Rasmussen Jorgen Buhl 4

What Happened
Jorgen Buhl Rasmussen, a director of Smurfit Westrock plc (SW), was granted 4,438 restricted stock units (RSUs) on May 1, 2026 (award code A). On the same date 2,123 ordinary shares were withheld/disposed to satisfy tax withholding at $38.39 per share, netting a withholding value of $81,502 (code F). The RSU grant itself shows an acquisition price of $0.00 because it is an award, not a purchase.

Key Details

• Transaction dates: May 1, 2026 (grant and withholding); Form 4 filed May 5, 2026 (timely).
• Grant: 4,438 RSUs (each RSU represents a contingent right to one ordinary share).
• Withheld/Disposed: 2,123 shares @ $38.39 = $81,502 to satisfy tax withholding upon vesting/settlement.
• Shares owned after the transaction: Not specified in this filing.
• Footnotes: F1 — RSUs vest on the earlier of (i) the first anniversary of grant or (ii) the next annual shareholders’ meeting. F2 — The 2,123 shares were withheld to satisfy the Reporting Person’s tax withholding obligation upon vesting/settlement of RSUs.
• Filing timeliness: Filed May 5, 2026; appears timely under Form 4 rules.

Context
This was an equity award (RSUs) combined with routine tax-withholding—not an open-market purchase or deliberate sale signaling investment direction. RSUs are a form of compensation that convert to ordinary shares upon vesting; withholding of shares to cover taxes is a common administrative action and does not necessarily reflect a decision to liquidate other holdings.