Bowles Ken 4

What Happened

• Ken Bowles, Executive VP & Group CFO and a director of Smurfit Westrock plc, was granted restricted stock units (RSUs) on June 10, 2026. The Form 4 reports two award entries: 150 RSUs acquired at $0.00 and 490 RSUs acquired at $0.00 (the latter recorded as a derivative award representing dividend equivalents). Each RSU represents the right to receive one ordinary share; the reported acquisition value is $0 (typical for equity awards).

Key Details

• Transaction date: June 10, 2026; Form 4 filed June 12, 2026 (timely filing).
• Grants: 150 RSUs (award) and 490 RSUs (dividend‑equivalent RSUs) — 640 RSUs total.
• Price/Value: $0.00 per unit as reported (non‑cash equity award); no cash exchanged.
• Shares owned after transaction: not specified in the provided details of this summary.
• Footnotes of note:
  • F1: The 490 units are dividend equivalents tied to the issuer’s quarterly dividend ($0.4523/share) and carry the same terms as the underlying awards.
  • F2: Includes 38,606 RSUs scheduled to vest in three equal annual installments starting on the first anniversary of the grant date.
  • F3: 42,770 RSUs vesting and due to settle in February 2027.
• Transaction code: "A" — Award/Grant. Not a purchase or sale.

Context

• RSU awards are compensation, not open‑market purchases; they represent future shares subject to vesting conditions and are a standard part of executive pay.
• The derivative entry (490 RSUs) simply reflects additional RSUs credited as dividend equivalents and does not indicate an additional cash payment.
• Because this is an award (not a sale), it should be interpreted as routine compensation rather than a direct market sentiment signal.