Henao Alvaro 4

What Happened Alvaro Henao, President and Chief Executive Officer, LATAM for Smurfit Westrock plc (SW), was granted 7,257 restricted stock units (RSUs) on March 11, 2026. Each RSU represents a contingent right to one ordinary share; the award carries a $0.00 acquisition price on the Form 4 and is scheduled to vest in three equal annual installments beginning on the first anniversary of the grant. On March 12, 2026, 641 ordinary shares were withheld (disposed) to satisfy the tax withholding obligation upon vesting/settlement, reported at $42.20 per share for a total of $27,050. The grant is an award (A) and the share withholding is a tax-withholding disposition (F), which is a routine administrative transaction rather than an open-market purchase or sale.

Key Details

• Transaction dates: Grant on 2026-03-11 (RSUs); tax withholding on 2026-03-12 (641 shares @ $42.20, $27,050).
• Grant size: 7,257 RSUs; vest in three equal annual installments beginning 1st anniversary.
• Tax withholding: 641 shares withheld to cover tax liability (Form 4 code F).
• Price shown: RSUs recorded at $0.00 (award); withholding reported at $42.20/share.
• Shares owned after transaction: Not reported in the provided Form 4 filing.
• Filing: Form 4 filed 2026-03-13 — appears to be timely.

Context

• RSUs are not the same as exercised options; they represent a contingent right to receive shares upon vesting. The withholding of shares to cover taxes is routine and does not by itself indicate a change in insider sentiment. Purchases tend to be more informative for bullish signals; this filing primarily reflects executive compensation and standard tax withholding.