FORD JOE T 4
Research Summary
AI-generated summary
Westrock Coffee (WEST) Director Joe T. Ford Buys 45,000 Shares
What Happened
- Joe T. Ford, a director of Westrock Coffee (ticker: WEST), acquired 45,000 shares in open-market purchases on March 13, 2026. The transaction was reported at a weighted average price of $3.92 per share for a total of $176,400. The filing indicates the shares were bought in multiple trades at prices ranging from $3.90 to $4.00.
Key Details
- Transaction date: March 13, 2026; Form filed March 16, 2026 (appears timely).
- Price: Weighted average $3.92; individual trades ranged $3.90–$4.00 (Footnote F1).
- Shares acquired: 45,000 (code P = Purchase); total reported value $176,400.
- Shares owned after transaction: Footnotes list holdings of 3,866,276 shares across trusts and Wooster Capital, LLC (F2–F6). Adding the 45,000 purchase yields roughly 3,911,276 shares attributable to Mr. Ford’s positions (see note below).
- Notable footnotes: F1 explains the weighted-average price and price range; F2–F6 describe shares held by various trusts and by Wooster Capital, LLC and include standard disclaimers that Mr. Ford disclaims beneficial ownership where he lacks pecuniary interest.
- No option exercise, gift, tax-withholding, or 10b5-1 plan is disclosed in this filing.
Context
- This is a straightforward open-market purchase by a company director. Purchases by insiders are often watched by investors as a potential sign of confidence, but filings are factual and do not prove motive.
- A large portion of Mr. Ford’s stake is held through entities (Wooster Capital and several trusts); the filing disclaims beneficial ownership where applicable, which is common when holdings are held via managed entities.