Fairweather Carol 4
Research Summary
AI-generated summary
Smurfit Westrock (SW) Director Carol Fairweather Receives Award
What Happened
Carol Fairweather, a director of Smurfit Westrock plc (SW), was credited with 51 restricted stock units (RSUs) on June 10, 2026. The Form 4 reports this as an award/acquisition (code A) at $0.00 per share (total reported value $0). The filing notes these RSUs were granted as dividend equivalents tied to the issuer's quarterly dividend and are subject to the same terms as the underlying awards.
Key Details
- Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (timely filing).
- Security/transaction: 51 restricted stock units acquired; price reported $0.00; total $0.
- Transaction type: Award/grant (code A) — not an open-market purchase or sale.
- Footnote F1: These 51 RSUs accrued as dividend equivalents from a $0.4523 quarterly dividend and carry the same terms/conditions as the underlying RSU awards; each RSU represents the right to receive one ordinary share.
- Footnote F2: Filing also references 4,489 RSUs that will vest on the earlier of May 1, 2027 or the date of the next annual meeting.
- Shares owned after transaction: Not specified in the provided filing summary.
Context
RSUs are compensation awards that generally convert into shares only after vesting; they do not represent an immediate cash purchase or sale and are common as director/executive pay. Because this transaction is an award of dividend-equivalent RSUs (not a purchase), it should be viewed as a routine compensation-related grant rather than a direct market signal of the insider’s view on the stock.