0002005951 5 2025-01-01 2025-12-31 0002005951 4 2025-01-01 2025-12-31 0002005951 3 2025-01-01 2025-12-31 0002005951 2 2025-01-01 2025-12-31 0002005951 1 2025-01-01 2025-12-31 0002005951 2024-01-01 2024-12-31 0002005951 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2025-01-01 2025-12-31 0002005951 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0002005951 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2025-01-01 2025-12-31 0002005951 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0002005951 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0002005951 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0002005951 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2025-01-01 2025-12-31 0002005951 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0002005951 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0002005951 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0002005951 2025-01-01 2025-12-31 iso4217:USD false 0002005951 Smurfit Westrock plc DEF 14A true The LTIP is the only plan under which we grant equity awards. During 2025, we did not grant stock options or stock option-like awards. Further, during 2025, the Compensation Committee did not take material non-public information into account when determining the timing and terms of equity incentive awards, and we did not time the disclosure of material non-public information for the purpose of affecting the value of executive compensation. During 2025, we did not grant stock options or stock option-like awards. Further, during 2025, the Compensation Committee did not take material non-public information into account when determining the timing and terms of equity incentive awards, and we did not time the disclosure of material non-public information for the purpose of affecting the value of executive compensation. Further, during 2025, the Compensation Committee did not take material non-public information into account when determining the timing and terms of equity incentive awards, and we did not time the disclosure of material non-public information for the purpose of affecting the value of executive compensation. false false false Pay Versus PerformanceAs required by Section 953(a) of the Dodd-Frank Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between “compensation actually paid” to our principal executive officer (the “PEO”) and our non-PEO named executive officers (the “Non-PEO NEOs”), and certain financial performance of the Company, calculated in a manner consistent with SEC rules as described further below. <table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:17.69%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:0.91%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.42%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:0.91%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.42%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:0.91%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:10%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:0.91%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:10.14%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:0.92%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:7.99%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.01%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:7.98%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:0.92%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.43%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:0.92%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.43%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td></tr><tr style=""><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:17.69%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10.14%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td colspan="3" style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:17.99%;background:#192857;margin:0pt;padding:0pt;">Value of Initial Fixed</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;"></td></tr><tr style=""><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:17.69%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10%;background:#192857;margin:0pt;padding:0pt;">Average</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10.14%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td colspan="3" style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:17.99%;background:#192857;border-bottom:1.5pt solid #ffffff;margin:0pt;padding:0pt;">$100 Investment Based On:(4)</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;"></td></tr><tr style=""><td style="color:#ffffff;vertical-align:bottom;width:17.69%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;">Summary</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10%;background:#192857;margin:0pt;padding:0pt;">Summary</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10.14%;background:#192857;margin:0pt;padding:0pt;">Average</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:7.99%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:2.01%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:7.98%;background:#192857;margin:0pt;padding:0pt;">Peer Group</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;"></td></tr><tr style=""><td style="color:#ffffff;vertical-align:bottom;width:17.69%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;">Compensation</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;">Compensation</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10%;background:#192857;margin:0pt;padding:0pt;">Compensation</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10.14%;background:#192857;margin:0pt;padding:0pt;">Compensation</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:7.99%;background:#192857;margin:0pt;padding:0pt;">Total</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:2.01%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:7.98%;background:#192857;margin:0pt;padding:0pt;">Total</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;"></td></tr><tr style=""><td style="color:#ffffff;vertical-align:bottom;width:17.69%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;">Table Total for</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;">Actually Paid</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10%;background:#192857;margin:0pt;padding:0pt;">Table Total for</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10.14%;background:#192857;margin:0pt;padding:0pt;">Actually Paid to</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:7.99%;background:#192857;margin:0pt;padding:0pt;">Shareholder</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:2.01%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:7.98%;background:#192857;margin:0pt;padding:0pt;">Shareholder</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;">Adjusted</td></tr><tr style=""><td style="color:#ffffff;vertical-align:bottom;width:17.69%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;">PEO</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;">to PEO</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10%;background:#192857;margin:0pt;padding:0pt;">Non-PEO NEOs</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10.14%;background:#192857;margin:0pt;padding:0pt;">Non-PEO NEOs</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:7.99%;background:#192857;margin:0pt;padding:0pt;">Return</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:2.01%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:7.98%;background:#192857;margin:0pt;padding:0pt;">Return</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;">Net Income</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;">EBITDA</td></tr><tr style=""><td style="color:#ffffff;vertical-align:bottom;width:17.69%;background:#192857;margin:0pt;padding:0pt;">Year</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"> </td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;">($)(1)</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"> </td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.42%;background:#192857;margin:0pt;padding:0pt;">($)(3)</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"> </td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10%;background:#192857;margin:0pt;padding:0pt;">($)(2)</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.91%;background:#192857;margin:0pt;padding:0pt;"> </td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:10.14%;background:#192857;margin:0pt;padding:0pt;">($)(3)</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"> </td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:7.99%;background:#192857;margin:0pt;padding:0pt;">($)</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:2.01%;background:#192857;margin:0pt;padding:0pt;"> </td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:7.98%;background:#192857;margin:0pt;padding:0pt;">($)(5)</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"> </td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;">($in millions)(6)</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:0.92%;background:#192857;margin:0pt;padding:0pt;"> </td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:9.43%;background:#192857;margin:0pt;padding:0pt;">($in millions)(7)</td></tr><tr style=""><td style="vertical-align:bottom;width:17.69%;background:#ddf1fb;margin:0pt;padding:0pt;">2025</td><td style="vertical-align:bottom;white-space:nowrap;width:0.91%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:9.42%;background:#ddf1fb;margin:0pt;padding:0pt;"> 16,429,689</td><td style="vertical-align:bottom;white-space:nowrap;width:0.91%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:9.42%;background:#ddf1fb;margin:0pt;padding:0pt;"> (726,562)</td><td style="vertical-align:bottom;white-space:nowrap;width:0.91%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:10%;background:#ddf1fb;margin:0pt;padding:0pt;"> 5,279,852</td><td style="vertical-align:bottom;white-space:nowrap;width:0.91%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:10.14%;background:#ddf1fb;margin:0pt;padding:0pt;"> 1,729,745</td><td style="vertical-align:bottom;white-space:nowrap;width:0.92%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:7.99%;background:#ddf1fb;margin:0pt;padding:0pt;"> 88.21</td><td style="vertical-align:bottom;white-space:nowrap;width:2.01%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:7.98%;background:#ddf1fb;margin:0pt;padding:0pt;"> 96.75</td><td style="vertical-align:bottom;white-space:nowrap;width:0.92%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:9.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 699</td><td style="vertical-align:bottom;white-space:nowrap;width:0.92%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:9.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 4,939</td></tr><tr style=""><td style="vertical-align:bottom;width:17.69%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;">2024</td><td style="vertical-align:bottom;white-space:nowrap;width:0.91%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:9.42%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> 21,329,257</td><td style="vertical-align:bottom;white-space:nowrap;width:0.91%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:9.42%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> 27,897,467</td><td style="vertical-align:bottom;white-space:nowrap;width:0.91%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:10%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> 5,882,218</td><td style="vertical-align:bottom;white-space:nowrap;width:0.91%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:10.14%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> 7,199,348</td><td style="vertical-align:bottom;white-space:nowrap;width:0.92%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:7.99%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> 118.10</td><td style="vertical-align:bottom;white-space:nowrap;width:2.01%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:7.98%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> 109.32</td><td style="vertical-align:bottom;white-space:nowrap;width:0.92%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:9.43%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> 319</td><td style="vertical-align:bottom;white-space:nowrap;width:0.92%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:9.43%;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> 2,431</td></tr></table><table style="border-collapse:collapse;border:0;"><tr><td style="width:10.1pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(1)</td><td style="padding:0pt;">The dollar amount reported in this column represents the total compensation reported for Mr. Smurfit, our PEO, for 2024 and 2025 in our Summary Compensation Table. Refer to the “Executive Compensation Tables — Summary Compensation Table.” </td></tr></table><table style="border-collapse:collapse;border:0;"><tr><td style="width:10.1pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(2)</td><td style="padding:0pt;">The dollar amount reported in this column represents the average of the total compensation reported for our Non-PEO NEOs for each applicable year in our Summary Compensation Table. The Non-PEO NEOs for 2024 were Ken Bowles, Saverio Mayer, Laurent Sellier, and Ben Garren. The Non-PEO NEOs for 2025 were Ken Bowles, Saverio Mayer, Laurent Sellier, and Ben Garren.</td></tr></table><table style="border-collapse:collapse;border:0;"><tr><td style="width:10.2pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(3)</td><td style="padding:0pt;">The dollar amounts reported in these columns represent the amount of “compensation actually paid” (“CAP”) to our PEO and the average compensation actually paid to our Non-PEO NEOs, as computed in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually realized or received by such individuals. In accordance with these rules, these amounts reflect the total compensation for our PEO, and the average total compensation for our Non-PEO NEOs, as set forth in the Summary Compensation Table for 2025, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. For the Non-PEO NEOs, the amounts set forth below are averages for all of the Non-PEO NEOs as a group. </td></tr></table><div style="padding-left:28.8pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:95%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:72.12%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td></tr><tr style=""><td style="color:#ffffff;vertical-align:bottom;width:72.12%;background:#192857;margin:0pt;padding:0pt;">Compensation Actually Paid for 2025</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:2.6%;background:#192857;margin:0pt;padding:0pt;"> </td><td colspan="2" style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:11.42%;background:#192857;margin:0pt;padding:0pt;">PEO</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:1.73%;background:#192857;margin:0pt;padding:0pt;"> </td><td colspan="2" style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:12.11%;background:#192857;margin:0pt;padding:0pt;">Non-PEO NEOs</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;background:#ddf1fb;margin:0pt;padding:0pt;">Summary Compensation Table Total</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 16,429,689</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 5,279,852</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;margin:0pt;padding:0pt;">Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> (11,653,645)</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> (2,732,116)</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;background:#ddf1fb;margin:0pt;padding:0pt;">Plus, year-end fair value of outstanding and unvested equity awards granted in the year</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 5,427,041</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 1,281,938</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;margin:0pt;padding:0pt;">Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> (11,071,366)</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> (2,149,409)</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;background:#ddf1fb;margin:0pt;padding:0pt;">Plus (less), change in fair value from last day of prior fiscal year to vesting date for equity awards granted in prior years that vested in the year</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 76,396</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 24,593</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;margin:0pt;padding:0pt;">Plus, value of dividends or other earnings paid on equity awards not otherwise reflected in total compensation</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> 65,323</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> 24,887</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;">Compensation Actually Paid</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> (726,562)</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> 1,729,745</td></tr></table></div><table style="border-collapse:collapse;border:0;"><tr><td style="width:10.2pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(4)</td><td style="padding:0pt;">Total Shareholder Return (“TSR”) is calculated by dividing (a) the sum of (i) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (ii) the difference between the share price at the end of each fiscal year and the beginning of the measurement period, by (b) the share price at the beginning of the measurement period. The beginning of the measurement period for purposes of determining the Company’s TSR and the peer group TSR is July 8, 2024. </td></tr></table><table style="border-collapse:collapse;border:0;"><tr><td style="width:10.1pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(5)</td><td style="padding:0pt;">The peer group used for purposes of determining the TSR of our peer group is the Dow Jones U.S. Containers & Packaging Index. </td></tr></table><table style="border-collapse:collapse;border:0;"><tr><td style="width:10.1pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(6)</td><td style="padding:0pt;">The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for each fiscal year. </td></tr></table><table style="border-collapse:collapse;border:0;"><tr><td style="width:10.1pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(7)</td><td style="padding:0pt;">We determined Adjusted EBITDA to be the most important financial performance measure used to link our performance to “compensation actually paid” to our PEO and Non-PEO NEOs following the Combination. Adjusted EBITDA is a non-GAAP financial measure. For this purpose, Adjusted EBITDA is determined as net income before income tax expense, depreciation, depletion and amortization, interest expense, net, pension and other postretirement non-service income (expense), net, share-based compensation expense, other expense, net, impairment and restructuring costs, transaction and integration-related expenses associated with the Combination, amortization of fair value step up on inventory and other specific items that management believes are not indicative of the ongoing operating results of the business</td></tr></table> 16429689 -726562 5279852 1729745 88.21 96.75

699000000

4939000000 21329257 27897467 5882218 7199348 118.1 109.32

319000000

2431000000 <table style="border-collapse:collapse;border:0;"><tr><td style="width:10.1pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(1)</td><td style="padding:0pt;">The dollar amount reported in this column represents the total compensation reported for Mr. Smurfit, our PEO, for 2024 and 2025 in our Summary Compensation Table. Refer to the “Executive Compensation Tables — Summary Compensation Table.” </td></tr></table><table style="border-collapse:collapse;border:0;"><tr><td style="width:10.1pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(2)</td><td style="padding:0pt;">The dollar amount reported in this column represents the average of the total compensation reported for our Non-PEO NEOs for each applicable year in our Summary Compensation Table. The Non-PEO NEOs for 2024 were Ken Bowles, Saverio Mayer, Laurent Sellier, and Ben Garren. The Non-PEO NEOs for 2025 were Ken Bowles, Saverio Mayer, Laurent Sellier, and Ben Garren.</td></tr></table> Mr. Smurfit <table style="border-collapse:collapse;border:0;"><tr><td style="width:10.2pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(3)</td><td style="padding:0pt;">The dollar amounts reported in these columns represent the amount of “compensation actually paid” (“CAP”) to our PEO and the average compensation actually paid to our Non-PEO NEOs, as computed in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually realized or received by such individuals. In accordance with these rules, these amounts reflect the total compensation for our PEO, and the average total compensation for our Non-PEO NEOs, as set forth in the Summary Compensation Table for 2025, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. For the Non-PEO NEOs, the amounts set forth below are averages for all of the Non-PEO NEOs as a group. </td></tr></table><div style="padding-left:28.8pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:95%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:72.12%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td></tr><tr style=""><td style="color:#ffffff;vertical-align:bottom;width:72.12%;background:#192857;margin:0pt;padding:0pt;">Compensation Actually Paid for 2025</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:2.6%;background:#192857;margin:0pt;padding:0pt;"> </td><td colspan="2" style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:11.42%;background:#192857;margin:0pt;padding:0pt;">PEO</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:1.73%;background:#192857;margin:0pt;padding:0pt;"> </td><td colspan="2" style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:12.11%;background:#192857;margin:0pt;padding:0pt;">Non-PEO NEOs</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;background:#ddf1fb;margin:0pt;padding:0pt;">Summary Compensation Table Total</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 16,429,689</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 5,279,852</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;margin:0pt;padding:0pt;">Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> (11,653,645)</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> (2,732,116)</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;background:#ddf1fb;margin:0pt;padding:0pt;">Plus, year-end fair value of outstanding and unvested equity awards granted in the year</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 5,427,041</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 1,281,938</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;margin:0pt;padding:0pt;">Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> (11,071,366)</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> (2,149,409)</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;background:#ddf1fb;margin:0pt;padding:0pt;">Plus (less), change in fair value from last day of prior fiscal year to vesting date for equity awards granted in prior years that vested in the year</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 76,396</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 24,593</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;margin:0pt;padding:0pt;">Plus, value of dividends or other earnings paid on equity awards not otherwise reflected in total compensation</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> 65,323</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> 24,887</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;">Compensation Actually Paid</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> (726,562)</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> 1,729,745</td></tr></table></div> <table style="border-collapse:collapse;border:0;"><tr><td style="width:10.2pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(3)</td><td style="padding:0pt;">The dollar amounts reported in these columns represent the amount of “compensation actually paid” (“CAP”) to our PEO and the average compensation actually paid to our Non-PEO NEOs, as computed in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually realized or received by such individuals. In accordance with these rules, these amounts reflect the total compensation for our PEO, and the average total compensation for our Non-PEO NEOs, as set forth in the Summary Compensation Table for 2025, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. For the Non-PEO NEOs, the amounts set forth below are averages for all of the Non-PEO NEOs as a group. </td></tr></table><div style="padding-left:28.8pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:95%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:72.12%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td></tr><tr style=""><td style="color:#ffffff;vertical-align:bottom;width:72.12%;background:#192857;margin:0pt;padding:0pt;">Compensation Actually Paid for 2025</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:2.6%;background:#192857;margin:0pt;padding:0pt;"> </td><td colspan="2" style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:11.42%;background:#192857;margin:0pt;padding:0pt;">PEO</td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:1.73%;background:#192857;margin:0pt;padding:0pt;"> </td><td colspan="2" style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:12.11%;background:#192857;margin:0pt;padding:0pt;">Non-PEO NEOs</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;background:#ddf1fb;margin:0pt;padding:0pt;">Summary Compensation Table Total</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 16,429,689</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 5,279,852</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;margin:0pt;padding:0pt;">Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> (11,653,645)</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> (2,732,116)</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;background:#ddf1fb;margin:0pt;padding:0pt;">Plus, year-end fair value of outstanding and unvested equity awards granted in the year</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 5,427,041</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 1,281,938</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;margin:0pt;padding:0pt;">Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> (11,071,366)</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> (2,149,409)</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;background:#ddf1fb;margin:0pt;padding:0pt;">Plus (less), change in fair value from last day of prior fiscal year to vesting date for equity awards granted in prior years that vested in the year</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 76,396</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;background:#ddf1fb;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;background:#ddf1fb;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;margin:0pt;padding:0pt;"> 24,593</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;margin:0pt;padding:0pt;">Plus, value of dividends or other earnings paid on equity awards not otherwise reflected in total compensation</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> 65,323</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;margin:0pt;padding:0pt;"> 24,887</td></tr><tr style=""><td style="vertical-align:bottom;width:72.12%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;">Compensation Actually Paid</td><td style="vertical-align:bottom;white-space:nowrap;width:2.6%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:0.98%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> (726,562)</td><td style="vertical-align:bottom;white-space:nowrap;width:1.73%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:1.67%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;">$</td><td style="vertical-align:bottom;white-space:nowrap;width:10.43%;background:#ddf1fb;border-bottom:1.5pt solid #192857;margin:0pt;padding:0pt;"> 1,729,745</td></tr></table></div> 16429689 5279852 -11653645 -2732116 5427041 1281938 -11071366 -2149409 76396 24593 65323 24887 -726562 1729745 <table style="border-collapse:collapse;border:0;"><tr><td style="width:10.2pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(4)</td><td style="padding:0pt;">Total Shareholder Return (“TSR”) is calculated by dividing (a) the sum of (i) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (ii) the difference between the share price at the end of each fiscal year and the beginning of the measurement period, by (b) the share price at the beginning of the measurement period. The beginning of the measurement period for purposes of determining the Company’s TSR and the peer group TSR is July 8, 2024. </td></tr></table><table style="border-collapse:collapse;border:0;"><tr><td style="width:10.1pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(5)</td><td style="padding:0pt;">The peer group used for purposes of determining the TSR of our peer group is the Dow Jones U.S. Containers & Packaging Index. </td></tr></table> <table style="border-collapse:collapse;border:0;"><tr><td style="width:10.1pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:20.15pt;padding:0pt;">(7)</td><td style="padding:0pt;">We determined Adjusted EBITDA to be the most important financial performance measure used to link our performance to “compensation actually paid” to our PEO and Non-PEO NEOs following the Combination. Adjusted EBITDA is a non-GAAP financial measure. For this purpose, Adjusted EBITDA is determined as net income before income tax expense, depreciation, depletion and amortization, interest expense, net, pension and other postretirement non-service income (expense), net, share-based compensation expense, other expense, net, impairment and restructuring costs, transaction and integration-related expenses associated with the Combination, amortization of fair value step up on inventory and other specific items that management believes are not indicative of the ongoing operating results of the business</td></tr></table> Adjusted EBITDA Compensation Actually Paid, Cumulative TSR and Peer Group TSR Our TSR decreased by 11.8% from December 31, 2024 (the last trading day of the fiscal year 2024) through the end of 2025. The decrease in our TSR is in line with the 3.3% decrease in the Dow Jones U.S. Containers & Packaging Index over the same period. The decrease in our TSR from the Combination is the primary reason that the 2025 CAP to our PEO of ($726,562) is lower than the Summary Compensation Table figure of $16,429,689, and that the average CAP for our Non-PEO NEOs of $1,729,745 is lower than the Summary Compensation Table average of $5,279,852. Compensation Actually Paid, Cumulative TSR and Peer Group TSR Our TSR decreased by 11.8% from December 31, 2024 (the last trading day of the fiscal year 2024) through the end of 2025. The decrease in our TSR is in line with the 3.3% decrease in the Dow Jones U.S. Containers & Packaging Index over the same period. The decrease in our TSR from the Combination is the primary reason that the 2025 CAP to our PEO of ($726,562) is lower than the Summary Compensation Table figure of $16,429,689, and that the average CAP for our Non-PEO NEOs of $1,729,745 is lower than the Summary Compensation Table average of $5,279,852. Compensation Actually Paid and Financial Performance Measures Since we became a newly U.S. listed, Irish public company on July 8, 2024, at this time there is no clear correlation between compensation actually paid, net income, and adjusted EBITDA. We believe the compensation actually paid to our PEO and Non-PEO NEOs in 2025 reflects our pay-for-performance philosophy, and this relationship will develop as we build history as a newly U.S. listed, Irish public company. Compensation Actually Paid and Financial Performance Measures Since we became a newly U.S. listed, Irish public company on July 8, 2024, at this time there is no clear correlation between compensation actually paid, net income, and adjusted EBITDA. We believe the compensation actually paid to our PEO and Non-PEO NEOs in 2025 reflects our pay-for-performance philosophy, and this relationship will develop as we build history as a newly U.S. listed, Irish public company. Financial Performance Measures The metrics that the Company uses for both our long-term and short-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our shareholders. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs for the most recently completed fiscal year to the Company’s performance are as follows: <table style="border-collapse:collapse;font-family:'Arial','Helvetica','sans-serif';font-size:9.5pt;margin-bottom:8pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:18pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:9.5pt;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">1.</td><td style="padding:0pt;">Adjusted EBITDA </td></tr></table><table style="border-collapse:collapse;font-family:'Arial','Helvetica','sans-serif';font-size:9.5pt;margin-bottom:8pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:18pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:9.5pt;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">2.</td><td style="padding:0pt;">Free Cash Flow</td></tr></table><table style="border-collapse:collapse;font-family:'Arial','Helvetica','sans-serif';font-size:9.5pt;margin-bottom:8pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:18pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:9.5pt;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">3.</td><td style="padding:0pt;">Relative TSR </td></tr></table><table style="border-collapse:collapse;font-family:'Arial','Helvetica','sans-serif';font-size:9.5pt;margin-bottom:8pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:18pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:9.5pt;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">4.</td><td style="padding:0pt;">Cumulative Adjusted Earnings per Share </td></tr></table><table style="border-collapse:collapse;font-family:'Arial','Helvetica','sans-serif';font-size:9.5pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:18pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:9.5pt;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">5.</td><td style="padding:0pt;">Average Return on Capital Employed </td></tr></table><div style="margin-top:8pt;"></div> Adjusted EBITDA Free Cash Flow Relative TSR Cumulative Adjusted Earnings per Share Average Return on Capital Employed