Page Irene 4
Research Summary
AI-generated summary
Smurfit Westrock (SW) CAO Irene Page Receives 22,109 Shares
What Happened
- Irene Page, Chief Accounting Officer of Smurfit Westrock plc, had performance-share and deferred-bonus awards vest and settle on 2026-02-13, resulting in the acquisition of 22,109 ordinary shares (16,808 + 5,301) at $0.00 per share. To satisfy tax withholding obligations, 11,542 shares were transferred/disposed at $51.42 per share for a total withholding value of $593,490. Net shares retained by Page after withholding: 10,567 shares.
Key Details
- Transaction date: 2026-02-13; Form 4 filed 2026-02-17.
- Acquisitions: 22,109 shares upon vesting/settlement (recorded as derivative conversions/exercises, code M) at $0.00 (these were award settlements, not open-market purchases).
- Withholding: 11,542 shares withheld to satisfy tax liability (code F) at $51.42/share, totaling $593,490.
- Awards referenced: deferred bonus plan awards and performance share plan awards, granted 22 September 2023 (per filing footnotes).
- Post-transaction beneficial ownership: not specified in the provided filing data.
- Timeliness: filing date is 2026-02-17; no late-filing flag was provided in the supplied data.
Context
- These transactions reflect award vesting and settlement (awards convertible to ordinary shares) and share withholding to cover taxes — a routine corporate compensation event, not an open-market sale or purchase.
- For clarity: code M entries represent conversion/exercise of awards into shares; code F entries represent shares withheld to satisfy tax withholding. This is effectively a cashless settlement for the tax amount.