World Kinect (WKC) director receives 6,427-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WORLD KINECT CORP director Jorge L. Benitez received a stock-based compensation grant. He was awarded 6,427 shares of common stock as restricted stock units at no cash cost, classified as a grant or award acquisition. After this grant, he directly holds 68,924 shares of common stock.
The restricted stock units will vest in full on the earlier of the day before the company’s next annual shareholder meeting following the grant date or the one-year anniversary of the grant date, aligning the director’s compensation with shareholder interests over that service period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Benitez Jorge L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,427 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 68,924 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
Grant price: $0.0000 per share
Shares held after grant: 68,924 shares
+1 more
4 metrics
RSU grant size
6,427 shares
Restricted stock unit award to director Jorge L. Benitez
Grant price
$0.0000 per share
Compensation grant, no cash paid by reporting person
Shares held after grant
68,924 shares
Total common stock directly owned after the transaction
Transaction code
A
Grant, award, or other acquisition of common stock
Key Terms
restricted stock unit, vest, grant date, grant, award, or other acquisition
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 restricted stock units shall vest on the earlier of ... 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.
grant, award, or other acquisition regulatory
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did WORLD KINECT CORP (WKC) report for Jorge L. Benitez?
WORLD KINECT CORP reported that director Jorge L. Benitez received a grant of 6,427 restricted stock units of common stock. The Form 4 classifies this as a grant or award acquisition, reflecting stock-based compensation rather than an open-market share purchase.
Was the WORLD KINECT CORP (WKC) transaction an open-market purchase or a stock grant?
The transaction was a stock grant, not an open-market purchase. The Form 4 lists transaction code A, described as a grant, award, or other acquisition, with a price per share of $0.0000, confirming it is compensation in restricted stock units.
What are the vesting terms of Jorge L. Benitez’s restricted stock units at WORLD KINECT CORP (WKC)?
The restricted stock units will vest on the earlier of two dates: the day before the next annual shareholder meeting following the grant date, or the one-year anniversary of the grant date. This vesting schedule ties the award to a roughly one-year service period.
How is the Form 4 transaction for WORLD KINECT CORP (WKC) classified?
The Form 4 classifies the transaction as a non-derivative acquisition under code A, described as a grant, award, or other acquisition. It covers 6,427 shares of common stock issued as restricted stock units directly to director Jorge L. Benitez by the issuer.