Director Ken Bakshi receives 7,070-share RSU award at World Kinect (WKC)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BAKSHI KEN reported acquisition or exercise transactions in this Form 4 filing.
WORLD KINECT CORP director Ken Bakshi received a stock-based compensation award, not an open‑market purchase. He was granted 7,070 shares of common stock as a restricted stock unit grant at a stated price of $0.00 per share. Following this award, he directly holds 59,306 shares of common stock. The restricted stock units will vest on the earlier of the day before the next annual shareholder meeting after the grant date or the one‑year anniversary of the grant date, tying the award to a roughly one‑year service period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BAKSHI KEN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,070 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 59,306 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: 7,070 shares
Grant price: $0.00 per share
Post-grant holdings: 59,306 shares
+2 more
5 metrics
RSU grant size
7,070 shares
Restricted stock unit grant to director Ken Bakshi
Grant price
$0.00 per share
Stated price for RSU award (compensation, not purchase)
Post-grant holdings
59,306 shares
Total common shares held directly after the award
Vesting condition 1
Earlier of day prior to next annual meeting
One of the vesting triggers for the RSUs
Vesting condition 2
One-year anniversary of grant date
Alternative vesting trigger for the RSUs
Key Terms
restricted stock unit, vest, annual meeting of the shareholders, grant date
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.
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.
grant date financial
"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"
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.
FAQ
What insider transaction did WORLD KINECT CORP (WKC) report for Ken Bakshi?
WORLD KINECT CORP reported that director Ken Bakshi received 7,070 shares of common stock as a restricted stock unit grant. This is a stock-based compensation award, not an open-market share purchase or sale.
When do Ken Bakshi’s new restricted stock units in WORLD KINECT CORP (WKC) vest?
The restricted stock units vest on the earlier of two dates: the day before the next annual shareholder meeting after the grant date, or the one-year anniversary of the grant date, linking vesting to about one year of service.
What does the $0.00 price on Ken Bakshi’s WORLD KINECT CORP (WKC) grant mean?
The $0.00 price indicates the 7,070 shares were granted as compensation rather than bought for cash. They are restricted stock units awarded by WORLD KINECT CORP, subject to the specified vesting schedule.