Page Irene 4
4 · Smurfit Westrock plc · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Smurfit Westrock CAO Page Irene Receives RSU Award
What Happened
Page Irene, Chief Accounting Officer of Smurfit Westrock plc (SW), received a total of 199 restricted stock units (RSUs) related to an award and accrued dividend equivalents: 37 RSUs were granted on 2026-03-18 and 162 RSUs were credited as dividend-equivalent derivative RSUs (acquired 2026-03-18). To satisfy tax withholding on the settled dividend equivalents, 7 ordinary shares were withheld/disposed on 2026-03-19 at $38.58 per share (≈ $270).
Key Details
- Transaction dates: RSU grant and dividend-equivalent accrual on 2026-03-18; tax-withholding share disposition on 2026-03-19. Form filed 2026-03-20.
- Prices/values: RSUs granted at $0.00 (standard for awards). Withheld shares disposed at $38.58 each, totaling ~$270.
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F1: The 162 RSUs reflect dividend equivalents accrued from the issuer's $0.4523 quarterly dividend; each RSU converts to one ordinary share.
- F2: 7 ordinary shares were withheld to satisfy tax withholding on those dividend equivalents, which vested/settled on 2026-03-19 (they were associated with RSUs that had vested on 2026-03-12).
- F3: The filing also notes 14,046 restricted stock units that vest and are due to be settled in February 2027.
- Filing timeliness: Form 4 was filed 2026-03-20 for transactions on 3/18–3/19 (within the typical 2‑business‑day reporting window).
Context
This report records an award/settlement of RSUs and routine tax-withholding (F code: tax withholding). Dividend-equivalent RSUs are a derivative credit that convert to ordinary shares at vest/settlement; withholding of shares to cover taxes is a common administrative step and does not by itself indicate a buy/sell investment decision.
Insider Transaction Report
- Award
Ordinary Shares
[F1]2026-03-18+37→ 62,679 total - Tax Payment
Ordinary Shares
[F2]2026-03-19$38.58/sh−7$270→ 62,672 total - Award
Restricted Stock Units (PSP)
[F1][F3]2026-03-18+162→ 14,046 totalExercise: $0.00→ Ordinary Shares (162 underlying)
Footnotes (3)
- [F1]In accordance with the terms of the restricted stock unit award, additional restricted stock units accrued as dividend equivalents in connection with the Issuer's payment of a quarterly dividend of $0.4523 per ordinary share. Such additional restricted stock units are subject to the same terms and conditions as the underlying award. Each restricted stock unit represents the right to receive one ordinary share.
- [F2]Reflects ordinary shares of Smurfit Westrock plc withheld to satisfy the reporting person's tax withholding obligation upon the vesting and settlement of dividend equivalents, which accrued on 18 March 2026. Since these dividend equivalents were associated with restricted stock units that vested and settled on 12 March 2026, the dividend equivalents immediately vested and settled on 19 March 2026 in accordance with the terms of the associated restricted stock unit award.
- [F3]The 14,046 restricted stock units vest and are due to be settled in February 2027.