Rasmussen Jorgen Buhl 4

What Happened
Jorgen Buhl, a director of Smurfit Westrock plc (SW), was granted 51 restricted stock units (RSUs) on June 10, 2026. The Form 4 reports the acquisition at $0.00 (award) — the grant itself had no cash price reported. Each RSU represents the right to receive one ordinary share and the 51 units were credited as dividend equivalents tied to the company's quarterly dividend.

Key Details

• Transaction date: 2026-06-10; Form 4 filed 2026-06-12 (timely filing).
• Transaction type/code: Award/Grant (A). Quantity: 51 RSUs; price reported: $0.00; reported dollar value: $0.
• Shares owned after transaction: not specified in the filing. The filing notes (F2) reference 4,489 RSUs that will vest on the earlier of May 1, 2027 or the date of the next annual meeting.
• Footnote summary: (F1) these 51 RSUs were dividend equivalents from the quarterly dividend of $0.4523 per share and are subject to the same terms as the underlying award; (F2) some RSUs in the insider’s balance vest by May 1, 2027 or at the next annual meeting.
• No sale, purchase, 10b5‑1 plan, tax withholding sale, or late filing indicated.

Context
RSU awards are compensation, not open‑market purchases or sales; they typically reflect routine director compensation or dividend crediting rather than a direct bullish or bearish signal. Because these units are subject to vesting and conversion to shares later, they do not immediately increase freely tradable shares. Retail investors often weigh purchases/sales more heavily than routine awards when assessing insider sentiment.