Henao Alvaro 4
4 · Smurfit Westrock plc · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Smurfit Westrock (SW) LATAM CEO Alvaro Henao Receives RSU Award
What Happened Alvaro Henao, President and Chief Executive Officer, LATAM, received restricted stock unit (RSU) awards and related dividend-equivalent shares tied to Smurfit Westrock plc. On 2026-03-18 he was credited with 57 ordinary shares (acquired at $0.00) and 223 derivative RSUs (acquired at $0.00), for a total of 280 units. On 2026-03-19 eight ordinary shares were withheld/disposed to satisfy tax withholding at $38.58 per share, totaling $309. These awards and dividend equivalents were issued as part of compensation, not an open-market purchase.
Key Details
- Transaction dates and prices:
- 2026-03-18: 57 shares acquired @ $0.00 (ordinary); 223 derivative RSUs acquired @ $0.00.
- 2026-03-19: 8 shares disposed (tax withholding) @ $38.58 = $309.
- Shares owned after transaction: not disclosed in the Form 4 filing.
- Notable footnotes:
- F1: Additional RSUs accrued as dividend equivalents tied to the quarterly dividend ($0.4523/share); each RSU = right to one ordinary share.
- F2: The 8 shares were ordinary shares withheld to satisfy tax withholding when those dividend-equivalent RSUs vested/settled.
- F3: A separate grant of 19,272 RSUs is scheduled to vest and be settled in February 2027.
- Filing timeliness: Reported on 2026-03-20 for transactions on 2026-03-18/19 — filed within the usual two-business-day Form 4 window.
Context
- These transactions are compensatory (RSUs and dividend equivalents) rather than open-market buys or voluntary sales. The small “disposal” (8 shares) reflects routine tax withholding (code F), not a market-sale signal.
- The 223 RSUs listed as derivative indicate rights to receive ordinary shares under the award terms upon vesting/settlement. The larger 19,272 RSU grant noted will vest in Feb 2027 per the filing.
Insider Transaction Report
Form 4
Henao Alvaro
See remarks
Transactions
- Award
Ordinary Shares
[F1]2026-03-18+57→ 72,652 total - Tax Payment
Ordinary Shares
[F2]2026-03-19$38.58/sh−8$309→ 72,644 total - Award
Restricted Stock Units (PSP)
[F1][F3]2026-03-18+223→ 19,272 totalExercise: $0.00→ Ordinary Shares (223 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 19,272 restricted stock units vest and are due to be settled in February 2027.
Signature
/s/ Ciara O'Riordan (attorney-in-fact for Alvaro Henao)|2026-03-20