Form 4: Westrock Coffee Co: Officer Schuhmacher Reports Stock Transactions

Blake Schuhmacher, Chief Accounting Officer of Westrock Coffee Co, reports acquisition of restricted stock units and disposal of shares to cover tax obligations.

Summary

• Blake Schuhmacher, Chief Accounting Officer of Westrock Coffee Co, filed a Form 4 detailing changes in beneficial ownership.
• On March 15, 2024, Schuhmacher acquired 20,243 restricted stock units (RSUs) under the company's 2022 Equity Incentive Plan.
• These RSUs will vest annually in four equal installments starting March 15, 2025.
• On March 17, 2024, 5,324 shares were withheld by the issuer to satisfy tax obligations related to vested RSUs at a price of $9.6.
• Following these transactions, Schuhmacher directly owns 72,266 shares of Westrock Coffee Co.
• The reported transactions were signed by Robert P. McKinney as attorney-in-fact for Blake Schuhmacher on March 19, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent 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 stock transactions by a company officer, which is common in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company officer.

Key Dates