Garren Ben 4

What Happened

• Garren Ben, Executive Vice President and Group General Counsel of Smurfit Westrock plc (SW), received an award of 90 restricted stock units (RSUs) on 2026-03-18 (reported as acquisition at $0.00).
• On 2026-03-19, 9 ordinary shares were withheld/disposed to satisfy the tax withholding obligation related to dividend-equivalent RSUs, reported at $38.58 per share (total withheld ≈ $347).

Key Details

• Transaction dates: RSU award 2026-03-18; tax withholding 2026-03-19.
• Prices reported: RSUs granted at $0.00 (award); withholding reported at $38.58/share (total ≈ $347).
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnotes: Dividend equivalents accrued as additional RSUs tied to the issuer’s quarterly dividend ($0.4523/share); those dividend-equivalent RSUs vested/settled immediately on 2026-03-19 and were subject to the same terms as the underlying award. The 9 shares withheld satisfied the reporting person’s tax withholding obligation.
• Filing timeliness: Form filed 2026-03-20 for transactions on 2026-03-18 and 2026-03-19 — appears to be a timely filing.

Context

• This was an equity award (RSUs and dividend equivalents), not an open-market purchase or sale for investment. The withholding of shares to cover taxes is a routine administrative step and does not necessarily signal a change in sentiment.