William A. Ford - 15 Mar 2024 Form 4 Insider Report for Westrock Coffee Co (WEST)

Signature
/s/ BY: ROBERT P. MCKINNEY AS ATTORNEY-IN-FACT FOR WILLIAM A. FORD
Issuer symbol
WEST
Transactions as of
15 Mar 2024
Net transactions value
-$131,453
Form type
4
Filing time
19 Mar 2024, 17:12:36 UTC
Previous filing
14 Nov 2023
Next filing
30 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEST COMMON STOCK Award $0 +126,518 +38% $0.000000 460,441 15 Mar 2024 Direct F1
transaction WEST COMMON STOCK Tax liability $131,453 -13,693 -3% $9.60 446,748 17 Mar 2024 Direct F2
holding WEST COMMON STOCK 5,000 15 Mar 2024 BY IMMEDIATE FAMILY MEMBER 1 F3
holding WEST COMMON STOCK 7,200 15 Mar 2024 BY IMMEDIATE FAMILY MEMBER 2 F3
holding WEST COMMON STOCK 4,200 15 Mar 2024 BY TRUST F4
* 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 These shares were withheld by the Issuer to satisfy the reporting person's tax obligations that arose on March 17, 2024, when RSUs belonging to the reporting person vested.
F3 Represents shares of Common Stock, held of record by an immediate family member sharing the same household as Mr. Ford. Mr. Ford disclaims beneficial ownership over all shares of Common Stock held by such person over which he does not have any 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.
F4 Represents shares of Common Stock, held of record by a family trust for the benefit of Mr. Ford's children, of which Mr. Ford is the trustee. Mr. Ford disclaims beneficial ownership over all shares of Common Stock held by the trust over which he does not have any 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.