Scott T. Ford - Mar 15, 2024 Form 4 Insider Report for Westrock Coffee Co (WEST)

Signature
/s/ BY: ROBERT P. MCKINNEY AS ATTORNEY-IN-FACT FOR SCOTT T. FORD
Stock symbol
WEST
Transactions as of
Mar 15, 2024
Transactions value $
$0
Form type
4
Date filed
3/19/2024, 04:57 PM
Previous filing
Feb 20, 2024
Next filing
May 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEST COMMON STOCK Award $0 +202K +94.51% $0.00 417K Mar 15, 2024 Direct F1
holding WEST COMMON STOCK 23.2M Mar 15, 2024 See Footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 four equal installments starting on March 15, 2025, 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.