World Kinect (NYSE: WKC) executive chair sells 10,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WORLD KINECT CORP Executive Chairman Michael J. Kasbar reported an open-market sale of 10,000 shares of common stock at a weighted-average price of $25.02 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 24, 2025. After this transaction, he directly holds 1,112,333 shares, with an additional 1,340 shares held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($250,200)
Net Sell
2 txns
Insider
KASBAR MICHAEL J
Role
Executive Chairman
Sold
10,000 shs ($250K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $25.02 | $250K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,112,333 shares (Direct);
Common Stock — 1,340 shares (Indirect, By Spouse)
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted on November 24, 2025. The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $25.00 to $25.07, inclusive. The reporting person undertakes to provide the issuer and will provide any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each separate price within the specified range.
FAQ
What insider transaction did WORLD KINECT CORP (WKC) disclose on this Form 4?
WORLD KINECT CORP reported that Executive Chairman Michael J. Kasbar sold 10,000 shares of common stock. The transaction was an open-market sale at a weighted-average price of $25.02 per share, documented as part of his Section 16 insider reporting obligations.
Was the WKC insider sale by Michael J. Kasbar under a Rule 10b5-1 plan?
Yes, the 10,000-share sale by Michael J. Kasbar was executed under a Rule 10b5-1 trading plan. The filing notes this plan was previously adopted on November 24, 2025, indicating the sale followed a pre-arranged, automated trading schedule.
What portion of Michael J. Kasbar’s WKC holdings were sold in this Form 4?
The Form 4 shows a sale of 10,000 shares compared to post-transaction direct holdings of 1,112,333 shares. This indicates only a small fraction of his disclosed direct ownership was sold in the open-market transaction covered by this filing.