Director Hugh McColl III granted 10,798 RSUs at Westrock Coffee (WEST)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McColl Hugh III reported acquisition or exercise transactions in this Form 4 filing.
Westrock Coffee Co director Hugh McColl III received a stock-based compensation grant. On June 5, he was awarded 10,798 restricted stock units (RSUs) under the company’s 2022 Equity Incentive Plan at no cash cost per unit.
Each RSU represents a right to receive one share of common stock, vesting on June 5, 2027, if he continues serving on the board and certain early vesting conditions are met. After this award, his reported direct holdings total 49,009 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McColl Hugh III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 10,798 | $0.00 | -- |
Holdings After Transaction:
COMMON STOCK — 49,009 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 10,798 units
Grant price: $0.00 per share
Holdings after transaction: 49,009 shares
+1 more
4 metrics
RSUs granted
10,798 units
Restricted stock units awarded on June 5, 2026
Grant price
$0.00 per share
Equity award, no cash paid by director
Holdings after transaction
49,009 shares
Common stock directly held after RSU award
RSU vesting date
June 5, 2027
Vesting subject to continued board service and early vesting terms
Key Terms
restricted stock units, 2022 Equity Incentive Plan, vesting
3 terms
restricted stock units financial
"These restricted stock units ("RSUs") are granted pursuant to the Westrock Coffee Company 2022 Equity Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2022 Equity Incentive Plan financial
"These restricted stock units ("RSUs") are granted pursuant to the Westrock Coffee Company 2022 Equity Incentive Plan."
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.
FAQ
What insider transaction did Westrock Coffee Co (WEST) report for Hugh McColl III?
Westrock Coffee Co reported that director Hugh McColl III received 10,798 restricted stock units as a stock-based award. The grant was made at no cash cost per unit and increased his reported direct holdings to 49,009 shares of common stock.
When do Hugh McColl III’s Westrock Coffee (WEST) RSUs vest?
The RSUs granted to Hugh McColl III vest on June 5, 2027, if he continues serving on Westrock Coffee’s board. The award may also be subject to certain early vesting conditions, as outlined under the company’s 2022 Equity Incentive Plan.
What does each Westrock Coffee (WEST) RSU granted to Hugh McColl III represent?
Each restricted stock unit granted to Hugh McColl III represents a contingent right to receive one share of Westrock Coffee common stock. Delivery of shares is conditioned on vesting, which requires continued board service through June 5, 2027, or meeting early vesting conditions.
Under which plan were Hugh McColl III’s Westrock Coffee (WEST) RSUs granted?
The RSUs were granted under the Westrock Coffee Company 2022 Equity Incentive Plan. This plan allows the company to issue equity-based awards such as restricted stock units to directors and other eligible participants as part of their compensation.