Sellier Laurent 4

What Happened
Laurent Sellier, President & CEO, North America (including Mexico) for Smurfit Westrock plc, had 47,691 ordinary shares issued upon vesting/settlement of long‑term awards on Feb 13, 2026 (37,885 + 9,806). Of those, 15,926 shares were withheld to satisfy tax withholding obligations at $51.42 per share, equal to about $818,915. The remaining shares were delivered to Sellier; the vesting related to awards originally granted on September 22, 2023.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-17 (filed within the required reporting window).
• Vesting/conversion: 47,691 shares acquired at $0 cost (performance and deferred bonus awards converting to ordinary shares).
• Tax withholding: 15,926 shares withheld at $51.42/share for taxes, totaling ~$818,915.
• Gross market value of vested shares (approx.): 47,691 × $51.42 ≈ $2.45M.
• Shares owned after transaction: Not specified in this filing.
• Footnotes: Awards relate to the performance share plan and deferred bonus plan (granted 9/22/2023); withheld shares used to satisfy tax obligations on vesting (routine).
• Transaction codes: M = conversion/exercise of derivative awards (vesting/settlement), F = shares withheld for taxes.

Context
This was not an open‑market sale but the normal vesting/settlement of incentive awards, with a portion of shares withheld to cover taxes — a routine administrative step that does not necessarily signal a change in insider sentiment. For retail investors, purchases or net buys are generally more informative than withholding sales; here the primary event is receipt of vested awards rather than a discretionary sale.