FORD JOE T 4
Research Summary
AI-generated summary
Westrock Coffee (WEST) Director Joe T. Ford Buys 3,000 Shares
What Happened
Joe T. Ford, a director of Westrock Coffee Co. (WEST), purchased 3,000 shares on June 1, 2026, at $8.04 per share for a total of $24,120. The transaction is reported as a purchase (Form 4 transaction code P) and was filed on June 2, 2026. Purchases are generally viewed as a more direct signal of insider accumulation than sales, though this is a relatively small open-market buy.
Key Details
- Transaction date & price: 2026-06-01 — 3,000 shares @ $8.04 each (total $24,120); transaction code P (purchase, open market/private purchase).
- Filing date: 2026-06-02 — appears to be filed within the standard two-business-day window.
- Shares owned after transaction: The Form 4 footnotes show positions held of record by entities/trusts totaling 3,889,776 shares (see details below); Wooster Capital, LLC holds 3,281,976 shares over which Mr. Ford may be deemed to exercise voting and investment control. The filing does not separately state any other direct beneficial holdings beyond the reported 3,000-share purchase.
- Notable footnotes:
- F3: Wooster Capital, LLC — 3,281,976 shares (Ford may exercise voting/investment control).
- F1, F2, F4, F5: Four trusts hold 41,800; 273,000; 110,000; and 183,000 shares respectively — Mr. Ford is trustee and disclaims beneficial ownership for trust shares over which he has no pecuniary interest.
- No option exercise, award, or gift was reported — this was a straight purchase.
Context
This was a modest open-market purchase ($24k) by a director who is associated with a much larger position held via Wooster Capital (3.28M+ shares). That context may matter when judging the scale of the purchase, but the filing itself is a straightforward acquisition report and does not explain motive.