Bowles Ken 4

What Happened

• Ken Bowles, Executive VP, Group CFO and director of Smurfit Westrock plc (SW), was granted 303 restricted stock units (RSUs) on May 15, 2026. The RSUs were issued at $0.00 (no cash paid) and each RSU represents the contingent right to receive one ordinary share. This is an award/grant (compensation/dividend-equivalent accrual), not a purchase or sale.

Key Details

• Transaction date and price: May 15, 2026; 303 RSUs @ $0.00.
• Shares owned after transaction: Filing notes 38,456 existing RSU awards and the addition of 303 RSUs from this accrual (these RSUs are contingent and subject to vesting).
• Notable footnotes:
  • F1: The 303 RSUs were issued as dividend equivalents based on the issuer’s quarterly dividend of $0.4523 per ordinary share; such accruals follow the same terms as the underlying award.
  • F2: The referenced RSU program includes 38,456 RSUs that vest in three equal annual installments beginning on the first anniversary of the grant date.
• Filing timeliness: Report filed May 19, 2026 for a May 15, 2026 transaction (filed 4 days after the transaction), which may be later than the typical Form 4 deadline.

Context

• These RSUs are compensation/dividend-equivalent awards and do not involve an open-market purchase or sale. Each RSU is a contingent right to receive one share upon vesting; vesting schedule noted in footnote F2. Such awards are common for executive compensation and reflect pay-related grants rather than direct trading sentiment.