STOCK TITAN

Smurfit Westrock (SW) officer receives 87-share equity award and holds 72,731

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

Rhea-AI Filing Summary

Henao Alvaro reported acquisition or exercise transactions in this Form 4 filing.

Smurfit Westrock plc officer Alvaro Henao reported a compensation-related equity grant on a Form 4. He received 87 ordinary shares at no cost, reflecting additional restricted stock units accrued as dividend equivalents on the company’s quarterly dividend of $0.4523 per share.

After this grant, he holds 72,731 ordinary shares in total, including 10,638 restricted stock units. These RSUs are scheduled to vest in three equal annual installments starting on the first anniversary of the original grant date, tying part of his compensation to the company’s future performance and continued service.

Positive

  • None.

Negative

  • None.
Insider Henao Alvaro
Role See remarks
Type Security Shares Price Value
Grant/Award Ordinary Shares 87 $0.00 --
Holdings After Transaction: Ordinary Shares — 72,731 shares (Direct, null)
Footnotes (1)
  1. In accordance with the terms of the restricted stock unit award, additional restricted stock units accrued as dividend equivalents based on the Issuer's quarterly dividend of $0.4523 per ordinary share, with such accrual determined as of the dividend record date. 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 10,638 restricted stock unit awards. Each restricted stock unit represents a contingent right to receive one ordinary share. The RSUs are scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date.
Shares granted 87 ordinary shares Grant/award acquisition on 2026-05-15
Grant price $0.0000 per share Compensation-related stock award, not open-market purchase
Total holdings after grant 72,731 ordinary shares Direct ownership following the reported transaction
Restricted stock units held 10,638 RSUs Each RSU represents the right to receive one ordinary share
Dividend per share $0.4523 per ordinary share Quarterly dividend used to calculate dividend-equivalent RSUs
RSU vesting schedule Three equal annual installments Beginning on the first anniversary of the grant date
restricted stock unit financial
"Includes 10,638 restricted stock unit awards. Each restricted stock unit represents a contingent right to receive one ordinary share."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
dividend equivalents financial
"additional restricted stock units accrued as dividend equivalents based on the Issuer's quarterly dividend of $0.4523 per ordinary share"
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.
dividend record date financial
"with such accrual determined as of the dividend record date."
vest financial
"The RSUs are scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date."
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.
SEC Form 4
FORM 4UNITED 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*
Henao Alvaro

(Last)(First)(Middle)
BEECH HILL, CLONSKEAGH

(Street)
DUBLIN 4D04 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
See remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Ordinary Shares05/15/2026A87A$0(1)72,731(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 based on the Issuer's quarterly dividend of $0.4523 per ordinary share, with such accrual determined as of the dividend record date. 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 10,638 restricted stock unit awards. Each restricted stock unit represents a contingent right to receive one ordinary share. The RSUs are scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date.
Remarks:
President and Chief Executive Officer, LATAM
/s/ Ciara O'Riordan (attorney-in-fact for Alvaro Henao)05/19/2026
** Signature of Reporting PersonDate
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) report for Alvaro Henao?

Smurfit Westrock reported that officer Alvaro Henao received 87 ordinary shares as a stock-based compensation grant. The shares came from restricted stock units credited as dividend equivalents on the company’s quarterly dividend and were awarded at no cash cost.

How many Smurfit Westrock (SW) shares does Alvaro Henao hold after this Form 4?

After the reported grant, Alvaro Henao holds 72,731 ordinary shares of Smurfit Westrock. This total includes 10,638 restricted stock units, each representing a contingent right to receive one ordinary share, subject to future vesting conditions and continued service.

What are the terms of Alvaro Henao’s restricted stock units in Smurfit Westrock (SW)?

Henao holds 10,638 restricted stock units, each convertible into one ordinary share. These RSUs are scheduled to vest in three equal annual installments, beginning on the first anniversary of the original grant date, aligning his compensation with multi-year company and service outcomes.

How were the additional restricted stock units for Smurfit Westrock (SW) calculated?

Additional restricted stock units accrued as dividend equivalents based on Smurfit Westrock’s quarterly dividend of $0.4523 per ordinary share. The accrual was determined as of the dividend record date, and these RSUs follow the same terms and conditions as the underlying restricted stock award.

Did Alvaro Henao buy or sell Smurfit Westrock (SW) shares on the open market?

The filing shows a grant of 87 ordinary shares at a price of $0.0000 per share, classified as a grant, award, or other acquisition. This indicates a compensation-related stock award rather than an open-market purchase or sale transaction by the officer.