Form 4: Westrock Coffee Co: Officer Schuhmacher Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Blake Schuhmacher, Chief Accounting Officer of Westrock Coffee Co, sold shares to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On March 15, 2025, Blake Schuhmacher, the Chief Accounting Officer of Westrock Coffee Co, disposed of 2,022 shares of common stock at a price of $6.88 to cover tax obligations related to vested restricted stock units (RSUs).
- Following this transaction, Schuhmacher directly owns 67,520 shares of Westrock Coffee Co.
- On March 17, 2025, Schuhmacher disposed of 4,668 shares of common stock at a price of $6.97 to cover tax obligations related to vested RSUs.
- Following this transaction, Schuhmacher directly owns 62,852 shares of Westrock Coffee Co.
Sentiment
Score: 5
Explanation: The document simply reports stock sales to cover tax obligations, which is a neutral event.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and officers.
Stakeholder Impact
- The sale of shares by an officer could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | 2,022 shares sold to cover tax obligations from vested RSUs at $6.88 per share. |
| 03/17/2025 | 4,668 shares sold to cover tax obligations from vested RSUs at $6.97 per share. |
| 03/18/2025 | Date of report filing. |
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