World Kinect chair uses shares to cover taxes
WORLD KINECT CORP Executive Chairman Michael J. Kasbar reported routine share dispositions related to tax withholding, not open-market trades.
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Rhea-AI Filing Summary
WORLD KINECT CORP Executive Chairman Michael J. Kasbar reported routine share dispositions related to tax withholding, not open-market trades. On March 15, 2026, restricted stock units totaling 25,032 and 21,459 vested and settled, and the issuer withheld 18,296 common shares at $22.80 per share to cover associated tax liabilities. After these transactions, Kasbar held a little over 1.09 million shares directly and 1,340 shares indirectly through his spouse, indicating he retains a substantial equity stake.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 9,851 | $22.80 | $225K |
| Exercise Price or Tax Liability | Common Stock | 8,445 | $22.80 | $193K |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. 25,032 restricted stock units held by the reporting person vested and settled on March 15, 2026. The issuer withheld the reported shares to cover the reporting person's tax liability associated with these restricted stock units.
- F2. The price shown is the closing price of the issuer's common stock on the NYSE on March 13, 2026.
- F3. 21,459 restricted stock units held by the reporting person vested and settled on March 15, 2026. The issuer withheld the reported shares to cover the reporting person's tax liability associated with these restricted stock units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did WORLD KINECT CORP Executive Chairman Michael Kasbar report in this Form 4 for WKC?
How many WORLD KINECT CORP restricted stock units vested for Michael Kasbar?
Were Michael Kasbar’s WKC Form 4 transactions open-market sales of WORLD KINECT CORP stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.