Smurfit Westrock GC granted 56 stock units

Smurfit Westrock plc (symbol: SW) is the issuer of record for a Form 4 filing submitted to the SEC.

Rhea-AI Filing Summary

Smurfit Westrock plc (symbol: SW) is the issuer of record for a Form 4 filing submitted to the SEC. Garren Ben reported acquisition or exercise transactions in this Form 4 filing.

Smurfit Westrock plc (SW) reported that Executive Vice President and General Counsel Ben Garren received an automatic grant of 56 restricted stock units on September 10, 2026. These additional units accrued as dividend equivalents linked to a quarterly dividend and carry the same terms as the underlying equity award.

After this grant, Garren holds 14,996 ordinary-share equivalents, including 13,168 restricted stock units that are scheduled to vest in three equal annual installments. Each restricted stock unit represents the right to receive one ordinary share, and no Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Grant/Award: 56 shares

Grant/Award 1 txn

Insider Garren Ben

Role See remarks

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares F1, F2	56	$0.00	$0.00

Holdings After Transaction: Ordinary Shares — 14,996 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Includes 13,168 restricted stock units which are scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date.

Key Figures

Restricted stock units acquired: 56 units Price per unit: $0.00 per unit Total holdings after transaction: 14,996 ordinary-share equivalents +2 more

5 metrics

Restricted stock units acquired 56 units Additional restricted stock units accrued as dividend equivalents on September 10, 2026

Price per unit $0.00 per unit Grant, award, or other acquisition of restricted stock units

Total holdings after transaction 14,996 ordinary-share equivalents Ben Garren’s direct holdings following the September 10, 2026 transaction

Restricted stock units scheduled to vest 13,168 units Included in holdings and scheduled to vest in three equal annual installments

Quarterly dividend per ordinary share $0.4523 per share Dividend that generated additional restricted stock units as dividend equivalents

Key Terms

restricted stock units, dividend equivalents, quarterly dividend, Rule 10b5-1

4 terms

restricted stock units financial

"Includes 13,168 restricted stock units which are scheduled to vest"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend equivalents financial

"restricted stock units accrued as dividend equivalents in connection"

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.

quarterly dividend financial

"payment of a quarterly dividend of $0.4523 per ordinary share"

A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported for this transaction"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider equity award did Smurfit Westrock (SW) report for Ben Garren?

Smurfit Westrock reported that Executive Vice President and General Counsel Ben Garren received 56 additional restricted stock units on September 10, 2026. These units accrued automatically as dividend equivalents tied to the company’s quarterly dividend and follow the same terms as his existing restricted stock award.

How many Smurfit Westrock (SW) shares or units does Ben Garren hold after this Form 4?

After the reported transaction, Ben Garren holds 14,996 ordinary-share equivalents of Smurfit Westrock, including 13,168 restricted stock units that are scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date.

What triggered the 56 additional restricted stock units reported for Smurfit Westrock (SW)?

The 56 additional restricted stock units accrued as dividend equivalents under the terms of Garren’s restricted stock unit award, in connection with Smurfit Westrock’s payment of a $0.4523 quarterly dividend per ordinary share. They are subject to the same terms and conditions as the underlying award.

Are the new Smurfit Westrock (SW) restricted stock units immediately vested?

The filing states that Garren’s holdings include 13,168 restricted stock units scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date. The additional 56 units are subject to the same terms and conditions as the underlying award.

Was Ben Garren’s Smurfit Westrock (SW) transaction under a Rule 10b5-1 plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmatively marked, and there is no footnote stating that the September 10, 2026 transaction was executed pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 11:25 AM Accepted by SEC EDGAR 09/14/2026 - 11:25 AM Learn about SEC filing dates

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^*

Garren Ben

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

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	09/10/2026		A		56	A	$0(1)	14,996(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 13,168 restricted stock units which are scheduled to vest in three equal annual installments beginning on the first anniversary of the grant date.

Remarks:

Executive Vice President and General Counsel

	/s/ Ciara O'Riordan (attorney-in-fact for Ben Garren)	09/14/2026
	** 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)