Westrock Coffee director buys 31,500 WEST shares
Westrock Coffee Co director Joe T. Ford reported open-market purchases of the company’s common stock.
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Rhea-AI Filing Summary
Westrock Coffee Co director Joe T. Ford reported open-market purchases of the company’s common stock. On May 13–14, entities associated with him bought a total of 31,500 shares of common stock at prices between $8.43 and $8.50 per share, including trust and direct accounts.
After these transactions, Ford’s direct holdings were 541,916 shares of common stock. Footnotes state that certain additional holdings are of record in trusts for which he serves as trustee, including 41,800, 110,000, 183,000, and 273,000 shares, and in Wooster Capital, LLC with 3,281,976 shares. He disclaims beneficial ownership of shares held where he has no pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | COMMON STOCK | 15,000 | $8.50 | $128K |
| Purchase | COMMON STOCK | 8,000 | $8.43 | $67K |
| Purchase | COMMON STOCK | 3,500 | $8.44 | $30K |
| Purchase | COMMON STOCK | 5,000 | $8.43 | $42K |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Footnotes (6)
- F1. Consists of 41,800 shares of the issuer's common stock, par value $0.01 per share ("Common Stock"), held of record by a trust, of which Mr. Ford is the trustee. Mr. Ford disclaims beneficial ownership over all shares of Common Stock held by the trust over which he does not have any pecuniary interest and this report shall not be deemed an admission that Mr. Ford is the beneficial owner of the disclaimed securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F2. Consists of 273,000 shares of Common Stock, held of record by a trust, of which Mr. Ford is the trustee. Mr. Ford disclaims beneficial ownership over all shares of Common Stock held by the trust over which he does not have any pecuniary interest and this report shall not be deemed an admission that Mr. Ford is the beneficial owner of the disclaimed securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.45 to $8.55, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range.
- F4. Consists of 3,281,976 shares of Common Stock, held of record by Wooster Capital, LLC, over which Mr. Ford may be deemed to exercise voting and investment control. Mr. Ford disclaims beneficial ownership over all shares of Common Stock held by Wooster Capital, LLC over which he does not have any pecuniary interest and this report shall not be deemed an admission that Mr. Ford is the beneficial owner of the disclaimed securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F5. Consists of 110,000 shares of Common Stock, held of record by a trust, of which Mr. Ford is the trustee. Mr. Ford disclaims beneficial ownership over all shares of Common Stock held by the trust over which he does not have any pecuniary interest and this report shall not be deemed an admission that Mr. Ford is the beneficial owner of the disclaimed securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F6. Consists of 183,000 shares of Common Stock, held of record by a trust, of which Mr. Ford is the trustee. Mr. Ford disclaims beneficial ownership over all shares of Common Stock held by the trust over which he does not have any pecuniary interest and this report shall not be deemed an admission that Mr. Ford is the beneficial owner of the disclaimed securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
Key Terms
open-market purchase financial
weighted average price financial
beneficial ownership financial
pecuniary interest financial
Section 16 regulatory
FAQ
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What insider transaction did Westrock Coffee Co (WEST) disclose for Joe T. Ford?
What role does Wooster Capital, LLC play in Joe T. Ford’s Westrock Coffee Co (WEST) holdings?
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