STOCK TITAN

[Form 4] Smurfit Westrock plc Insider Trading Activity

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

Rhea-AI Filing Summary

Smurfit Westrock plc reported an insider equity award for its Executive VP and Group CFO and Director, Ken Bowles. On 12/18/2025, he acquired 212 ordinary shares at a stated price of $0, bringing his directly held ordinary shares to 130,694.

On the same date, he also received 1,019 additional restricted stock units under a performance share plan, with each unit representing one ordinary share at a stated price of $0. These units accrued as dividend equivalents in connection with a quarterly dividend of $0.4308 per ordinary share and carry the same terms as the original awards.

Following the transaction, Bowles held 92,388 restricted stock units in total. These are scheduled to vest and be settled in ordinary shares in two tranches: 50,597 units in February 2026 and 41,791 units in February 2027.

Positive

  • None.

Negative

  • None.
Insider Bowles Ken
Role Executive VP and Group CFO
Type Security Shares Price Value
Grant/Award Restricted Stock Units (PSP) 1,019 $0.00 --
Grant/Award Ordinary Shares 212 $0.00 --
Holdings After Transaction: Restricted Stock Units (PSP) — 92,388 shares (Direct); Ordinary Shares — 130,694 shares (Direct)
Footnotes (1)
  1. In accordance with the terms of outstanding restricted stock unit awards, 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. The 92,388 restricted stock units vest and are settled as follows:(i) 50,597 restricted stock units in February 2026, (ii) and 41,791 restricted stock units in February 2027.
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 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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Executive VP and Group CFO
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)
Code V Amount (A) or (D) Price
Ordinary Shares 12/18/2025 A 212 A $0(1) 130,694 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
Restricted Stock Units (PSP) (1) 12/18/2025 A 1,019 (2) (2) Ordinary Shares 1,019 $0 92,388 D
Explanation of Responses:
1. In accordance with the terms of outstanding restricted stock unit awards, 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. The 92,388 restricted stock units vest and are settled as follows:(i) 50,597 restricted stock units in February 2026, (ii) and 41,791 restricted stock units in February 2027.
Remarks:
/s/ Ciara O'Riordan (attorney-in-fact for Ken Bowles) 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.

FAQ

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

The company reported that Ken Bowles, its Executive VP, Group CFO and Director, acquired 212 ordinary shares and 1,019 additional restricted stock units on 12/18/2025.

How many Smurfit Westrock ordinary shares does Ken Bowles hold after this transaction?

After the reported acquisition, Ken Bowles directly holds 130,694 ordinary shares of Smurfit Westrock plc.

How many restricted stock units does Ken Bowles hold in Smurfit Westrock (SW)?

Following the transaction, Ken Bowles beneficially owns 92,388 restricted stock units, each representing the right to receive one ordinary share.

Why did Ken Bowles receive additional restricted stock units from Smurfit Westrock?

The 1,019 additional restricted stock units accrued as dividend equivalents in connection with a quarterly dividend of $0.4308 per ordinary share, and are subject to the same terms as the underlying awards.

When do Ken Bowles’s Smurfit Westrock restricted stock units vest?

Of the 92,388 restricted stock units, 50,597 are scheduled to vest in February 2026 and 41,791 are scheduled to vest in February 2027.

What is the reported price for Ken Bowles’s new Smurfit Westrock shares and RSUs?

The 212 ordinary shares and 1,019 restricted stock units reported on 12/18/2025 each have a stated price of $0 in the filing.