World Kinect (NYSE: WKC) awards 6,427 restricted stock units to director
Rhea-AI Filing Summary
Smith Andrea B reported acquisition or exercise transactions in this Form 4 filing.
World Kinect Corp director Andrea B. Smith received an equity award of 6,427 shares of common stock in the form of restricted stock units. These units vest on the earlier of the day before the company’s next annual shareholder meeting or the one-year anniversary of the grant date. Following this grant, Smith directly holds 10,686 shares of World Kinect common stock.
Positive
- None.
Negative
- None.
Insights
Andrea Smith received a routine restricted stock grant as director compensation.
Director Andrea B. Smith was granted 6,427 restricted stock units of World Kinect Corp common stock as compensation, at no cash cost to her. This is coded as an acquisition under transaction code A, indicating a grant or award.
The units vest on the earlier of the day before the next annual shareholder meeting or one year after the grant date, aligning incentives with shareholders over roughly a one-year horizon. After the award, Smith’s direct holdings total 10,686 shares, suggesting the transaction is modest in scale and typical for board compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,427 | $0.00 | $0.00 |
Footnotes (2)
- F1. These shares were issued as a restricted stock unit grant to the reporting person by the issuer.
- F2. 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
Key Terms
restricted stock unit financial
Form 4 regulatory
grant, award, or other acquisition financial
FAQ
What insider transaction did World Kinect (WKC) report for Andrea B. Smith?
What type of equity award did World Kinect (WKC) grant to Andrea B. Smith?
When do Andrea B. Smith’s restricted stock units in World Kinect (WKC) vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.