World Kinect (NYSE: WKC) chair withholds shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WORLD KINECT CORP Executive Chairman Michael J. Kasbar reported routine share dispositions related to tax withholding, not open-market trades. On March 15, 2026, restricted stock units totaling 25,032 and 21,459 vested and settled, and the issuer withheld 18,296 common shares at $22.80 per share to cover associated tax liabilities. After these transactions, Kasbar held a little over 1.09 million shares directly and 1,340 shares indirectly through his spouse, indicating he retains a substantial equity stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
KASBAR MICHAEL J
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,851 | $22.80 | $225K |
| Tax Withholding | Common Stock | 8,445 | $22.80 | $193K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,102,482 shares (Direct);
Common Stock — 1,340 shares (Indirect, By Spouse)
Footnotes (1)
- 25,032 restricted stock units held by the reporting person vested and settled on March 15, 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 13, 2026. 21,459 restricted stock units held by the reporting person vested and settled on March 15, 2026. The issuer withheld the reported shares to cover the reporting person's tax liability associated with these restricted stock units.
FAQ
What did WORLD KINECT CORP Executive Chairman Michael Kasbar report in this Form 4 for WKC?
Michael Kasbar reported routine tax-withholding share dispositions rather than open-market trades. Restricted stock units vested and settled, and the issuer withheld 18,296 common shares at $22.80 per share to satisfy his tax liabilities on those equity awards.
How many WORLD KINECT CORP restricted stock units vested for Michael Kasbar?
Two tranches of restricted stock units vested for Michael Kasbar. Awards of 25,032 and 21,459 restricted stock units vested and settled on March 15, 2026, triggering the related tax-withholding share dispositions disclosed in this Form 4 filing for WORLD KINECT CORP (WKC).
Were Michael Kasbar’s WKC Form 4 transactions open-market sales of WORLD KINECT CORP stock?
No, the Form 4 transactions were tax-withholding dispositions, not open-market sales. WORLD KINECT CORP withheld 18,296 common shares at $22.80 per share to cover Kasbar’s tax obligations on vested restricted stock units, a common equity compensation practice.