Smurfit Westrock (SW) Garren Ben Receives RSU Award

What Happened Garren Ben, Executive Vice President and Group General Counsel of Smurfit Westrock plc, was granted 7,701 restricted stock units (RSUs) on 2026-03-11 (reported on Form 4). The filing also shows 758 ordinary shares were withheld on 2026-03-12 to satisfy a tax withholding obligation, valued at $42.20 per share for a total of $31,988. The RSUs are a compensation award (transaction code A); the withholding is shown under transaction code F.

Key Details

• Transaction dates: Grant 2026-03-11 (A); tax withholding 2026-03-12 (F). Form filed 2026-03-13 (timely).
• Grant: 7,701 RSUs (each RSU represents a contingent right to one ordinary share).
• Tax withholding: 758 ordinary shares withheld at $42.20/share = $31,988.
• Vesting: RSUs scheduled to vest in three equal annual installments beginning on the first anniversary of the grant (per footnote).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 describes the RSU grant and vesting schedule; F2 explains the withheld shares satisfy tax withholding upon vesting/settlement.

Context RSUs are a form of equity compensation (an award), not an open‑market purchase or sale; they indicate compensation rather than a direct bullish purchase signal. The withheld shares reflect routine tax withholding when RSUs are settled; this filing does not, by itself, indicate a change in the insider’s market view.