World Kinect (NYSE: WKC) chair sells 10K shares under 10b5-1 plan
Rhea-AI Filing Summary
World Kinect Corp Executive Chairman Michael J. Kasbar sold 10,000 shares of common stock on 2026-08-03 in a transaction reported as a sale in open market or private transactions at a weighted average price of $39.4147 per share. The trades were executed under a Rule 10b5-1 trading plan adopted on November 24, 2025, with individual prices ranging from $39.23 to $39.70. Following this sale, Kasbar directly holds 976,450 shares of World Kinect common stock.
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Insider Trade Summary 10b5-1
Net Seller: 10,000 shares
Net Sell
1 txn
Insider
KASBAR MICHAEL J
Role
Executive Chairman
Sold
10,000 shs ($394K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 10,000 | $39.4147 | $394K |
Holdings After Transaction:
Common Stock — 976,450 shares (Direct)
Footnotes (2)
- F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted on November 24, 2025.
- F2. The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $39.23 to $39.70, 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.
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $39.4147 per share
Sale price range: $39.23 to $39.70 per share
+2 more
5 metrics
Shares sold
10,000 shares
Common Stock sold by Michael J. Kasbar on 2026-08-03
Weighted average sale price
$39.4147 per share
Weighted average price for the reported 10,000-share sale
Sale price range
$39.23 to $39.70 per share
Range of individual transaction prices within the sale
Shares owned after transaction
976,450 shares
Direct World Kinect Common Stock holdings following the sale
Net shares sold
10,000 shares
Net change in Common Stock holdings across all reported transactions
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, Executive Chairman
3 terms
Rule 10b5-1 trading plan regulatory
"The sales ... were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price represents the weighted average sale price for multiple transactions"
Executive Chairman other
"Michael J. Kasbar serves as Executive Chairman of the issuer"
An executive chairman is the board leader who also takes an active role in running the company, combining oversight of the board with hands-on involvement in strategy and major decisions. For investors, this matters because it concentrates influence in one person—like a team captain who both sets the game plan and plays on the field—so their judgment can speed decisions but also increases governance and succession risk that can affect stock value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did World Kinect (WKC) report for Michael J. Kasbar?
World Kinect reported that Executive Chairman Michael J. Kasbar sold 10,000 shares of common stock on 2026-08-03. The transaction was coded as a sale in open market or private transactions and executed under a pre-arranged Rule 10b5-1 trading plan.
Was Michael J. Kasbar’s World Kinect (WKC) stock sale under a Rule 10b5-1 plan?
Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted on November 24, 2025. Such plans allow pre-scheduled trades, reducing the significance of trade timing as a signal of the insider’s view on the company.
Is Michael J. Kasbar’s World Kinect (WKC) transaction a direct or indirect holding change?
The reported 10,000-share sale involved directly owned World Kinect common stock. Following this transaction, his direct holdings total 976,450 shares, with no additional derivative transactions or indirect ownership changes disclosed in this particular filing.