Westrock Coffee director receives RSU share grant
Kruczek Robert Patrick reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Kruczek Robert Patrick reported acquisition or exercise transactions in this Form 4 filing.
Westrock Coffee Co director Robert Patrick Kruczek reported receiving a grant of 10,798 shares of common stock in the form of restricted stock units. The units were granted at no cash cost to him and increase his direct holdings to 349,009 shares.
Each RSU represents a right to receive one share of common stock that will vest on June 5, 2027, as long as he continues serving on the company’s board and certain early vesting conditions are met. This is a routine equity compensation award rather than an open-market purchase or sale.
Insights
Routine RSU grant increases director’s equity stake with long-term vesting.
Director Robert Patrick Kruczek received 10,798 restricted stock units under the company’s 2022 Equity Incentive Plan. The grant price is effectively $0 per unit, indicating a compensation award rather than a market transaction, and lifts his reported direct holdings to 349,009 shares.
The RSUs vest on June 5, 2027, contingent on continued board service and specified early vesting conditions. Such time-based vesting is designed to align director incentives with longer-term company performance, though the filing does not quantify the award’s value or compare it with prior grants.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 10,798 | $0.00 | $0.00 |
Footnotes (1)
- F1. These restricted stock units ("RSUs") are granted pursuant to the Westrock Coffee Company 2022 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the issuer's common stock, par value $0.01 per share. The RSUs will vest on June 5, 2027, subject to the reporting person's continued service on the board of directors of the issuer through the applicable vesting date and certain early vesting conditions.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
2022 Equity Incentive Plan financial
vesting financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Westrock Coffee Co director Robert Patrick Kruczek report on this Form 4 for WEST?
When do Robert Patrick Kruczek’s Westrock Coffee Co (WEST) RSUs vest?
Under what plan were the Westrock Coffee Co (WEST) RSUs granted to Robert Patrick Kruczek?
What does each restricted stock unit (RSU) represent in the Westrock Coffee Co (WEST) grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.