World Kinect (WKC) director receives 6,106-share RSU award and updates trust holdings
Rhea-AI Filing Summary
STEBBINS PAUL H reported acquisition or exercise transactions in this Form 4 filing.
WORLD KINECT CORP director Paul H. Stebbins reported an equity award and updated share holdings. He received 6,106 shares of common stock as a restricted stock unit grant at no cash cost. These units vest on the earlier of the day before the next annual shareholder meeting or the one-year anniversary of the grant date.
After this grant, Stebbins directly holds 26,778 common shares. Separately, 92,323 common shares are held indirectly by the Boitz Stebbins Irrevocable Family Trust. Footnotes state that 19,997 of these trust-held shares were transferred from his direct holdings for estate planning, and he disclaims beneficial ownership of shares in which he has no pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,106 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
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. Includes 19,997 shares previously reported as held directly by the Reporting Person and which were transferred to the Boitz Stebbins Irrevocable Family Trust (the "Irrevocable Trust") for estate planning purposes. Shares are held by the Irrevocable 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.