Smurfit Westrock (SW) CFO Ken Bowles receives 303-share equity grant
Rhea-AI Filing Summary
Bowles Ken reported acquisition or exercise transactions in this Form 4 filing.
Smurfit Westrock plc Executive VP and Group CFO Ken Bowles received an equity award of 303 ordinary shares on a grant/award basis, not through a market purchase. The shares were granted at a price of $0.0000 per share and increased his direct holdings to 173,963 ordinary shares.
Footnotes explain that additional restricted stock units accrued as dividend equivalents based on the issuer’s quarterly dividend of $0.4523 per ordinary share, and that his total includes 38,456 restricted stock unit awards. Each restricted stock unit represents the right to receive one ordinary share and is scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 303 shares
Net Buy
1 txn
Insider
Bowles Ken
Role
Executive VP and Group CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 303 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares — 173,963 shares (Direct)
Footnotes (2)
- 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.
- F2. Includes 38,456 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
Shares granted: 303 ordinary shares
Grant price: $0.0000 per share
Total direct holdings: 173,963 ordinary shares
+3 more
6 metrics
Shares granted
303 ordinary shares
Equity award on May 15, 2026; Form 4 code A
Grant price
$0.0000 per share
Price for the 303-share award
Total direct holdings
173,963 ordinary shares
Shares held following the reported transaction
RSU awards included
38,456 RSUs
Restricted stock unit awards included in holdings
Dividend per share
$0.4523 per ordinary share
Quarterly dividend used to calculate dividend-equivalent RSUs
RSU vesting schedule
3 equal annual installments
Beginning on the first anniversary of the grant date
Key Terms
restricted stock unit, dividend equivalents, dividend record date, vest, +1 more
5 terms
restricted stock unit financial
"Includes 38,456 restricted stock unit awards. Each restricted stock unit represents a contingent right to receive one ordinary share."
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 of $0.4523 per ordinary share"
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.
dividend record date financial
"with such accrual determined as of the dividend record date"
vest financial
"The RSUs are scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Smurfit Westrock (SW) CFO Ken Bowles report in this Form 4?
Ken Bowles reported receiving 303 ordinary shares as an equity grant, not through a market purchase. These shares were awarded at $0.0000 per share and increased his direct holdings to 173,963 ordinary shares, reflecting routine compensation-related share accumulation.
What role do restricted stock units (RSUs) play in Ken Bowles’ Smurfit Westrock (SW) holdings?
Ken Bowles’ holdings include 38,456 restricted stock unit awards, each representing a contingent right to receive one ordinary share. These RSUs are scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the award’s terms.
How are dividend equivalents described for Ken Bowles’ Smurfit Westrock (SW) RSUs?
Dividend equivalents accrue on his restricted stock units based on the issuer’s quarterly dividend of $0.4523 per ordinary share. These additional RSUs are determined as of the dividend record date and are subject to the same terms and conditions as the underlying award.
When will Ken Bowles’ Smurfit Westrock (SW) RSUs vest?
The restricted stock unit awards included in Ken Bowles’ holdings are scheduled to vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, with each installment representing one-third of the original RSU award amount.