Form 4: Smurfit Westrock Director Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Jorgen Buhl Rasmussen sold 1,003 ordinary shares of Smurfit Westrock plc to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On February 14, 2025, Jorgen Buhl Rasmussen, a director of Smurfit Westrock plc, disposed of 1,003 ordinary shares.
- The shares were sold at a price of $54.65 per share.
- This transaction was executed to satisfy the reporting person's tax withholding obligations upon the vesting and settlement of restricted stock units (RSUs).
- Following the transaction, Rasmussen beneficially owns 7,262 ordinary shares.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and directors.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of the transaction where 1,003 ordinary shares were disposed of. |
| 02/18/2025 | Date of signature for the Form 4 filing. |
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