Smurfit Westrock (SW) director adds 48 shares via dividend RSUs

Rhea-AI Filing Summary

Smurfit Westrock plc director reports a small share increase from dividend-equivalent awards. On 12/18/2025, the director acquired 48 ordinary shares at a stated price of $0 through restricted stock units that accrued as dividend equivalents tied to a quarterly dividend of $0.4308 per ordinary share. After this transaction, the director beneficially owns 12,325 ordinary shares on a direct basis. This total includes 4,371 restricted stock units scheduled to vest on the earlier of May 2, 2026 or the date of the next annual meeting of Smurfit Westrock plc’s stockholders.

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
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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^*

Rasmussen Jorgen Buhl

(Last) (First) (Middle)

BEECH HILL, CLONSKEAGH

(Street)

DUBLIN 4 L2 D04 N2R2

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/18/2025

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

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

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

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	12/18/2025		A		48	A	$0(1)	12,325(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 $0.4308 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 4,371 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 Jorgen Buhl Rasmussen)	12/19/2025
	** 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.

FAQ

What insider transaction did Smurfit Westrock (SW) disclose in this Form 4?

The filing reports that a director of Smurfit Westrock plc acquired 48 ordinary shares on 12/18/2025 through restricted stock units that accrued as dividend equivalents.

How were the 48 Smurfit Westrock (SW) shares received by the director?

The 48 ordinary shares arose from restricted stock units that accrued as dividend equivalents in connection with a quarterly dividend of $0.4308 per ordinary share, and each restricted stock unit represents one ordinary share.

How many Smurfit Westrock (SW) shares does the director own after this transaction?

Following the reported transaction, the director beneficially owns 12,325 ordinary shares of Smurfit Westrock plc, held as direct ownership.

What portion of the director’s Smurfit Westrock (SW) holdings are unvested restricted stock units?

The reported holdings include 4,371 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.

What does each restricted stock unit represent for Smurfit Westrock (SW)?

Each restricted stock unit described in the filing represents the right to receive one ordinary share of Smurfit Westrock plc, subject to the terms and conditions of the award.

Was the reported Smurfit Westrock (SW) transaction a sale or an acquisition by the director?

The Form 4 shows the director had an acquisition of 48 ordinary shares (reported as code A) rather than a sale, and the ownership is listed as direct (D).