Parent Kenneth M. 4
Research Summary
AI-generated summary
Westrock Coffee Director Kenneth Parent Receives RSU Award
What Happened
- Kenneth M. Parent, a director of Westrock Coffee Company (WEST), received a grant of 41,992 restricted stock units (RSUs) on June 5, 2026. The RSUs were granted at an acquisition price of $0.00 (reported value $0 at grant) and represent contingent rights to receive one share of common stock per RSU upon vesting.
- This transaction is an award/grant (transaction code A) — a compensation/board award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-05; Form 4 filed: 2026-06-08 (timely filing).
- Number of RSUs granted: 41,992; reported acquisition price: $0.00 (total $0).
- Vesting: RSUs vest on June 5, 2027, subject to Parent’s continued service on the board and certain early-vesting conditions (see footnote).
- Shares owned after the transaction: not disclosed in this Form 4.
- Transaction type code: A = Award/Grant.
Context
- Each RSU is a contingent right to one share upon vesting; grants like this are typically part of director compensation and do not by themselves indicate a buy/sell decision by the insider.
- The RSUs have a one-year time-based vesting requirement (June 5, 2027) and may include early-vesting provisions described in the filing’s footnote.