Form 4: Westrock Coffee Co CFO Thomas Christopher Pledger Reports Stock Disposals to Cover Tax Obligations
SEC Form 4
Thomas Christopher Pledger, CFO of Westrock Coffee Co, disposed of shares to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On March 15, 2025, Thomas Christopher Pledger, the CFO of Westrock Coffee Co, disposed of 13,238 shares of common stock at a price of $6.88 to cover tax obligations related to vested restricted stock units (RSUs).
- Following this transaction, Pledger directly owns 434,134 shares of Westrock Coffee Co.
- On March 17, 2025, Pledger disposed of 17,978 shares at $6.97 to cover tax obligations related to vested RSUs.
- Following this transaction, Pledger directly owns 416,156 shares of Westrock Coffee Co.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine filing related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The disposal of shares by the CFO could have a minor, temporary impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Disposal of 13,238 shares of common stock to cover tax obligations from vested RSUs. |
| 03/17/2025 | Disposal of 17,978 shares of common stock to cover tax obligations from vested RSUs. |
| 03/18/2025 | Date of Form 4 filing. |
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