Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | WEST | COMMON STOCK | Award | $0 | +200K | $0.00 | 200K | Aug 29, 2022 | Direct | F1 | |
holding | WEST | COMMON STOCK | 23.2M | Aug 29, 2022 | See Footnote | F2 |
Id | Content |
---|---|
F1 | These restricted stock units ("RSUs") are granted pursuant to the Westrock Coffee Company 2022 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the issuer's common stock, par value $0.01 per share ("Common Stock"). The RSUs will vest annually in three equal installments starting on August 29, 2023, subject to the reporting person's continued employment with the issuer through the applicable vesting dates and certain early vesting conditions. |
F2 | Consists of 23,163,104 shares of Common Stock, which are held of record by Westrock Group, LLC ("Westrock Group"). Greenbrier Holdings, LLC ("Greenbrier") is the manager of Westrock Group and as such has voting and investment power over the shares of Common Stock held by Westrock Group. Scott T. Ford is the sole member and manager of Greenbrier and as such may be deemed to exercise voting and investment control over the shares of Common Stock held by Westrock Group. 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. |