Smurfit Westrock (SW) officer reports new RSUs and share accruals

Q: What insider transaction did Smurfit Westrock (SW) disclose in this Form 4?

The filing shows the Chief Accounting Officer acquired 35 ordinary shares on 12/18/2025 at a price of $0 , reflecting shares received under an equity award rather than a market purchase.

Q: What new restricted stock units were granted in the Smurfit Westrock (SW) Form 4?

The officer received 338 restricted stock units (PSP) on 12/18/2025 at an exercise price of $0 , increasing total restricted stock units beneficially owned to 30,692 .

Q: Why did additional restricted stock units accrue for Smurfit Westrock (SW) in this filing?

Additional restricted stock units accrued as dividend equivalents in connection with Smurfit Westrock’s quarterly dividend of $0.4308 per ordinary share , and they follow the same terms as the underlying award.

Q: What are the vesting terms for the Smurfit Westrock (SW) restricted stock units mentioned?

The filing states that 3,195 restricted stock units are scheduled to vest in three equal annual installments beginning on March 11, 2026 , and that 30,692 restricted stock units vest and are settled as 16,808 units in February 2026 and 13,884 units in February 2027 .

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Smurfit Westrock plc reported a routine insider equity award update. On 12/18/2025, the company’s Chief Accounting Officer acquired 35 ordinary shares at a price of $0, reflecting shares delivered under an existing equity arrangement rather than an open-market purchase. Following this, the officer beneficially owned 49,432 ordinary shares.

On the same date, the officer also received 338 restricted stock units (PSP) at an exercise price of $0, bringing total restricted stock units beneficially owned to 30,692. These additional units accrued as dividend equivalents tied to a quarterly dividend of $0.4308 per ordinary share and carry the same vesting terms as the underlying awards, with specified vesting tranches in February 2026, February 2027 and installments beginning on March 11, 2026.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Page Irene

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units (PSP)	338	$0.00	--
Grant/Award	Ordinary Shares	35	$0.00	--

Holdings After Transaction: Restricted Stock Units (PSP) — 30,692 shares (Direct); Ordinary Shares — 49,432 shares (Direct)

Footnotes (1)

In accordance with the terms of the restricted stock unit award, additional restricted stock units accrued as dividend equivalents in connection with the Issuer's payment of a quarterly dividend of $0.4308 per ordinary share. 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. Includes 3,195 restricted stock units which are scheduled to vest in three equal annual installments beginning on March 11, 2026, the first anniversary of the grant date. The 30,692 restricted stock units vest and are settled as follows:(i) 16,808 restricted stock units in February 2026, (ii) and 13,884 restricted stock units in February 2027.

Form 4 Insider Transactions: What Each Field Means →

12/19/2025 - 11:54 AM

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^*

Page Irene

(Last)

(First)

(Middle)

BEECH HILL, CLONSKEAGH

(Street)

DUBLIN 4

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)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/18/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	12/18/2025		A		35	A	$0⁽¹⁾	49,432⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units (PSP)	⁽¹⁾	12/18/2025		A		338		⁽³⁾	⁽³⁾	Ordinary Shares	338	$0	30,692	D

Explanation of Responses:

1. In accordance with the terms of the restricted stock unit award, additional restricted stock units accrued as dividend equivalents in connection with the Issuer's payment of a quarterly dividend of $0.4308 per ordinary share. 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 3,195 restricted stock units which are scheduled to vest in three equal annual installments beginning on March 11, 2026, the first anniversary of the grant date.

3. The 30,692 restricted stock units vest and are settled as follows:(i) 16,808 restricted stock units in February 2026, (ii) and 13,884 restricted stock units in February 2027.

Remarks:

	/s/ Ciara O'Riordan, attorney-in-fact for Irene Page	12/19/2025
	** 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 insider transaction did Smurfit Westrock (SW) disclose in this Form 4?

The filing shows the Chief Accounting Officer acquired 35 ordinary shares on 12/18/2025 at a price of $0, reflecting shares received under an equity award rather than a market purchase.

How many Smurfit Westrock (SW) shares does the reporting officer beneficially own after the transaction?

After the reported transaction, the officer beneficially owns 49,432 ordinary shares, including shares associated with restricted stock unit awards.

What new restricted stock units were granted in the Smurfit Westrock (SW) Form 4?

The officer received 338 restricted stock units (PSP) on 12/18/2025 at an exercise price of $0, increasing total restricted stock units beneficially owned to 30,692.

Why did additional restricted stock units accrue for Smurfit Westrock (SW) in this filing?

Additional restricted stock units accrued as dividend equivalents in connection with Smurfit Westrock’s quarterly dividend of $0.4308 per ordinary share, and they follow the same terms as the underlying award.

What are the vesting terms for the Smurfit Westrock (SW) restricted stock units mentioned?

The filing states that 3,195 restricted stock units are scheduled to vest in three equal annual installments beginning on March 11, 2026, and that 30,692 restricted stock units vest and are settled as 16,808 units in February 2026 and 13,884 units in February 2027.

Who is the reporting person in this Smurfit Westrock (SW) Form 4 and what is their role?

The reporting person is an officer of Smurfit Westrock plc serving as Chief Accounting Officer, as indicated in the relationship section of the filing.