Westrock Coffee Co·4

Mar 9, 4:28 PM ET

McKinney Robert P. 4

Research Summary

AI-generated summary

Updated

Westrock (WEST) CLO Robert McKinney Receives Award; Shares Withheld

What Happened

  • Robert P. McKinney, Chief Legal Officer of Westrock Coffee Co (WEST), received 3,374 shares on 2026-03-05 upon vesting of performance-based restricted stock units (PBRSUs). The award shares were issued at $0 (typical for RSU vesting).
  • To satisfy tax withholding obligations from the vesting, 1,120 of those shares were withheld/disposed at $3.93 per share, totaling $4,402. This withholding is a tax settlement, not an open-market sale.

Key Details

  • Transaction date: 2026-03-05. Filing date: 2026-03-09 (filed within two business days; appears timely).
  • Award: 3,374 shares (code A — grant/award/acquisition) at $0 per share.
  • Withholding: 1,120 shares withheld/disposed (code F — tax withholding) at $3.93 / share for ~$4,402.
  • Shares owned after the transaction: not specified in the provided Form 4.
  • Footnotes: (1) Shares were issued upon vesting of 2025 PBRSUs. (2) Withheld shares satisfied McKinney’s tax obligations from that vesting.

Context

  • PBRSUs typically convert to common shares at vesting; companies frequently withhold a portion of vested shares to cover required taxes (a routine administrative action). That withholding should not be read as an independent decision to sell stock on the open market.
  • Transaction codes: A = award/acquisition; F = tax withholding. This filing documents a compensation-related issuance and related tax withholding rather than a discretionary buy or sell by the insider.