Henao Alvaro 4

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.