Smurfit Westrock LATAM CEO Receives Dividend Equivalent Share Accruals

Insider Filing Analysis: Smurfit Westrock plc ($SW)

Executive Summary

On September 14, 2026, Alvaro Henao, President and Chief Executive Officer of LATAM at Smurfit Westrock plc, reported the acquisition of dividend equivalent shares and restricted stock units via SEC Form 4. The transactions took place on September 10, 2026.

Transaction Overview

• Security: Ordinary Shares & Restricted Stock Units (PSP)
• Transaction Code: A (Award/Grant)
• Shares Acquired:
  • 35 Ordinary Shares (non-derivative) at $0.00 per share.
  • 208 Restricted Stock Units (PSP) (derivative) at $0.00 conversion price.
• Direct Ownership Post-Transaction: 72,871 Ordinary Shares and 19,703 Restricted Stock Units (PSP).
• Nature of Acquisition: Accrual of dividend equivalents resulting from the Issuer's quarterly dividend payout of $0.4523 per ordinary share.

Market & Trading Significance

This filing represents routine corporate equity plan administration rather than a discretionary market purchase or sale. The additions are automatic dividend equivalent accruals attached to existing restricted stock unit awards and do not reflect new directional market sentiment by the insider.