Form 4: Westrock Coffee Co: Officer William A. Ford Reports Tax Obligation Share Withholding
SEC Form 4 Filing
William A. Ford, Group President of Operations at Westrock Coffee Co, reports the withholding of 11,650 shares to cover tax obligations arising from vested restricted stock units.
Summary
- On August 29, 2024, William A. Ford, Group President of Operations at Westrock Coffee Co, had 11,650 shares of common stock 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.
- Following the transaction, Mr. Ford directly owns 435,098 shares of Westrock Coffee Co.
- Mr. Ford also has indirect ownership through an immediate family member (5,000 shares and 7,200 shares), and a family trust (4,200 shares).
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership of company executives.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of transaction: Shares withheld for tax obligations and restricted stock units vested. |
| 08/30/2024 | Date of report signature. |
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