Form 4: Westrock Coffee Co: Executive Ford Settles Tax Obligations with Share Withholding

Scott T. Ford, Chief Executive Officer of Westrock Coffee Co, had shares withheld to cover tax obligations arising from vested restricted stock units.

Summary

• On March 15, 2025, Westrock Coffee Co. withheld 17,551 shares from Scott T. Ford, the CEO, at a price of $6.88 per share to cover his tax obligations related to vested restricted stock units.
• Following the transaction, Ford directly owns 380,281 shares of common stock.
• Ford also indirectly owns 23,163,104 shares through Westrock Group, LLC, where Greenbrier Holdings, LLC acts as the manager.
• Ford, as the sole member and manager of Greenbrier, may be deemed to have voting and investment control over these shares, but he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of an insider transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.

Management Comments

• Mr. Ford disclaims beneficial ownership over all shares held by Westrock Group over which he does not have a pecuniary interest and this report shall not be deemed an admission that Mr. Ford is the beneficial owner of the disclaimed securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Industry Context

This is a routine disclosure related to insider transactions and is common for executives who receive stock-based compensation.

Key Dates