Director at World Kinect (NYSE: WKC) receives 6,427 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WORLD KINECT CORP director Gregory F. Piper received a grant of 6,427 shares of common stock in the form of restricted stock units at no purchase price. After this award, he directly holds 12,164 shares. The restricted stock units will vest on the earlier of the day before the company’s next annual shareholder meeting or the one-year anniversary of the grant date, meaning they convert into shares over time as long as service conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Piper Gregory F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,427 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,164 shares (Direct, null)
Footnotes (1)
- These shares were issued as a restricted stock unit grant to the reporting person by the issuer. The restricted stock units shall vest on the earlier of (i) the day prior to the annual meeting of the shareholders of the issuer that next follows the grant date or (ii) the one-year anniversary of the grant date.
Key Figures
RSU grant size: 6,427 shares
Price per share: $0.0000
Holdings after grant: 12,164 shares
+2 more
5 metrics
RSU grant size
6,427 shares
Restricted stock unit grant of common stock
Price per share
$0.0000
Awarded at no purchase price
Holdings after grant
12,164 shares
Total common stock directly held post-transaction
Vesting trigger 1
Day prior to next annual meeting
One of two alternative vesting conditions
Vesting trigger 2
One-year anniversary of grant date
Alternative vesting condition for RSUs
Key Terms
restricted stock unit, grant date, vest, annual meeting of the shareholders
4 terms
restricted stock unit financial
"These shares were issued as a restricted stock unit grant to the reporting person by the issuer."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
grant date financial
"the annual meeting of the shareholders of the issuer that next follows the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
vest financial
"The restricted stock units shall vest on the earlier of (i) the day prior to the annual meeting"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did WORLD KINECT CORP (WKC) report for Gregory F. Piper?
WORLD KINECT CORP reported that director Gregory F. Piper received a grant of 6,427 restricted stock units of common stock. These units were awarded at no purchase price as part of his compensation and increase his direct holdings to 12,164 shares after the transaction.
What is the vesting schedule for Gregory F. Piper’s WORLD KINECT CORP restricted stock units?
The restricted stock units granted to Gregory F. Piper will vest on the earlier of two dates. They vest either the day prior to the next annual meeting of WORLD KINECT CORP shareholders following the grant date, or on the one-year anniversary of the grant date, whichever comes first.
What does the Form 4 code 'A' mean in WORLD KINECT CORP director Gregory F. Piper’s filing?
In this Form 4, transaction code "A" indicates a grant, award, or other acquisition of securities. For Gregory F. Piper, it reflects the issuance of 6,427 restricted stock units of WORLD KINECT CORP common stock as part of his director compensation, not an open-market trade.