Newkirk Kyle 4
Research Summary
AI-generated summary
Westrock Coffee CCO Kyle Newkirk Receives Award; Shares Withheld for Taxes
What Happened
Kyle Newkirk, Chief Commercial Officer of Westrock Coffee Co (WEST), had 8,434 performance-based restricted stock units (PBRSUs) vest on March 5, 2026 (reported on Form 4 filed March 9, 2026). Of those, 2,792 shares were withheld to satisfy tax withholding obligations; the withheld shares are reported as a disposition at $3.93 per share for a total tax-withholding value of $10,973. The remaining 5,642 shares (8,434 acquired minus 2,792 withheld) were retained by the reporting person.
Key Details
- Transaction dates: March 5, 2026 (vesting and withholding); Form 4 filed March 9, 2026 (timely).
- Awards: 8,434 shares acquired (code A) at $0.00 — PBRSUs vested.
- Withholding: 2,792 shares disposed (code F) at $3.93 each for $10,973 to cover tax liabilities.
- Net shares from this vesting: 5,642 shares retained by the insider (8,434 − 2,792).
- Footnotes: (1) Shares were acquired on vesting of 2025 PBRSUs. (2) Shares were withheld to satisfy tax obligations from the vesting.
- Shares owned after the transaction: not specified in the filing.
Context
This filing reflects routine compensation-related vesting and tax withholding (award/vesting and cashless tax withholding), not an open-market buy or sale intended to express a market view. Code meanings: A = award/grant/acquisition on vesting; F = shares withheld/used to pay taxes. The Form 4 was filed within the required reporting window.