Director Umesiri Oluwatoyin receives 10,798 RSUs at Westrock Coffee (WEST)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Umesiri Oluwatoyin reported acquisition or exercise transactions in this Form 4 filing.
Westrock Coffee Co director Umesiri Oluwatoyin received a grant of 10,798 restricted stock units (RSUs) of common stock. Each RSU represents one share and was granted under the Westrock Coffee Company 2022 Equity Incentive Plan. The RSUs will vest on June 5, 2027, if she continues serving on the board through that date, subject to certain early vesting conditions. Following this award, her direct common stock holdings total 37,509 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Umesiri Oluwatoyin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 10,798 | $0.00 | -- |
Holdings After Transaction:
COMMON STOCK — 37,509 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 10,798 shares
Total holdings after grant: 37,509 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
RSUs granted
10,798 shares
Restricted stock units of common stock granted to director
Total holdings after grant
37,509 shares
Director’s direct common stock holdings following transaction
Grant price per share
$0.00 per share
RSU award with no cash purchase price
Vesting date
June 5, 2027
Scheduled RSU vesting date, subject to continued board service
Key Terms
restricted stock units ("RSUs"), 2022 Equity Incentive Plan, contingent right, vesting, +1 more
5 terms
restricted stock units ("RSUs") financial
"These restricted stock units ("RSUs") are granted pursuant to the Westrock Coffee Company 2022 Equity Incentive Plan."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2022 Equity Incentive Plan financial
"These restricted stock units ("RSUs") are granted pursuant to the Westrock Coffee Company 2022 Equity Incentive Plan."
contingent right financial
"Each RSU represents a contingent right to receive one share of the issuer's common stock."
vesting financial
"The RSUs will vest on June 5, 2027, subject to the reporting person's continued service on the board of directors."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
par value financial
"Each RSU represents a contingent right to receive one share of the issuer's common stock, par value $0.01 per share."
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What did Westrock Coffee (WEST) director Umesiri Oluwatoyin report on this Form 4?
She reported receiving a grant of 10,798 restricted stock units of common stock. These RSUs were awarded under the Westrock Coffee Company 2022 Equity Incentive Plan and increase her direct holdings to 37,509 shares after the transaction.
When do Umesiri Oluwatoyin’s Westrock Coffee (WEST) RSUs vest?
The RSUs are scheduled to vest on June 5, 2027. Vesting is contingent on her continued service on the company’s board of directors through that date, subject to certain early vesting conditions described with the award.
What plan governs the RSU grant reported by Umesiri Oluwatoyin at Westrock Coffee (WEST)?
The RSUs were granted under the Westrock Coffee Company 2022 Equity Incentive Plan. This plan provides equity-based compensation, and each RSU in this grant represents a right to receive one share of common stock upon vesting.