FergusonMchugh MaryLynn 4
Research Summary
AI-generated summary
Smurfit Westrock (SW) Director MaryLynn FergusonMchugh Receives Award
What Happened
- Director MaryLynn FergusonMchugh was granted 51 restricted stock units (RSUs) on 2026-06-10. Each RSU represents the right to receive one ordinary share. The award was recorded at $0.00 per unit (total cash value $0) and was issued as dividend equivalents tied to the company's quarterly dividend.
Key Details
- Transaction date: 2026-06-10; Filing date (Form 4): 2026-06-12 (appears timely under the two-business-day Form 4 rule).
- Grant: 51 RSUs @ $0.00 per RSU; total cash consideration $0.
- Footnote F1: RSUs were granted as dividend equivalents from a quarterly dividend of $0.4523 per ordinary share and are subject to the same terms as the underlying award.
- Footnote F2: Filing notes inclusion of 4,489 RSUs that will vest on the earlier of (i) May 1, 2027 or (ii) the date of the next annual meeting.
- Shares owned after the transaction are not specified in the provided summary of the filing.
Context
- RSU grants are awards, not open-market purchases or sales; they are common as compensation and don't necessarily signal the insider's near-term trading intent.
- Dividend-equivalent RSUs simply convert dividend payouts into additional RSUs subject to the award's vesting/forfeiture terms; vested RSUs convert to ordinary shares when they vest.