Ford Samuel 4
Research Summary
AI-generated summary
Westrock Coffee (WEST) Chief Trade & Risk Officer Receives Award
What Happened
- Samuel Ford, Westrock Coffee Co.'s Chief Trade & Risk Officer, had 8,434 performance-based restricted stock units (PBRSUs) vest on 2026-03-05 (reported on Form 4). Those vested shares were reported as an award/acquisition (code A). To satisfy tax obligations tied to the vesting, 3,016 shares were withheld/disposed (code F) at $3.93 per share, which the filing reports as $11,853. Net shares delivered to Mr. Ford after withholding: 5,418.
Key Details
- Transaction date: 2026-03-05; Form 4 filed 2026-03-09 (timely).
- Awards: 8,434 shares acquired via PBRSU vesting (code A) at $0.00 exercise price.
- Tax withholding: 3,016 shares withheld/disposed (code F) at $3.93 each = $11,853.
- Net shares retained from the vesting: 5,418 (8,434 − 3,016).
- Footnotes: F1 notes these were PBRSUs granted in 2025; F2 explains shares were withheld to satisfy tax obligations.
- Shares owned after transaction: not specified in this Form 4.
Context
- This was a compensation/vesting event, not an open-market purchase or sale. Withholding of shares to cover taxes is routine and does not necessarily indicate a change in insider sentiment. The filing shows equity was received through vesting and some shares were retained after statutory tax withholding.