Westrock Coffee (WEST) grants 41,992 restricted stock units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Parent Kenneth M. reported acquisition or exercise transactions in this Form 4 filing.
Westrock Coffee Co director Kenneth M. Parent reported an award of 41,992 shares of common stock in the form of restricted stock units granted at no cash cost under the company’s 2022 Equity Incentive Plan. Each RSU represents one share and will vest on June 5, 2027, subject to his continued board service and certain early vesting conditions. Following this grant, he holds 202,943 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Parent Kenneth M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 41,992 | $0.00 | -- |
Holdings After Transaction:
COMMON STOCK — 202,943 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 41,992 shares
Grant price per share: $0.00 per share
Total holdings after grant: 202,943 shares
+1 more
4 metrics
RSU grant size
41,992 shares
Restricted stock units granted on June 5, 2026
Grant price per share
$0.00 per share
Equity award, not an open-market purchase
Total holdings after grant
202,943 shares
Direct ownership following the RSU award
RSU vesting date
June 5, 2027
Vesting contingent on continued board service
Key Terms
restricted stock units, RSUs, 2022 Equity Incentive Plan, vesting
4 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.
RSUs financial
"Each RSU represents a contingent right to receive one share of the issuer's common stock"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
2022 Equity Incentive Plan financial
"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"
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 WEST director Kenneth M. Parent report?
Kenneth M. Parent reported receiving 41,992 restricted stock units in Westrock Coffee Co common stock as a compensation award. The RSUs were granted at no cash cost and represent potential future shares, aligning his interests with shareholders through equity-based pay that vests over time.
What are the terms of the 41,992 RSUs granted to WEST director Kenneth M. Parent?
The 41,992 RSUs were granted under the Westrock Coffee Company 2022 Equity Incentive Plan. Each unit represents a contingent right to receive one common share. The units vest on June 5, 2027, provided Parent remains on the board and certain early vesting conditions are met.
When do Kenneth M. Parent’s new Westrock Coffee RSUs vest?
The 41,992 restricted stock units granted to Kenneth M. Parent are scheduled to vest on June 5, 2027. Vesting requires that he continue serving on Westrock Coffee’s board through that date, subject to certain early vesting conditions described in the award’s governing terms.