Form 4: Westrock Coffee Co: Executive Scott T. Ford Reports Tax Obligation Share Withholding

Scott T. Ford, Chief Executive Officer of Westrock Coffee Co, reports the withholding of 18,783 shares to cover tax obligations arising from vested restricted stock units.

Summary

• On August 29, 2024, Westrock Coffee Co's CEO, Scott T. Ford, had 18,783 shares withheld by the issuer to cover tax obligations related to vested restricted stock units.
• The shares were withheld at a price of $8.72 per share.
• 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 exercise voting and investment control over these shares but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations.

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 executive compensation and tax obligations, common among publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on the total shares outstanding.

Key Dates