WEST insider filing: Scott Ford RSU tax-withholding reduces direct holdings
Rhea-AI Filing Summary
Scott T. Ford, Chief Executive Officer, Director and 10% owner of Westrock Coffee Co (WEST), reported a transaction on Form 4. On 08/29/2025, 23,880 shares of the issuer's common stock were disposed of at a price of $5.41 per share because the company withheld those shares to satisfy Mr. Ford's tax obligations when restricted stock units vested.
After the withholding, Mr. Ford directly beneficially owns 356,401 shares and is deemed to have indirect voting and investment power over 23,163,104 shares held of record by Westrock Group, LLC through related entities. The Form 4 was signed by an attorney-in-fact on 09/03/2025.
Positive
- Disclosure complies with Section 16 reporting by explicitly stating the withholding and providing explanatory footnotes
- Large indirect stake disclosed: 23,163,104 shares held of record by Westrock Group, with managerial chain explained
Negative
- Direct share reduction: 23,880 shares disposition via withholding reduced direct beneficial ownership to 356,401 shares
Insights
TL;DR: Routine tax-withholding disposition on vested RSUs; large indirect stake remains unchanged.
The reported disposal of 23,880 shares at $5.41 reflects share withholding to satisfy tax obligations upon RSU vesting, a common executive compensation event that does not indicate an open-market sale. The director retains a direct holding of 356,401 shares and potential control over 23,163,104 shares held by Westrock Group, reflecting concentrated ownership through related LLC structures. From a capital-structure perspective, this transaction slightly reduces Mr. Ford's direct share count but does not materially alter his indirect position or control as disclosed here.
TL;DR: Disclosure aligns with Section 16 reporting; indirect ownership via affiliated entities is clearly stated.
The filing identifies Scott T. Ford as CEO, director and 10% owner and provides the chain of record ownership and managerial control: Westrock Group holds the shares of record, Greenbrier Holdings, LLC is the manager, and Mr. Ford is sole member and manager of Greenbrier. The report includes the required explanation and disclaimer of beneficial ownership for shares over which Mr. Ford claims no pecuniary interest. The form appears procedurally complete and consistent with Section 16 transparency requirements.