Garren Ben 4

What Happened
Garren Ben, Executive Vice President and Group General Counsel of Smurfit Westrock plc (SW), was granted 92 restricted stock units (RSUs) on 2026-05-15 as dividend equivalents. The RSUs were recorded at $0.00 per unit (no cash paid) — total reported value $0. Each RSU represents the contingent right to receive one ordinary share.

Key Details

• Transaction date: 2026-05-15; Form 4 filed on 2026-05-19 (filed timely).
• Transaction type/code: Award/Grant (A). Price reported: $0.00. Quantity: 92 RSUs.
• Footnote F1: These 92 RSUs were credited as dividend equivalents based on the issuer’s quarterly dividend of $0.4523 per ordinary share; they carry the same terms as the underlying award.
• Footnote F2: The filing also references 12,981 RSU awards in total; those RSUs vest in three equal annual installments beginning on the first anniversary of the grant date.
• Resulting beneficial ownership after the award: not specified in the provided summary.

Context
Dividend-equivalent RSUs are additional RSUs credited in lieu of cash dividends and do not require an insider purchase. They are an award, not a sale or open-market purchase, and are generally driven by company compensation/dividend policy rather than a direct trading signal. These RSUs are subject to the same vesting conditions as the underlying awards and convert to ordinary shares only if/when vested.