BERNLOHR TIMOTHY J 4
Research Summary
AI-generated summary
Smurfit Westrock (SW) Director Timothy Bernlohr Receives RSU Award
What Happened Timothy J. Bernlohr, a director of Smurfit Westrock plc (SW), was granted 51 restricted stock units (RSUs) on June 10, 2026. The Form 4 reports the award at $0.00 per share (no cash paid). This was an award/grant (not a purchase or sale) representing a non-cash compensation event tied to dividend equivalents.
Key Details
- Transaction date: 2026-06-10; Transaction type: Award/Grant (code A); Amount: 51 RSUs @ $0.00 (total reported cash = $0).
- Shares owned after transaction: Not specified in the provided filing.
- Footnote F1: These RSUs accrued as dividend equivalents from a quarterly dividend of $0.4523 per ordinary share and are subject to the same terms as the underlying award; each RSU represents the right to one ordinary share.
- Footnote F2: Notes the existence of 4,489 RSUs that will vest on the earlier of (i) May 1, 2027 or (ii) the date of the next annual meeting of stockholders.
- Filing timeliness: The Form 4 was filed on 2026-06-12 for a 2026-06-10 transaction and is not indicated as late.
Context RSU grants and dividend-equivalent RSUs are common executive/director compensation and do not involve an immediate market purchase or sale. Each RSU converts to one ordinary share upon vesting; vesting schedules and any holding requirements determine when those shares enter the market or the insider’s beneficial ownership.