Smurfit Westrock (SW) CFO Ken Bowles granted shares and RSUs in equity awards

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Bowles Ken reported acquisition or exercise transactions in this Form 4 filing.

Smurfit Westrock plc director and Executive VP & Group CFO Ken Bowles reported routine equity compensation awards. On June 10, 2026, he received 150 ordinary shares and 490 Restricted Stock Units (PSP) at no cost. The additional RSUs accrued as dividend equivalents linked to a quarterly dividend of $0.4523 per ordinary share and carry the same terms as the original award, with each RSU representing one ordinary share. Following these awards, Bowles holds 174,113 ordinary shares directly and 42,770 RSUs, including 38,606 RSUs scheduled to vest in three equal annual installments and RSUs due to vest and settle in February 2027.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bowles Ken

Role Executive VP and Group CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units (PSP)	490	$0.00	--
Grant/Award	Ordinary Shares	150	$0.00	--

Holdings After Transaction: Restricted Stock Units (PSP) — 42,770 shares (Direct, null); Ordinary Shares — 174,113 shares (Direct, null)

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 $0.4523 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 38,606 restricted stock units which are scheduled to vest in three equal annual installments on the first anniversary of the grant date. The 42,770 restricted stock units vest and are due to settle in February 2027.

Key Figures

Ordinary shares granted: 150 shares RSUs (PSP) granted: 490 units Shares held after award: 174,113 shares +4 more

7 metrics

Ordinary shares granted 150 shares Award on June 10, 2026 at $0.00 per share

RSUs (PSP) granted 490 units Restricted Stock Units (PSP) awarded on June 10, 2026

Shares held after award 174,113 shares Total ordinary shares directly owned after transactions

RSUs held after award 42,770 units Total Restricted Stock Units following the RSU transaction

Quarterly dividend $0.4523 per share Dividend per ordinary share that generated dividend-equivalent RSUs

RSUs vesting schedule 38,606 units Vest in three equal annual installments from first grant anniversary

RSU settlement date February 2027 42,770 RSUs vest and are due to settle in February 2027

Key Terms

Restricted Stock Units (PSP), dividend equivalents, quarterly dividend, vest, +1 more

5 terms

Restricted Stock Units (PSP) financial

"Restricted Stock Units (PSP)"

dividend equivalents financial

"additional restricted stock units accrued as dividend equivalents in connection with the Issuer's payment"

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.

quarterly dividend financial

"in connection with the Issuer's payment of a quarterly dividend of $0.4523 per ordinary share"

A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.

vest financial

"includes 38,606 restricted stock units which are scheduled to vest in three equal annual installments"

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.

settle financial

"The 42,770 restricted stock units vest and are due to settle in February 2027"

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Form 4 Insider Transactions: What Each Field Means →

06/12/2026 - 12:00 PM

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

D04 N2R2

(City)

(State)

(Zip)

IRELAND

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/10/2026		A		150	A	$0⁽¹⁾	174,113⁽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)	$0⁽¹⁾	06/10/2026		A		490		⁽³⁾	⁽³⁾	Ordinary Shares	490	$0	42,770	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 $0.4523 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 38,606 restricted stock units which are scheduled to vest in three equal annual installments on the first anniversary of the grant date.

3. The 42,770 restricted stock units vest and are due to settle in February 2027.

Remarks:

	/s/ Ciara O'Riordan (attorney-in-fact for Ken Bowles)	06/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Smurfit Westrock (SW) executive Ken Bowles report in this Form 4?

Ken Bowles, Executive VP and Group CFO of Smurfit Westrock, reported equity awards including ordinary shares and restricted stock units. These awards reflect routine compensation rather than open-market buying or selling, and increase his direct and RSU-based holdings in the company.

How many Smurfit Westrock (SW) ordinary shares did Ken Bowles receive?

Ken Bowles received 150 ordinary shares of Smurfit Westrock at a price of $0.00 per share. This grant increased his direct ownership position to 174,113 ordinary shares following the transaction, as disclosed in the Form 4 insider trading report.

What restricted stock units (RSUs) did Ken Bowles acquire in Smurfit Westrock (SW)?

Ken Bowles acquired 490 Restricted Stock Units (PSP), each representing the right to receive one ordinary share. After this award, he holds 42,770 RSUs in total, which form part of his long-term equity-based compensation linked to Smurfit Westrock performance.

Why did additional RSUs accrue to Ken Bowles at Smurfit Westrock (SW)?

Additional RSUs accrued to Ken Bowles as dividend equivalents when Smurfit Westrock paid a quarterly dividend of $0.4523 per ordinary share. These new RSUs follow the same terms and conditions as the underlying award and effectively reinvest the cash dividend in stock units.

When do Ken Bowles’s Smurfit Westrock (SW) RSUs vest and settle?

Of Ken Bowles’s RSUs, 38,606 are scheduled to vest in three equal annual installments on the first anniversary of the grant date. The 42,770 RSUs referenced, including new units, are due to vest and settle in February 2027, subject to standard award conditions.

Are Ken Bowles’s recent Smurfit Westrock (SW) transactions open-market trades?

The reported transactions are not open-market trades; they are equity awards and dividend-equivalent RSUs granted at $0.00 per unit. They represent compensation-related acquisitions, increasing his holdings without signaling discretionary buying or selling in the public market.