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Smurfit Westrock plc·4

Mar 20, 1:27 PM ET

Mayer Saverio 4

Research Summary

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Smurfit Westrock Mayer Saverio (President EMEA/APAC) Receives RSU Award

What Happened

  • Mayer Saverio, President and Chief Executive Officer, Europe, MEA and APAC for Smurfit Westrock plc, received restricted stock unit (RSU) awards and related dividend-equivalent RSUs. On 2026-03-18 he was credited with 190 RSUs (acquired, $0.00 per share) and 431 derivative RSUs (acquired, $0.00). On 2026-03-19, 28 ordinary shares were withheld to satisfy tax withholding at $38.58 per share, a withholding value of $1,080.
  • These awards include dividend equivalents tied to the company’s quarterly dividend ($0.4523 per ordinary share) and are subject to the RSU plan terms.

Key Details

  • Transaction dates and prices:
    • 2026-03-18: 190 RSUs granted/acquired at $0.00 (award)
    • 2026-03-18: 431 derivative RSUs granted/acquired at $0.00 (award/derivative)
    • 2026-03-19: 28 shares withheld for tax at $38.58 each (total $1,080) — tax withholding reported as a disposition (F)
  • Shares owned after transaction: not specified in the provided excerpt of the filing.
  • Notable footnotes:
    • F1: Additional RSUs accrued as dividend equivalents in connection with the $0.4523 quarterly dividend; each RSU equals the right to one ordinary share.
    • F2: 28 ordinary shares were withheld to satisfy the reporting person’s tax withholding obligation related to dividend-equivalent RSUs that vested/settled on 12 March 2026 and were withheld on 19 March 2026.
    • F3: A separate block of 37,219 restricted stock units is noted to vest and be due for settlement in February 2027.
  • Filing timeliness: Form 4 was filed on 2026-03-20 for transactions dated 2026-03-18; this appears to be timely (within the standard two-business-day window).

Context

  • These transactions are compensation-related (RSU awards and dividend equivalents) rather than open-market purchases or sales; the 28-share disposition is a routine tax-withholding action, not a market sale for investment purposes.
  • Derivative/RSU entries mean Saverio has the right to receive shares under the company’s equity plan; larger future vesting (37,219 RSUs due Feb 2027) could result in further share issuance or withholding when settled.