Form 4: Smurfit Westrock Officer Increases Beneficial Ownership Through Dividend Equivalents

Smurfit Westrock plc's Chief Accounting Officer, Irene Page, has increased her beneficial ownership of company shares and restricted stock units through the accrual of dividend equivalents.

Summary

• Irene Page, Chief Accounting Officer of Smurfit Westrock plc (SW), acquired 31 Ordinary Shares and 301 Restricted Stock Units (RSUs) on June 18, 2025.
• These acquisitions were dividend equivalents, accrued in connection with the Issuer's quarterly dividend payment of $0.4308 per ordinary share.
• The newly acquired shares and RSUs are subject to the same terms and conditions as the underlying awards.
• Following these transactions, Irene Page's total beneficial ownership stands at 49,367 Ordinary Shares and 30,062 Restricted Stock Units.
• The 3,130 restricted stock units included in the total ordinary shares are scheduled to vest in three equal annual installments beginning March 11, 2026.
• The 30,062 restricted stock units are scheduled to vest as follows: 16,463 units in February 2026 and 13,599 units in February 2027.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it reflects a routine increase in an executive's beneficial ownership, aligning management interests with shareholders, without any negative implications.

Positives

• The increase in beneficial ownership by a key executive, Irene Page, aligns her interests further with those of shareholders.
• The acquisition of shares and RSUs through dividend equivalents is a routine and positive mechanism for executives to build equity stakes in the company.

Future Outlook

The document indicates future vesting schedules for Restricted Stock Units, with significant portions vesting in February 2026, March 2026, and February 2027, which will convert into ordinary shares for the reporting person.

Industry Context

This Form 4 filing represents a routine insider transaction related to executive compensation and dividend reinvestment, common across publicly traded companies. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: The increase in beneficial ownership by a key executive may be viewed positively as it indicates continued alignment of management's interests with shareholder value.

Next Steps

• Vesting of 16,463 Restricted Stock Units in February 2026.
• Vesting of the first of three equal annual installments for 3,130 Restricted Stock Units beginning March 11, 2026.
• Vesting of 13,599 Restricted Stock Units in February 2027.

Key Dates

Keywords

Smurfit Westrock, SW, SEC Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, Dividend Equivalents, Executive Compensation, Irene Page, Chief Accounting Officer