Mayer Saverio 4

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.