FORD JOE T 4
Research Summary
AI-generated summary
Westrock (WEST) Director Joe T. Ford Receives 10,798 RSUs
What Happened
Joe T. Ford, a director of Westrock Coffee Co. (WEST), was granted 10,798 restricted stock units (RSUs) on June 5, 2026. The RSUs were awarded at a grant price of $0.00 (total reported value $0 at grant). These RSUs represent the contingent right to receive one share of common stock per RSU and will vest on June 5, 2027, subject to continued board service and certain early-vesting conditions (see footnote F1). This is a compensation award (not a purchase or sale) and does not result in immediate shares being issued.
Key Details
- Transaction date: June 5, 2026; Grant type: RSU award (code A).
- Grant amount/price: 10,798 RSUs @ $0.00 (reported value $0 at grant).
- Vesting: RSUs vest June 5, 2027, subject to continued board service and early-vesting terms (F1).
- Reported holdings (per footnotes): record holdings include trusts and entities listed in F2–F6 (totaling 3,889,776 shares held of record across those entities); Mr. Ford disclaims beneficial ownership over shares in those entities where he has no pecuniary interest.
- Filing timeliness: Report filed 2026-06-08 for a 2026-06-05 grant — filed within the usual Form 4 timeframe (timely).
Context
RSU grants are a common form of director/executive compensation; they do not create immediate tradable shares until they vest and are settled. A $0 grant price for RSUs is typical because the award represents a future right to shares rather than an outright purchase. This filing documents the award, not a market purchase or sale, so it should not be read as an immediate bullish or bearish trading signal.