Director at World Kinect (WKC) receives 6,427 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cherwoo Sharda reported acquisition or exercise transactions in this Form 4 filing.
WORLD KINECT CORP director Sharda Cherwoo received an equity award of 6,427 shares of common stock as a restricted stock unit grant. The grant was awarded at no cash cost per share and increases her directly held position to 48,874 shares after the transaction.
The restricted stock units will vest in full on the earlier of the day before the company’s next annual shareholders’ meeting following the grant date or the one-year anniversary of the grant date, aligning the director’s compensation with shareholder outcomes over that period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cherwoo Sharda
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,427 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 48,874 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 per share: $0.00 per share
Shares held after grant: 48,874 shares
3 metrics
RSU grant size
6,427 shares
Restricted stock unit award of common stock to director
Grant price per share
$0.00 per share
Equity award issued at no cash cost to the director
Shares held after grant
48,874 shares
Director’s direct ownership following the RSU grant
Key Terms
restricted stock unit, vest, annual meeting of the shareholders, grant, award, or other acquisition
4 terms
restricted stock unit financial
"These shares were issued as a restricted stock unit grant to the reporting person by the issuer."
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 to the annual meeting..."
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.
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did WORLD KINECT CORP (WKC) report for Sharda Cherwoo?
WORLD KINECT CORP reported that director Sharda Cherwoo received a grant of 6,427 restricted stock units of common stock. The award was issued at no cash cost per share and increased her directly held position to 48,874 shares after the transaction.
What are the vesting terms of Sharda Cherwoo’s restricted stock units at WORLD KINECT CORP (WKC)?
The restricted stock units granted to Sharda Cherwoo vest on the earlier of two triggers: the day prior to the next annual meeting of WORLD KINECT CORP shareholders following the grant date, or the one-year anniversary of the grant date, providing a defined time-based vesting schedule.
Is the WORLD KINECT CORP (WKC) transaction for Sharda Cherwoo a sale or a purchase signal?
The transaction is an equity award, classified as a grant or other acquisition of 6,427 restricted stock units. It is a compensation-related grant at no cash cost, not an open-market purchase or sale, and is typically viewed as routine director compensation rather than a trading signal.