World Kinect (NYSE: WKC) chair Kasbar sells 10,500 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WORLD KINECT CORP Executive Chairman Michael J. Kasbar reported open-market sales of company Common Stock. He sold 10,000 shares on May 4, 2026 at a weighted average price of $27.1071 per share and 500 shares on May 5, 2026 at $27.50 per share. The filing notes these sales were made under a previously adopted Rule 10b5-1 trading plan, indicating they were pre-scheduled. After these transactions, he directly holds 1,051,450 shares of World Kinect common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,500 shares ($284,821)
Net Sell
2 txns
Insider
KASBAR MICHAEL J
Role
Executive Chairman
Sold
10,500 shs ($285K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 500 | $27.50 | $14K |
| Sale | Common Stock | 10,000 | $27.1071 | $271K |
Holdings After Transaction:
Common Stock — 1,051,450 shares (Direct, null)
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 $26.47 to $27.26, 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.
Key Figures
Shares sold May 4, 2026: 10,000 shares
Price May 4, 2026: $27.1071 per share
Shares sold May 5, 2026: 500 shares
+3 more
6 metrics
Shares sold May 4, 2026
10,000 shares
Open-market sale of Common Stock at $27.1071 per share
Price May 4, 2026
$27.1071 per share
Weighted average sale price for 10,000 shares
Shares sold May 5, 2026
500 shares
Open-market sale of Common Stock at $27.50 per share
Price May 5, 2026
$27.50 per share
Sale price for 500 shares
Total shares sold
10,500 shares
Net shares sold across two open-market transactions
Shares held after transactions
1,051,450 shares
Direct ownership of WORLD KINECT Common Stock following the reported sales
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, Common Stock, open-market sale
4 terms
Rule 10b5-1 trading plan financial
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price represents the weighted average sale price for multiple transactions reported on this line"
Common Stock financial
"security_title: "Common Stock" in the reported transactions"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
open-market sale financial
"transaction_action: "open-market sale" for the reported trades"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transactions did WORLD KINECT (WKC) report for Michael Kasbar?
WORLD KINECT Executive Chairman Michael J. Kasbar reported selling 10,500 shares of Common Stock. He sold 10,000 shares on May 4, 2026 and 500 shares on May 5, 2026 in open-market transactions disclosed in a Form 4 filing.
Were Michael Kasbar’s WORLD KINECT (WKC) stock sales pre-planned?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted by Kasbar. Such plans pre-schedule trades, helping separate routine portfolio management from discretionary market-timing decisions by executives.
What does a Rule 10b5-1 trading plan mean for WORLD KINECT (WKC) insider sales?
A Rule 10b5-1 trading plan allows insiders to pre-arrange stock trades while not in possession of material nonpublic information. For WORLD KINECT, Kasbar’s Form 4 indicates his reported sales followed such a plan, suggesting a structured, pre-planned selling program.