Form 4: Smurfit Westrock Executive Acquires Additional Restricted Stock Units as Dividend Equivalents

Anthony P.J. Smurfit, a director and officer of Smurfit Westrock plc, acquired 1,683 restricted stock units as dividend equivalents on March 18, 2025.

Summary

• On March 18, 2025, Anthony P.J. Smurfit, a director and officer of Smurfit Westrock plc, acquired 1,683 restricted stock units (PSP) as dividend equivalents.
• These units accrued due to the Issuer's quarterly dividend payment of $0.4308 per ordinary share.
• The acquired restricted stock units are subject to the same terms and conditions as the underlying award, each representing the right to receive one ordinary share.
• Following the transaction, Smurfit beneficially owns 177,899 restricted stock units.
• 97,427 of these restricted stock units vest in February 2026, and 80,472 vest in February 2027.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. It's a neutral event with no significant positive or negative implications for the company's financial health or future prospects.

Future Outlook

The document does not contain any specific forward-looking statements beyond the vesting schedules of the restricted stock units.

Industry Context

This filing reflects routine executive compensation practices, where dividend equivalents are often granted on outstanding equity awards to maintain their value during dividend payments. This is a common practice in publicly traded companies.

Comparison to Industry Standards

• Dividend equivalents on restricted stock units are a common practice among publicly traded companies, including peers like International Paper and Packaging Corporation of America.
• The vesting schedules of these units (February 2026 and February 2027) are typical for executive compensation packages, aligning with long-term performance incentives.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
• It primarily affects the executive's ownership stake and aligns their interests with the company's performance.

Key Dates

Keywords

Smurfit Westrock, restricted stock units, dividend equivalents, Form 4, beneficial ownership, Anthony Smurfit