Mayer Saverio 4
4 · Smurfit Westrock plc · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Smurfit Westrock (SW) Mayer Saverio Receives Awards; 24,436 Shares Withheld
What Happened
Mayer Saverio, President & Chief Executive Officer, Europe, MEA and APAC at Smurfit Westrock plc, received a total of 56,827 ordinary shares on vesting and settlement of performance share plan and deferred bonus plan awards on Feb 13, 2026. To satisfy tax withholding obligations, 24,436 of those shares were withheld/disposed at $51.42 per share for a withholding value of $1,256,499. The underlying awards were converted into ordinary shares upon vesting (derivative exercise/settlement), not an open-market purchase or a voluntary sale.
Key Details
- Transaction date: 2026-02-13; Form 4 filed 2026-02-17 (filed within required reporting window).
- Awards vested/converted to shares: 44,539 (performance shares) + 12,288 (deferred bonus) = 56,827 shares acquired at $0 (derivative conversion).
- Tax withholding/disposition: 24,436 shares withheld at $51.42/share = $1,256,499 (reported as code F).
- Footnotes: F1–F2 = vesting/settlement of performance share and deferred bonus awards; F3 = shares withheld to satisfy tax withholding; F4 = awards granted 22 Sep 2023.
- Shares owned after the transaction: not specified in the filing.
Context
This was the routine vesting and settlement of equity awards with shares withheld to satisfy tax obligations (a cashless-type settlement), not an open-market sale or an outright purchase that signals a trading view. Derivative items reported (code M) reflect conversion/exercise of award rights into ordinary shares; the withholding (code F) reflects payment of tax via share retention.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
[F1]2026-02-13+44,539→ 234,278 total - Exercise/Conversion
Ordinary Shares
[F2]2026-02-13+12,288→ 246,566 total - Tax Payment
Ordinary Shares
[F3]2026-02-13$51.42/sh−24,436$1,256,499→ 222,130 total - Exercise/Conversion
Restricted Stock Units (PSP)
[F4]2026-02-13−44,539→ 36,788 totalExercise: $0.00→ Ordinary Shares (44,539 underlying) - Exercise/Conversion
Restricted Stock Units (DBP)
[F4]2026-02-13−12,288→ 10,907 totalExercise: $0.00→ Ordinary Shares (12,288 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.