Westrock Coffee (WEST) awards 20,359 RSUs to chief legal officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Harvey Larry Keith reported acquisition or exercise transactions in this Form 4 filing.
Westrock Coffee Co senior vice president and chief legal officer Harvey Larry Keith received a grant of 20,359 restricted stock units (RSUs) of common stock at no purchase price as part of his equity compensation. Each RSU represents a right to one share of common stock.
The RSUs vest in three equal annual installments starting on April 1, 2027, subject to his continued employment and certain early vesting conditions. Following this grant, he is reported as directly holding 20,389 shares of common stock, reflecting a relatively small personal stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harvey Larry Keith
Role
SVP - CHIEF LEGAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 20,359 | $0.00 | -- |
Holdings After Transaction:
COMMON STOCK — 20,389 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 20,359 RSUs
Grant price per share: $0.00 per share
Shares held after grant: 20,389 shares
+2 more
5 metrics
RSUs granted
20,359 RSUs
Equity award to SVP - Chief Legal Officer
Grant price per share
$0.00 per share
RSU award, no purchase price
Shares held after grant
20,389 shares
Common stock directly owned following transaction
Vesting schedule
3 equal annual installments
RSUs vest annually starting April 1, 2027
First vesting date
April 1, 2027
Initial vesting for RSU award
Key Terms
restricted stock units ("RSUs"), 2022 Equity Incentive Plan, contingent right to receive one share, vest annually in three equal installments
4 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
"RSUs are granted pursuant to the Westrock Coffee Company 2022 Equity Incentive Plan."
vest annually in three equal installments financial
"The RSUs will vest annually in three equal installments starting on April 1, 2027."
FAQ
What insider transaction did Harvey Larry Keith report at Westrock Coffee (WEST)?
Harvey Larry Keith reported receiving 20,359 restricted stock units (RSUs) of Westrock Coffee common stock as an equity grant. The grant was made at no purchase price and is tied to future service-based vesting conditions.
What are the vesting terms of Harvey Larry Keith’s RSUs at Westrock Coffee (WEST)?
The 20,359 RSUs vest in three equal annual installments beginning April 1, 2027. Vesting is conditioned on his continued employment with Westrock Coffee and certain early vesting conditions described in the award documentation.
Under which equity plan were Harvey Larry Keith’s RSUs at Westrock Coffee (WEST) granted?
The RSUs were granted under the Westrock Coffee Company 2022 Equity Incentive Plan. This plan provides for equity awards like restricted stock units that align executive compensation with the company’s long-term performance.