Form 4: Westrock Coffee Co: Officer Ford Reports Stock Transactions
SEC Form 4 Filing
William A. Ford, Group President of Operations at Westrock Coffee Co, reports acquisition and disposal of common stock and withholding of shares for tax obligations.
Summary
- On March 15, 2024, William A. Ford acquired 126,518 shares of Westrock Coffee Co common stock.
- On March 17, 2024, 13,693 shares were disposed of to cover tax obligations at a price of $9.6 per share.
- Following these transactions, Ford directly owns 446,748 shares of common stock.
- Ford also has indirect ownership through family members and a trust.
- The reported transactions also involve restricted stock units (RSUs) that vest annually in four equal installments starting on March 15, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The RSUs will vest annually in four equal installments starting on March 15, 2025, subject to continued employment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Acquisition of 126,518 shares of common stock. |
| 03/17/2024 | Withholding of 13,693 shares for tax obligations. |
| 03/15/2025 | First vesting date for RSUs, vesting annually in four equal installments. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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