Smurfit Westrock (SW) director receives 719.864 dividend-equivalent share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smurfit Westrock plc director Alan D. Wilson received an automatic equity award tied to dividends. He acquired 719.864 additional restricted stock units as dividend equivalents following a quarterly cash dividend of $0.4523 per ordinary share. Each unit represents the right to receive one ordinary share at settlement.
After this award, Wilson directly holds 63,870.230 ordinary shares, including restricted stock units. His holdings comprise 4,422 restricted stock units scheduled to vest on the earlier of May 2, 2026 or the next annual meeting, and 57,721.230 fully vested units deferred until he leaves the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WILSON ALAN D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 719.864 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 63,870.23 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 $0.4523 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 4,422 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 and 57,721.230 fully vested restricted stock units that will be settled in ordinary shares following the Reporting Person's cessation of service as a member of the Issuer's board of directors in accordance with the terms of the WestRock Company 2016 Deferred Compensation Plan for Non-Employee Directors.
FAQ
What did Smurfit Westrock (SW) director Alan D. Wilson report on this Form 4?
Alan D. Wilson reported the acquisition of 719.864 additional restricted stock units as a dividend equivalent award. These units arise from Smurfit Westrock’s quarterly dividend and each unit represents the right to receive one ordinary share in the future.
What triggered the 719.864 restricted stock units reported by Smurfit Westrock (SW)?
The 719.864 restricted stock units accrued as dividend equivalents when Smurfit Westrock paid a quarterly dividend of $0.4523 per ordinary share. Under the award terms, dividend equivalents are credited in the form of additional restricted stock units instead of cash.
When will Alan D. Wilson’s unvested Smurfit Westrock (SW) restricted stock units vest?
4,422 of Alan D. Wilson’s restricted stock units will vest on the earlier of May 2, 2026 or the date of Smurfit Westrock’s next annual stockholder meeting. Vesting timing follows the company’s director compensation and equity award arrangements.
What are the settlement terms for Alan D. Wilson’s fully vested Smurfit Westrock (SW) units?
Wilson holds 57,721.230 fully vested restricted stock units that will be settled in ordinary shares after he ceases serving on the board. Settlement timing follows the WestRock Company 2016 Deferred Compensation Plan for Non-Employee Directors provisions.