Dividend-linked RSUs lift Smurfit Westrock (SW) director holdings

Rhea-AI Filing Summary

Finan Irial reported acquisition or exercise transactions in this Form 4 filing.

Smurfit Westrock plc director Irial Finan received a grant of 80 ordinary-share equivalent restricted stock units at no cost, recorded as a compensation-related award. These units accrued as dividend equivalents in connection with a quarterly dividend of $0.4523 per ordinary share.

Following this grant, Finan holds 55,180 ordinary shares, including 6,949 restricted stock units that will vest on the earlier of May 2, 2026 or the date of the next annual meeting of Smurfit Westrock plc's stockholders.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Finan Irial

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	80	$0.00	--

Holdings After Transaction: Ordinary Shares — 55,180 shares (Direct)

Footnotes (1)

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 6,949 restricted stock units which will vest on the earlier of (i) May 2, 2026 or (ii) the date of the next annual meeting of Smurfit Westrock plc's stockholders.

Form 4 Insider Transactions: What Each Field Means →

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^*

Finan Irial

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	03/18/2026		A		80	A	$0(1)	55,180(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 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 6,949 restricted stock units which will vest on the earlier of (i) May 2, 2026 or (ii) the date of the next annual meeting of Smurfit Westrock plc's stockholders.

Remarks:

	/s/ Ciara O'Riordan (attorney-in-fact-pursuant for Irial Finan)	03/20/2026
	** 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)

FAQ

What insider transaction did Smurfit Westrock (SW) director Irial Finan report?

Director Irial Finan reported receiving 80 restricted stock units linked to ordinary shares as a compensation-related award at no cost. These units accrued as dividend equivalents tied to a quarterly cash dividend and increase his overall equity-based holdings in Smurfit Westrock plc.

How many Smurfit Westrock (SW) shares does Irial Finan hold after this Form 4?

After the reported grant, Irial Finan holds 55,180 ordinary shares of Smurfit Westrock plc. This total includes time-based restricted stock units, reflecting both vested shares and equity awards that are scheduled to vest in the future under specified conditions.

What are dividend-equivalent restricted stock units in the Smurfit Westrock (SW) filing?

The filing shows additional restricted stock units accrued as dividend equivalents when Smurfit Westrock paid a quarterly dividend of $0.4523 per ordinary share. Each restricted stock unit represents the right to receive one ordinary share under the same terms as the original award.

When will Irial Finan’s restricted stock units in Smurfit Westrock (SW) vest?

The document states that 6,949 restricted stock units held by Irial Finan will vest on the earlier of May 2, 2026, or the date of Smurfit Westrock plc’s next annual stockholder meeting, subject to the terms and conditions of the underlying award.

Is the Smurfit Westrock (SW) Form 4 transaction an open-market share purchase?

No. The Form 4 describes a grant of 80 restricted stock units as a compensation-related acquisition at a price of $0.0000 per share, not an open-market buy. It reflects equity compensation rather than a discretionary market purchase.