World Kinect (NYSE: WKC) chair sells 23,653 shares under 10b5-1 plan
Rhea-AI Filing Summary
World Kinect Corp’s Executive Chairman Michael Kasbar sold 23,653 shares of common stock in open‑market transactions. The sales took place on April 24, 2026 at prices ranging from about $27.31 to $29.80 per share.
The filing states these sales were made under a previously adopted Rule 10b5-1 trading plan dated November 24, 2025. After the transactions, Kasbar directly holds about 1,062,797 shares of World Kinect common stock, reflecting continued substantial ownership.
Positive
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Insights
Kasbar’s planned stock sales are modest relative to his remaining stake.
Executive Chairman Michael Kasbar sold a total of 23,653 common shares of WORLD KINECT CORP in open‑market trades at prices between roughly $27.31 and $29.80 per share. The actions are pure share disposals, with no options exercised in this filing.
The filing notes the sales were executed pursuant to a Rule 10b5-1 trading plan adopted on November 24, 2025, indicating they were pre‑scheduled rather than opportunistic. Following the sales, Kasbar still owns about 1,062,797 shares directly, suggesting these trades represent a relatively small portion of his visible holdings.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,163 | $27.4707 | $444K |
| Sale | Common Stock | 590 | $28.7652 | $17K |
| Sale | Common Stock | 6,900 | $29.80 | $206K |
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person on November 24, 2025. The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $27.305 to $28.29, inclusive. The reporting person undertakes to provide the issuer and will provide any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each separate price within the specified range. Includes 1, 340 shares previously reported as held indirectly by the Reporting Person's spouse which were transferred to the Reporting Person for estate planning purposes. The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $28.30 to $29.26, inclusive. The reporting person undertakes to provide the issuer and will provide any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each separate price within the specified range.