World Kinect (NYSE: WKC) chair uses 8,927 shares for RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WORLD KINECT CORP Executive Chairman Michael J. Kasbar had 22,684 restricted stock units vest and settle on March 28, 2026. To cover the related tax liability, the issuer withheld 8,927 shares of common stock at a reference price of $23.36 per share. After this tax-withholding disposition, Kasbar holds 1,085,110 common shares directly and 1,340 shares indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
KASBAR MICHAEL J
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 8,927 | $23.36 | $209K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,085,110 shares (Direct);
Common Stock — 1,340 shares (Indirect, By Spouse)
Footnotes (1)
- 22,684 restricted stock units held by the reporting person vested and settled on March 28, 2026. The issuer withheld the reported shares to cover the reporting person's tax liability associated with these restricted stock units. The price shown is the closing price of the issuer's common stock on the NYSE on March 27, 2026.
Key Figures
RSUs vested: 22,684 units
Shares withheld for taxes: 8,927 shares
Reference share price: $23.36 per share
+2 more
5 metrics
RSUs vested
22,684 units
Restricted stock units vested and settled on March 28, 2026
Shares withheld for taxes
8,927 shares
Common shares withheld to cover RSU-related tax liability
Reference share price
$23.36 per share
Closing price on NYSE on March 27, 2026
Direct holdings after transaction
1,085,110 shares
Common shares directly owned by Michael J. Kasbar
Indirect holdings after transaction
1,340 shares
Common shares held by spouse, reported as indirect ownership
Key Terms
restricted stock units, withheld, tax liability, indirect, +1 more
5 terms
restricted stock units financial
"22,684 restricted stock units held by the reporting person vested and settled"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withheld financial
"The issuer withheld the reported shares to cover the reporting person's tax liability"
tax liability financial
"to cover the reporting person's tax liability associated with these restricted stock units"
indirect financial
"total_shares_following_transaction": "1340.0000", "direct_or_indirect": "I""
closing price financial
"The price shown is the closing price of the issuer's common stock"
FAQ
What did WORLD KINECT CORP insider Michael J. Kasbar report on this Form 4 for WKC?
Michael J. Kasbar reported vesting of 22,684 restricted stock units and a related tax-withholding disposition of 8,927 WORLD KINECT CORP common shares. These shares were withheld by the issuer to satisfy tax obligations linked to the RSU settlement.