Form 4: Smurfit WestRock Officer Reports Share and Derivative Security Transactions Following Smurfit Kappa Acquisition

Irene Page, Chief Accounting Officer of Smurfit WestRock, reports acquisition and disposal of ordinary shares and conversion of derivative securities following the merger with Smurfit Kappa.

Summary

• This Form 4 filing details changes in beneficial ownership for Irene Page, Chief Accounting Officer of Smurfit WestRock plc, following the acquisition of Smurfit Kappa Group plc.
• The filing reports the acquisition of 37,996 ordinary shares of Smurfit WestRock in exchange for Smurfit Kappa shares as part of the scheme of arrangement.
• It also details the conversion of deferred bonus plan awards (DBP) into 14,168 restricted stock units and performance share plan awards (PSP) into 42,115 restricted stock units, both based on Smurfit WestRock shares.
• These conversions were executed as per the transaction agreement dated September 12, 2023.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects the completion of a major merger, which is generally viewed favorably. The filing itself is a routine disclosure.

Industry Context

This filing reflects the completion of the Smurfit Kappa and WestRock merger, creating a major player in the paper and packaging industry. Executive compensation and share ownership changes are typical following such a significant corporate event.

Stakeholder Impact

• Shareholders of Smurfit Kappa received shares of Smurfit WestRock.
• Executives like Irene Page had their stock-based compensation converted to reflect the new company structure.

Key Dates