[Form 4] Smurfit Westrock plc Insider Trading Activity

Rhea-AI Filing Summary

Smurfit Westrock plc (SW) Form 4 shows a routine insider acquisition by reporting person Garren Ben, who is identified as Executive Vice President & Group General Counsel and an officer. On 09/18/2025 he was credited with 73 ordinary shares at a price of $0, representing additional restricted stock units that accrued as dividend equivalents under existing RSU awards. Following the transaction, the filing reports 7,609 restricted stock units beneficially owned, which the form notes vest in three equal annual installments beginning March 11, 2026. The filing was signed by an attorney-in-fact and includes a power of attorney exhibit.

Insights

Financial Analyst

TL;DR: A small, non-cash RSU accrual from dividend equivalents; routine insider holding update with limited market impact.

The 73-share entry at $0 reflects dividend-equivalent RSUs credited under outstanding awards rather than an open-market purchase or sale. The reported total of 7,609 RSUs scheduled to vest over three years indicates ongoing equity-based compensation and retention for the reporting officer. No cash consideration, option exercises, or sales are reported, and the transaction does not change control or materially alter outstanding ownership percentages. For investors, this is a standard disclosure of compensation-related share accruals.

Corporate Governance Expert

TL;DR: Disclosure documents routine compensation mechanics; filing meets Section 16 reporting requirements.

The Form 4 documents accrual of dividend-equivalent restricted stock units consistent with equity award terms and shows vesting schedule transparency, which assists in assessing executive alignment and retention. The signature by an attorney-in-fact and inclusion of a Power of Attorney exhibit are standard administrative details. There are no indications of irregular or opportunistic trading by the reporting officer in this filing.

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^*

Garren Ben

(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)
09/18/2025

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	09/18/2025		A		73	A	$0(1)	7,609(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 applicable outstanding restricted stock units, 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 7,609 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.

Remarks:

Executive Vice President & Group General Counsel. Exhibit 24.1 Power of Attorney.

	/s/ Ciara O'Riordan, attorney-in-fact for Ben Garren	09/22/2025
	** 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 transaction did Smurfit Westrock plc (SW) reporting person Garren Ben report on Form 4?

The filing reports 73 ordinary shares credited as restricted stock units (dividend equivalents) on 09/18/2025 at a price of $0.

How many restricted stock units does the reporting person beneficially own after the transaction?

The report shows 7,609 restricted stock units beneficially owned following the transaction.

When do the reported restricted stock units vest?

The filing states the 7,609 RSUs are scheduled to vest in three equal annual installments beginning on March 11, 2026.

What is the reporting person’s role at Smurfit Westrock plc (SW)?

The report identifies the reporting person as an Executive Vice President & Group General Counsel (an officer).

Was this a cash purchase or market transaction?

No. The 73 shares were credited as dividend-equivalent RSUs at a price of $0, not a market purchase or sale.