Bowles Ken 4
4 · Smurfit Westrock plc · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Smurfit Westrock (SW) CFO Ken Bowles Receives Awards, Sells Shares
What Happened Ken Bowles, Executive Vice President & Group CFO and a director of Smurfit Westrock plc, had 64,751 shares vest and convert from awards on Feb 13, 2026. Of those, 33,801 ordinary shares were withheld to satisfy tax withholding at a reported price of $51.42 per share, producing proceeds of $1,738,047. The Form 4 reports the conversion/exercise of derivative awards (codes M) into common stock and a tax-withholding disposition (code F).
Key Details
- Transaction date: 2026-02-13; Form 4 filed 2026-02-17 reporting the Feb 13 transactions.
- Shares acquired on vesting/settlement: 64,751 (50,597 + 14,154).
- Shares withheld/disposed for tax: 33,801 at $51.42 — proceeds $1,738,047.
- Transaction codes: M = exercise/conversion of derivative awards; F = shares withheld to satisfy tax liability.
- Footnotes: awards were from the performance share plan and deferred bonus plan; withholding reflects tax obligations; the grants vested/settled were originally granted on 22 Sep 2023 (see F1–F4).
- Shares owned after the transaction: not reported in the filing.
Context This was vesting/settlement of equity awards with a routine withholding of shares to cover taxes (common in executive compensation). Such tax-withholding disposals are typically administrative and do not necessarily signal the insider’s view on the company’s stock. The filing shows conversion of award/derivative interests into shares and a contemporaneous withholding sale rather than an open-market sale.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
[F1]2026-02-13+50,597→ 181,291 total - Exercise/Conversion
Ordinary Shares
[F2]2026-02-13+14,154→ 195,445 total - Tax Payment
Ordinary Shares
[F3]2026-02-13$51.42/sh−33,801$1,738,047→ 161,644 total - Exercise/Conversion
Restricted Stock Units (PSP)
[F4]2026-02-13−50,597→ 41,791 totalExercise: $0.00→ Ordinary Shares (50,597 underlying) - Exercise/Conversion
Restricted Stock Units (DBP)
[F4]2026-02-13−14,154→ 14,062 totalExercise: $0.00→ Ordinary Shares (14,154 underlying)
Footnotes (4)
- [F1]Reflects the acquisition of common stock upon vesting and settlement of performance share plan awards. Each performance share plan award represents a right to receive one ordinary share of Smurfit Westrock plc upon vesting and settlement of the applicable award.
- [F2]Reflects the acquisition of common stock upon vesting and settlement of deferred bonus plan awards. Each deferred bonus plan award represents a right to receive one ordinary share of Smurfit Westrock plc upon vesting and settlement of the applicable award.
- [F3]Reflects ordinary shares of Smurfit Westrock plc withheld to satisfy the reporting persons tax withholding obligation upon vesting and settlement of deferred bonus plan awards and performance share plan awards.
- [F4]Reflects the vesting and settlement of deferred bonus plan awards granted on 22 September 2023 and performance share plan awards granted on 22 September 2023.