Form 4: Smurfit Westrock Executive Mayer Reports Share Transactions Following Vesting of Stock Awards
SEC Form 4 Filing
Saverio Mayer, a Smurfit Westrock officer, reports the acquisition and disposal of ordinary shares related to the vesting and settlement of performance share plan and deferred bonus plan awards.
Summary
- On February 14, 2025, Saverio Mayer, President and Chief Executive Officer, Europe, MEA and APAC of Smurfit Westrock plc, acquired 31,484 ordinary shares through the vesting of performance share plan awards and 9,462 ordinary shares through the vesting of deferred bonus plan awards.
- Mayer also disposed of 17,395 ordinary shares to cover tax withholding obligations at a price of $54.65 per share.
- Following these transactions, Mayer directly owns 173,462 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't convey strong positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and does not necessarily indicate a significant shift in the company's outlook or performance.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 03/28/2022 | Date of grant for deferred bonus plan awards and performance share plan awards. |
| 02/14/2025 | Date of transaction: vesting and settlement of stock awards, and disposal of shares for tax obligations. |
| 02/18/2025 | Date of signature for the Form 4 filing. |
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