Form 4: Westrock Coffee Co CFO Thomas Christopher Pledger Reports Stock Transaction
SEC Form 4 Filing
Thomas Christopher Pledger, CFO of Westrock Coffee Co, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On August 29, 2024, Thomas Christopher Pledger, the CFO of Westrock Coffee Co, disposed of 19,301 shares of common stock to cover tax obligations.
- The shares were withheld by the issuer to satisfy the reporting person's tax obligations that arose when restricted stock units vested.
- The transaction was executed at a price of $8.72 per share.
- Following the transaction, Pledger directly owns 447,372 shares of Westrock Coffee Co.
- The transaction was reported on August 30, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of covering tax obligations related to vested equity.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of stock transaction and vesting of restricted stock units. |
| 08/30/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.