Director Paul Stebbins sells 20,828 WORLD KINECT (WKC) shares, keeps large stake
Rhea-AI Filing Summary
WORLD KINECT CORP director Paul H. Stebbins reported an open-market sale of common stock. On May 5, 2026, he sold 20,828 shares at a weighted average price of $27.6863 per share in a series of trades.
Following the sale, Stebbins holds 40,669 shares of WORLD KINECT CORP common stock directly. In addition, 72,326 shares are held indirectly by the Boitz Stebbins Irrevocable Family Trust, where he serves as trustee and a beneficiary, and he disclaims beneficial ownership of shares in which he has no pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Director Paul Stebbins made an open-market sale but retains significant WKC holdings.
The filing shows Paul H. Stebbins, a director of WORLD KINECT CORP, executed an open-market sale of 20,828 common shares at a weighted average price of $27.6863 on May 5, 2026, a straightforward disposition under code S.
After this transaction, he continues to hold 40,669 shares directly, while 72,326 shares are held through the Boitz Stebbins Irrevocable Family Trust. The footnote states he is trustee and a beneficiary and disclaims beneficial ownership where he lacks pecuniary interest, indicating part of the indirect position may not represent his full economic exposure.
No derivative positions are listed, and there is no mention of a Rule 10b5-1 trading plan in the excerpt. Based solely on this data, the sale appears as a routine portfolio move rather than a transformational governance or balance-sheet event for the company.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,828 | $27.6863 | $577K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $27.58 to $27.765, 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. Shares are held by the Boitz Stebbins Irrevocable Family Trust, of which the reporting person is the trustee and a beneficiary. The reporting person disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.