World Kinect director granted 6,427 restricted shares
WORLD KINECT CORP director Jorge L. Benitez received a stock-based compensation grant.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
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
vest financial
grant date financial
grant, award, or other acquisition regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WORLD KINECT CORP (WKC) report for Jorge L. Benitez?
Was the WORLD KINECT CORP (WKC) transaction an open-market purchase or a stock grant?
What are the vesting terms of Jorge L. Benitez’s restricted stock units at WORLD KINECT CORP (WKC)?
How is the Form 4 transaction for WORLD KINECT CORP (WKC) classified?
AI-generated analysis. How Rhea-AI works. Not financial advice.