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Smurfit Westrock (SW) executive granted 7,257 RSUs with shares withheld for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Smurfit Westrock plc executive Alvaro Henao reported a compensation-related share grant and routine tax withholding. On March 11, 2026, he was granted 7,257 restricted stock units, each representing one ordinary share, vesting in three equal annual installments starting on the first anniversary of the grant date. On March 12, 2026, 641 ordinary shares were withheld to cover tax obligations upon vesting and settlement of these units, a non-market disposition. After these transactions, Henao directly owned 72,595 ordinary shares.

Positive

  • None.

Negative

  • None.

Insights

Routine RSU grant with standard multi-year vesting and tax withholding.

The filing shows Alvaro Henao receiving 7,257 restricted stock units in ordinary shares of Smurfit Westrock plc. These RSUs vest in three equal annual installments beginning one year after the March 11, 2026 grant, indicating a long-term incentive structure.

The subsequent disposition of 641 shares at $42.20 per share reflects shares withheld to satisfy tax obligations on vesting, not an open-market sale. Following these events, Henao holds 72,595 shares directly. Overall, this is a standard executive compensation and tax-withholding pattern with neutral informational value for investors.

Insider Henao Alvaro
Role See remarks
Type Security Shares Price Value
Tax Withholding Ordinary Shares 641 $42.20 $27K
Grant/Award Ordinary Shares 7,257 $0.00 --
Holdings After Transaction: Ordinary Shares — 72,595 shares (Direct)
Footnotes (1)
  1. On March 11, 2026, the Reporting Person was granted 7,257 restricted stock units. Each restricted stock unit represents a contingent right to receive one ordinary share. The restricted stock units are scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date. Reflects ordinary shares of Smurfit Westrock plc withheld to satisfy the Reporting Person's tax withholding obligation upon vesting and settlement of their restricted stock units.
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Form 4 Insider Transactions: What Each Field Means →
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*
Henao Alvaro
(Last) (First) (Middle)
BEECH HILL, CLONSKEAGH
(Street)
DUBLIN 4 L2 D04 N2R2
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Smurfit Westrock plc [ SW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
See remarks
3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 03/11/2026 A(1) 7,257 A $0 73,236 D
Ordinary Shares 03/12/2026 F(2) 641 D $42.2 72,595 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. On March 11, 2026, the Reporting Person was granted 7,257 restricted stock units. Each restricted stock unit represents a contingent right to receive one ordinary share. The restricted stock units are scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date.
2. Reflects ordinary shares of Smurfit Westrock plc withheld to satisfy the Reporting Person's tax withholding obligation upon vesting and settlement of their restricted stock units.
Remarks:
President and Chief Executive Officer, LATAM
/s/ Ciara O'Riordan (attorney-in-fact for Alvaro Henao) 03/13/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Smurfit Westrock (SW) executive Alvaro Henao receive in this Form 4 filing?

Alvaro Henao received a grant of 7,257 restricted stock units, each representing one ordinary share of Smurfit Westrock plc. These RSUs are part of his equity compensation and are structured to vest over multiple years, aligning incentives with long-term company performance.

How do the 7,257 restricted stock units for Smurfit Westrock (SW) vest?

The 7,257 restricted stock units are scheduled to vest in three equal annual installments, starting on the first anniversary of the March 11, 2026 grant date. This means one-third vests each year, promoting long-term retention and performance alignment for the executive.

Why were 641 Smurfit Westrock (SW) shares disposed of in this Form 4?

The 641 ordinary shares reported as a disposition were withheld to satisfy tax withholding obligations when restricted stock units vested and settled. This is a non-market transaction, meaning Henao did not sell these shares on the open market for investment purposes.

What is Alvaro Henao’s total Smurfit Westrock (SW) shareholding after these transactions?

After the reported RSU grant and tax-withholding disposition, Alvaro Henao directly owns 72,595 ordinary shares of Smurfit Westrock plc. This figure reflects his updated equity position following the compensation award and the routine share withholding for taxes associated with vesting.

Does this Smurfit Westrock (SW) Form 4 indicate open-market buying or selling by Alvaro Henao?

No, the Form 4 does not show open-market buying or selling. It reports a grant of 7,257 restricted stock units and a tax-withholding disposition of 641 shares. Both are compensation and tax-related events rather than discretionary trading in the company’s stock.

What does the tax-withholding transaction at $42.20 mean for Smurfit Westrock (SW) shares?

The 641 shares valued at $42.20 each were withheld by the company to cover Alvaro Henao’s tax liability on vesting restricted stock units. This mechanism avoids a separate cash payment for taxes and does not represent an open-market sale by the executive.