Form 4: Smurfit Westrock Executive Boosts Equity Holdings

Saverio Mayer, Smurfit Westrock plc's President and CEO for Europe, MEA, and APAC, increased his beneficial ownership of ordinary shares and restricted stock units through dividend equivalents.

Summary

• Saverio Mayer, President and Chief Executive Officer, Europe, MEA and APAC for Smurfit Westrock plc, reported changes in beneficial ownership.
• On December 18, 2025, Mayer acquired 179 Ordinary Shares and 896 Restricted Stock Units (RSUs) through dividend equivalents.
• These acquisitions were in connection with the Issuer's quarterly dividend payment of $0.4308 per ordinary share.
• Following these transactions, Mayer beneficially owns 189,739 Ordinary Shares.
• This total includes 16,277 restricted stock units scheduled to vest in three equal annual installments starting March 11, 2026.
• Mayer also beneficially owns 81,327 Restricted Stock Units (PSP), which vest as follows: 44,539 RSUs in February 2026 and 36,788 RSUs in February 2027.
• Each restricted stock unit represents the right to receive one ordinary share.

Sentiment

Score: 6

Explanation: Slightly positive as an executive increased beneficial ownership, even if through routine dividend equivalents, which can be interpreted as a sign of continued confidence in the company.

Positives

• An executive increasing their beneficial ownership, even through dividend equivalents, can signal confidence in the company's future performance.
• The accrual of additional restricted stock units as dividend equivalents aligns executive incentives with shareholder returns.

Future Outlook

The reporting person's future beneficial ownership includes restricted stock units scheduled to vest in installments starting March 2026, with significant portions vesting in February 2026 and February 2027, indicating future share issuances.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, reflecting changes in an executive's equity holdings. It does not provide broader industry trends or competitive analysis but is a standard transparency requirement for publicly traded companies regarding executive compensation and ownership.

Stakeholder Impact

• Shareholders: May view the executive's increased beneficial ownership as a positive signal of management's alignment with shareholder interests and confidence in the company's future.

Next Steps

• Vesting of 44,539 Restricted Stock Units in February 2026.
• First annual installment vesting of 16,277 restricted stock units on March 11, 2026.
• Vesting of 36,788 Restricted Stock Units in February 2027.

Key Dates

Keywords

Smurfit Westrock, SW, Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, Dividend Equivalents, Executive Compensation, Saverio Mayer