What is the nature of the 51-share award reported for Smurfit Westrock (SW)?

The 51-share award is a restricted stock unit grant accrued as dividend equivalents tied to a quarterly dividend of $0.4523 per ordinary share. Each restricted stock unit represents the right to receive one ordinary share under the same terms as the underlying award.

Smurfit Westrock director granted 51 RSUs

Smurfit Westrock plc director Carol Fairweather received an equity grant of 51 ordinary shares on March 18, 2026, as a restricted stock unit award.

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Rhea-AI Filing Summary

Smurfit Westrock plc director Carol Fairweather received an equity grant of 51 ordinary shares on March 18, 2026, as a restricted stock unit award. The shares were granted at no cash cost as part of director compensation and increase her direct holdings to 9,230 ordinary shares.

Footnotes explain that the 51 units accrued as dividend equivalents tied to a quarterly dividend of $0.4523 per ordinary share, and each unit converts into one ordinary share. Her position includes 4,422 restricted stock units scheduled to vest on the earlier of May 2, 2026, or the next annual meeting of Smurfit Westrock plc stockholders.

Insider Trade Summary

Grant/Award: 51 shares

Grant/Award 1 txn

Insider Fairweather Carol

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	51	$0.00	$0.00

Holdings After Transaction: Ordinary Shares — 9,230 shares (Direct)

Footnotes (2)

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.
F2. 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.

FAQ

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What insider transaction did Smurfit Westrock (SW) report for Carol Fairweather?

Smurfit Westrock reported that director Carol Fairweather received a grant of 51 restricted stock units on March 18, 2026. These units were awarded at no cash cost as compensation and increase her direct holdings to 9,230 ordinary shares in total.

How many Smurfit Westrock (SW) shares does Carol Fairweather hold after this Form 4?

After the March 18, 2026 award, Carol Fairweather directly holds 9,230 ordinary shares of Smurfit Westrock. This total includes restricted stock units that convert into ordinary shares, reflecting both previously granted and the newly accrued dividend-equivalent units.

When will Carol Fairweather’s Smurfit Westrock (SW) restricted stock units vest?

A portion of Carol Fairweather’s holdings includes 4,422 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 stockholders, subject to the original award’s terms and conditions.

Was the Smurfit Westrock (SW) Form 4 transaction a market purchase or compensation grant?

The Form 4 transaction reflects a compensation-related grant, not a market purchase. Carol Fairweather received 51 restricted stock units as a grant or award at a stated price of zero, consistent with equity compensation for her role as a director of Smurfit Westrock.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/20/2026 - 01:15 PM

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^*

Fairweather Carol

(Last)

(First)

(Middle)

BEECH HILL, CLONSKEAGH

(Street)

DUBLIN 4

D04 N2R2

(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
	Officer (give title below)	Other (specify below)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	03/18/2026		A		51	A	$0⁽¹⁾	9,230⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 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.

Remarks:

	/s/ Ciara O'Riordan, attorney-in-fact pursuant for Carol Fairweather	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)

Source: View Original Filing on SEC EDGAR