Ford William A 4
Research Summary
AI-generated summary
Westrock Coffee (WEST) COO William A. Ford Receives RSU Award
What Happened
- William A. Ford, Chief Operating Officer of Westrock Coffee Company (WEST), received a grant of 45,565 restricted stock units (RSUs) on 2026-06-02. The reported acquisition price is $0.00 (no cash exchanged). Each RSU represents a contingent right to one share of common stock; the award does not convey current stock ownership until vesting.
Key Details
- Transaction: Grant/Award (code A) of 45,565 RSUs on 2026-06-02 at $0.00 (total reported acquisition value $0).
- Vesting: RSUs vest annually in three equal installments beginning April 1, 2027, subject to continued employment and certain early-vesting conditions (per footnote F1).
- Shares owned after transaction: Not specified in the provided filing. The filing notes existing holdings in a family trust (footnote F2) for which Mr. Ford is trustee; he disclaims beneficial ownership over trust shares where he has no pecuniary interest.
- Filing timeliness: Report filed 2026-06-03 for a 2026-06-02 transaction — appears to be filed promptly (Form 4 is due within two business days).
Context
- RSU grants are a form of compensation and do not require a cash purchase; they become actual shares only as they vest. Such awards are common for executive compensation and do not by themselves indicate intent to buy or sell shares.