Smurfit Westrock CFO adds 234 dividend shares

Smurfit Westrock plc (SW) reported that Executive VP and Group CFO Ken Bowles acquired 234 ordinary shares through a grant of additional restricted stock units that accrued as dividend equivalents on an existing award.

Rhea-AI Filing Summary

Smurfit Westrock plc (SW) reported that Executive VP and Group CFO Ken Bowles acquired 234 ordinary shares through a grant of additional restricted stock units that accrued as dividend equivalents on an existing award. These RSUs were based on a quarterly dividend of $0.4523 per ordinary share and are subject to the same terms as the underlying award. Following this accrual, Bowles directly holds 174,347 ordinary shares, which include 38,840 restricted stock units scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date.

Insider Trade Summary

Grant/Award: 234 shares

Grant/Award 1 txn

Insider Bowles Ken

Role Executive VP and Group CFO

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares F1, F2	234	$0.00	$0.00

Holdings After Transaction: Ordinary Shares — 174,347 shares (Direct)

Footnotes (2)

1. F1. In accordance with the terms of the restricted stock unit award, additional restricted stock units accrued as dividend equivalents based on the Issuer's quarterly dividend of $0.4523 per ordinary share, with such accrual determined as of the dividend record date. Such additional restricted stock units are subject to the same terms and conditions as the underlying award. Each restricted stock unit represents the right to receive one ordinary share
2. F2. Includes 38,840 restricted stock unit awards. Each restricted stock unit represents a contingent right to receive one ordinary share. The RSUs are scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date.

Key Figures

RSUs acquired as dividend equivalents: 234 shares Quarterly dividend: $0.4523 per ordinary share Shares held after transaction: 174,347 shares +2 more

5 metrics

RSUs acquired as dividend equivalents 234 shares Additional restricted stock units accrued from the quarterly dividend on 2026-08-14

Quarterly dividend $0.4523 per ordinary share Dividend rate used to calculate RSU dividend equivalents

Shares held after transaction 174,347 shares Direct ordinary share holdings by Ken Bowles following the RSU accrual

Included restricted stock units 38,840 RSUs Number of RSUs included in post-transaction holdings, vesting over three years

RSU grant price $0.00 per share Reported price for the 234 RSUs granted as dividend equivalents

Key Terms

restricted stock unit, dividend equivalents, vesting

3 terms

restricted stock unit financial

"Includes 38,840 restricted stock unit awards."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

dividend equivalents financial

"additional restricted stock units accrued as dividend equivalents based on the Issuer's quarterly dividend"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

vesting financial

"The RSUs are scheduled to vest in three equal annual installments"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Smurfit Westrock plc (SW) report for Ken Bowles?

Smurfit Westrock plc reported that Ken Bowles received 234 additional restricted stock units as dividend equivalents on an existing award, with each restricted stock unit representing the right to receive one ordinary share.

How many Smurfit Westrock (SW) shares does Ken Bowles hold after this transaction?

After the reported transaction, Ken Bowles directly holds 174,347 ordinary shares of Smurfit Westrock plc, including both already-vested shares and 38,840 restricted stock units that are scheduled to vest over time.

What dividend rate generated the new RSUs for Ken Bowles at Smurfit Westrock (SW)?

The additional restricted stock units accrued as dividend equivalents based on Smurfit Westrock’s quarterly dividend of $0.4523 per ordinary share, determined as of the dividend record date and applied to the existing RSU award.

How do Ken Bowles’s Smurfit Westrock (SW) restricted stock units vest?

Ken Bowles’s 38,840 restricted stock units are scheduled to vest in three equal annual installments, beginning on the first anniversary of the original grant date, subject to the same terms and conditions as the underlying award.

Does Ken Bowles pay for the newly acquired Smurfit Westrock (SW) RSUs?

The filing shows a per-share price of $0.00 for the 234 additional restricted stock units, indicating they were an automatic grant of dividend equivalents rather than purchased for cash in the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/18/2026 - 11:47 AM Accepted by SEC EDGAR 08/18/2026 - 11:47 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bowles Ken

(Last) (First) (Middle)

BEECH HILL, CLONSKEAGH

(Street)

DUBLIN 4 D04 N2R2

(City) (State) (Zip)

IRELAND

(Country)

2. Issuer Name and Ticker or Trading Symbol
Smurfit Westrock plc [ SW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive VP and Group CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	08/14/2026		A		234	A	$0(1)	174,347(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. In accordance with the terms of the restricted stock unit award, additional restricted stock units accrued as dividend equivalents based on the Issuer's quarterly dividend of $0.4523 per ordinary share, with such accrual determined as of the dividend record date. Such additional restricted stock units are subject to the same terms and conditions as the underlying award. Each restricted stock unit represents the right to receive one ordinary share

2. Includes 38,840 restricted stock unit awards. Each restricted stock unit represents a contingent right to receive one ordinary share. The RSUs are scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date.

Remarks:

	/s/ Ciara O'Riordan (attorney-in-fact for Ken Bowles)	08/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)