6,427-share RSU grant to World Kinect (WKC) director boosts holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kottkamp Jeffrey Michael reported acquisition or exercise transactions in this Form 4 filing.
WORLD KINECT CORP director Jeffrey Michael Kottkamp received a grant of 6,427 shares of common stock in the form of restricted stock units. The award was granted at no cash cost to him as part of equity compensation.
The restricted stock units will vest 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. After this grant, Kottkamp holds 14,014 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kottkamp Jeffrey Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,427 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 14,014 shares (Direct, null)
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.
Key Figures
RSU grant size: 6,427 shares
Grant price: $0.00 per share
Shares held after grant: 14,014 shares
3 metrics
RSU grant size
6,427 shares
Restricted stock units of common stock granted to director
Grant price
$0.00 per share
Reported transaction price for the RSU grant
Shares held after grant
14,014 shares
Director’s directly held common stock following the transaction
Key Terms
restricted stock unit, vest, annual meeting of the shareholders
3 terms
restricted stock unit financial
"These shares were issued as a restricted stock unit grant to the reporting person"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vest financial
"The restricted stock units shall vest on the earlier of (i) the day prior"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did WORLD KINECT CORP (WKC) director Jeffrey Kottkamp report on this Form 4?
Jeffrey Michael Kottkamp reported receiving 6,427 restricted stock units of WORLD KINECT CORP common stock. This equity award is compensation, granted at no cash cost, and increases his directly held position to 14,014 shares after the transaction.
When do Jeffrey Kottkamp’s restricted stock units in WORLD KINECT CORP vest?
The restricted stock units vest on the earlier of two dates: the day before the next annual shareholder meeting following the grant date or the one-year anniversary of the grant date. This structure aligns director compensation timing with the company’s governance cycle.
Does WORLD KINECT CORP receive any cash from this restricted stock unit grant to Jeffrey Kottkamp?
No, the filing shows the restricted stock unit grant at a price of $0.00 per share, indicating no cash changed hands. It represents non-cash equity compensation issued by the company to the director rather than a cash-financed stock purchase.