FORD SCOTT T 4
Research Summary
AI-generated summary
Westrock (WEST) CEO Scott T. Ford Receives 33,738-Share Award
What Happened
Scott T. Ford, CEO of Westrock Coffee Co. (WEST), was issued 33,738 shares on March 5, 2026 in connection with the vesting of performance-based restricted stock units (PBRSUs). The shares were issued at $0.00 per share (i.e., awarded upon vesting), so there was no cash purchase. The Form 4 was filed on March 9, 2026.
Key Details
- Transaction date: 2026-03-05 (reported on Form 4 filed 2026-03-09). Transaction code: A (award/grant/acquisition).
- Price: $0.00 per share (shares issued upon PBRSU vesting). Total reported cash paid: $0.
- Shares acquired: 33,738 shares from 2025 PBRSU grant (footnote F1).
- Shares reported of record tied to reporting person: filing notes 23,263,104 shares held of record by Westrock Group, LLC, which Greenbrier Holdings, LLC manages; Scott T. Ford is sole member/manager of Greenbrier and may be deemed to exercise voting/investment control (footnote F2). Combined, the record and award total 23,296,842 shares (23,263,104 + 33,738), though the filing includes a disclaimer that Mr. Ford disclaims beneficial ownership of shares held by Westrock Group to the extent he has no pecuniary interest.
- Filing timeliness: Filed on Mar 9, 2026 — consistent with the standard Form 4 reporting window for a Mar 5 transaction.
Context
PBRSUs are performance-based restricted stock units that convert into shares when specified performance or service conditions are satisfied. An award at $0 means shares were issued on vesting rather than bought on the open market; such awards are routine compensation events and do not by themselves signal buying or selling intent.