Westrock Coffee trust gifts 110,000 WEST shares
Westrock Coffee Co director Joe T. Ford reported a trust-related reallocation of company shares and updated his indirect holdings.
Rhea-AI Filing Summary
Westrock Coffee Co director Joe T. Ford reported a trust-related reallocation of company shares and updated his indirect holdings. A trust for which he served as trustee transferred 110,000 shares of common stock as a bona fide gift to new sub-trusts created under the trust; Mr. Ford is not the trustee of these sub-trusts. The filing also corrects a prior Form 4 that had overreported his share acquisitions by 5,000 shares. Following these updates, Ford is shown with 550,714 shares held directly and additional indirect interests through various trusts and Wooster Capital, LLC, in each case subject to his disclaimers of beneficial ownership where he has no pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
110,000 shares gifted
Gift
6 txns
Insider
FORD JOE T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | COMMON STOCK | 110,000 | $0.00 | $0.00 |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 497,800 shares (Indirect, By Trust);
COMMON STOCK — 550,714 shares (Direct);
COMMON STOCK — 3,281,976 shares (Indirect, By LLC)
Footnotes (6)
- F1. Consists of 110,000 shares of the issuer's common stock, par value $0.01 per share ("Common Stock"), previously held of record by a trust, of which Mr. Ford was the trustee. On February 3, 2026, these shares were contributed to sub-trusts created under the trust in accordance with its terms. Mr. Ford does not serve as the trustee of the sub-trusts.
- F2. Due to clerical error, the reporting person's Form 4 filed on March 17, 2026, overreported the number of shares acquired by the reporting person by 5,000 shares. This reflects the corrected amount.
- F3. Consists of 41,800 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.
- F4. 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.
- F5. 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.
- 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
Gifted shares: 110,000 shares
Gift price per share: $0.0000 per share
Direct holdings: 550,714 shares
+4 more
7 metrics
Gifted shares
110,000 shares
Bona fide gift by trust on February 3, 2026
Gift price per share
$0.0000 per share
Reported consideration for 110,000-share gift
Direct holdings
550,714 shares
Common stock held directly after transactions
Wooster Capital LLC holdings
3,281,976 shares
Common stock held by Wooster Capital, LLC
Trust holdings (273,000)
273,000 shares
Common stock held by a trust with Mr. Ford as trustee
Trust holdings (183,000)
183,000 shares
Common stock held by another trust with Mr. Ford as trustee
Trust holdings (41,800)
41,800 shares
Common stock held by a third trust with Mr. Ford as trustee
Key Terms
bona fide gift, pecuniary interest, beneficial ownership, Section 16 of the Securities Exchange Act of 1934, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
pecuniary interest financial
"he does not have any pecuniary interest and this report shall not be deemed"
beneficial ownership financial
"Mr. Ford disclaims beneficial ownership over all shares of Common Stock held"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
voting and investment control financial
"over which Mr. Ford may be deemed to exercise voting and investment control"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Westrock Coffee (WEST) report for Joe T. Ford?
Westrock Coffee director Joe T. Ford reported a bona fide gift of 110,000 common shares held by a trust he oversaw, contributed into new sub-trusts. He is not trustee of the sub-trusts, so control of those shares shifted away from him.
Did the Westrock Coffee (WEST) Form 4 include any corrections to prior reports?
Yes. A footnote explains a prior Form 4 filed on March 17, 2026 overreported shares acquired by 5,000 shares. The current report states the corrected share amount, aligning the disclosed position with the accurate number of Westrock Coffee shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
