Form 4: Smurfit Westrock Director Stockton Reports Acquisition of Shares via Dividend Equivalents

Director Dmitri L. Stockton reports acquiring 68 ordinary shares of Smurfit Westrock plc due to dividend equivalents on restricted stock units.

Summary

• Dmitri L. Stockton, a director of Smurfit Westrock plc, filed a Form 4 on September 20, 2024, reporting a transaction on September 18, 2024.
• The transaction involved the acquisition of 68 ordinary shares due to dividend equivalents on outstanding time-based restricted stock units.
• These restricted stock units accrued because of the Issuer's quarterly dividend payment of $0.3025 per ordinary share.
• Stockton directly owns 11,077 ordinary shares following the reported transaction.
• The restricted stock units are fully vested and will be settled in ordinary shares after Stockton's service as a board member ends, according to the WestRock Company 2016 Deferred Compensation Plan for Non-Employee Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a routine transaction related to dividend equivalents, indicating alignment of interests between the director and shareholders.

Positives

• The acquisition of shares through dividend equivalents indicates a continued alignment of the director's interests with those of the shareholders.

Future Outlook

The restricted stock units will be settled in ordinary shares following the Reporting Person's cessation of service as a member of the Issuer's board of directors in accordance with the terms of the WestRock Company 2016 Deferred Compensation Plan for Non-Employee Directors.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves a small number of shares acquired through dividend equivalents.

Key Dates