[Form 4] Smurfit Westrock plc Insider Trading Activity

Rhea-AI Filing Summary

Smurfit Westrock plc President and Group CEO Anthony P.J. Smurfit reported routine equity compensation and related tax withholding. He received 973 restricted stock units as dividend equivalents tied to a quarterly dividend of $0.4523 per ordinary share, plus a grant of 780 ordinary shares.

The filing notes that 19 ordinary shares were withheld to cover tax obligations upon vesting and settlement of these dividend equivalents, rather than sold in the market. After these events, he directly holds 1,726,185 ordinary shares and 83,969 restricted stock units due to vest and settle in February 2027. An additional 1,000 ordinary shares are held by his child; he disclaims beneficial ownership of those shares.

Insights

Equity compensation and governance analyst

Routine stock awards and small tax withholding; no open-market trading signal.

Anthony P.J. Smurfit, President and Group CEO of Smurfit Westrock plc, reported standard equity compensation activity. He received 973 restricted stock units as dividend equivalents on a quarterly dividend of $0.4523 per ordinary share, plus 780 directly granted ordinary shares.

The Form 4 also shows 19 ordinary shares withheld to satisfy tax obligations on these dividend-equivalent vestings, coded as an F transaction. This is a mechanical tax payment, not an open-market sale. Following these transactions, he holds 1,726,185 ordinary shares and 83,969 restricted stock units vesting in February 2027.

The filing includes 1,000 ordinary shares held by his child, with an explicit disclaimer of beneficial ownership. Overall, the scale of these movements is small relative to his total holdings and reflects routine compensation and tax treatment rather than a change in his economic exposure or a directional view on the stock.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider SMURFIT ANTHONY P J

Role President and Group CEO

Type	Security	Shares	Price	Value
Tax Withholding	Ordinary Shares	19	$38.58	$733.02
Grant/Award	Restricted Stock Units (PSP)	973	$0.00	--
Grant/Award	Ordinary Shares	780	$0.00	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 1,726,185 shares (Direct); Restricted Stock Units (PSP) — 83,969 shares (Direct); Ordinary Shares — 1,000 shares (Indirect, See footnote)

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. Reflects ordinary shares of Smurfit Westrock plc withheld to satisfy the reporting person's tax withholding obligation upon the vesting and settlement of dividend equivalents, which accrued on 18 March 2026. Since these dividend equivalents were associated with restricted stock units that vested and settled on 12 March 2026, the dividend equivalents immediately vested and settled on 19 March 2026 in accordance with the terms of the associated restricted stock unit award. These shares are held by the Reporting Person's child who is part of the Reporting Person's household. The Reporting Person disclaims ownership of the shares held by this child, and this report is not an admission that the Reporting Person is the beneficial owner of these shares for the purposes of Section 16 or for any other purposes. The 83,969 restricted stock units vest and are due to be settled in February 2027.

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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^*

SMURFIT ANTHONY P J

(Last) (First) (Middle)

BEECH HILL

CLONSKEAGH

(Street)

DUBLIN D04N2R2

(City) (State) (Zip)

UNITED STATES

(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)
	President and Group CEO

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(1)		780	A	$0	1,726,204	D
Ordinary Shares	03/19/2026		F(2)		19	D	$38.58	1,726,185	D
Ordinary Shares								1,000	I	See footnote(3)

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
Restricted Stock Units (PSP)	$0(1)	03/18/2026		A		973		(4)	(4)	Ordinary Shares	973	$0	83,969	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. Reflects ordinary shares of Smurfit Westrock plc withheld to satisfy the reporting person's tax withholding obligation upon the vesting and settlement of dividend equivalents, which accrued on 18 March 2026. Since these dividend equivalents were associated with restricted stock units that vested and settled on 12 March 2026, the dividend equivalents immediately vested and settled on 19 March 2026 in accordance with the terms of the associated restricted stock unit award.

3. These shares are held by the Reporting Person's child who is part of the Reporting Person's household. The Reporting Person disclaims ownership of the shares held by this child, and this report is not an admission that the Reporting Person is the beneficial owner of these shares for the purposes of Section 16 or for any other purposes.

4. The 83,969 restricted stock units vest and are due to be settled in February 2027.

Remarks:

	/s/ Ciara O'Riordan (attorney-in-fact for Anthony Smurfit)	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)