Bowles Ken 4

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.