Form 4: Smurfit WestRock Executive Ben Garren Receives Restricted Stock Units

Ben Garren, Executive Vice President and Group General Counsel of Smurfit WestRock, was granted 7,461 restricted stock units (RSUs) on March 11, 2025, according to a Form 4 filing.

Summary

• On March 11, 2025, Ben Garren, an Executive Vice President and Group General Counsel at Smurfit WestRock plc, received 7,461 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one Ordinary Share of Smurfit WestRock plc.
• The RSUs are scheduled to vest in three equal annual installments, starting on the first anniversary of the grant date.
• A Form 4 filing was submitted to the SEC on March 13, 2025, to report this transaction.
• Ben Garren has granted Ciara O'Riordan and Nicola Coyle power of attorney to act on his behalf in matters related to SEC filings.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management and shareholder interests.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The RSUs will vest over the next three years, incentivizing the executive to contribute to the company's long-term success.

Industry Context

Granting RSUs is a common practice in executive compensation to align management's interests with those of shareholders and incentivize long-term performance.

Comparison to Industry Standards

• RSU grants are a standard component of executive compensation packages in publicly traded companies, particularly for senior management roles.
• The vesting schedule of three years is also typical for RSU grants.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns executive compensation with company performance.
• Employees may see the RSU grant as a sign of the company's commitment to its executives.

Next Steps

• The RSUs will vest annually over the next three years.
• The executive will receive Ordinary Shares upon vesting of the RSUs.

Key Dates