WORLD KINECT (WKC) CEO has RSUs vest, shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WORLD KINECT CORP Chief Executive Officer Ira M. Birns reported a routine tax-withholding transaction related to restricted stock units. On March 28, 2026, 7,814 restricted stock units vested and settled, and the issuer withheld 2,741 shares of common stock to cover his tax liability.
The withheld shares are valued at $23.36 per share, based on the March 27, 2026 NYSE closing price. Following this non-market disposition, Birns directly holds 269,409 shares of WORLD KINECT CORP common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Birns Ira M
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,741 | $23.36 | $64K |
Holdings After Transaction:
Common Stock — 269,409 shares (Direct)
Footnotes (1)
- 7,814 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
Shares withheld for taxes: 2,741 shares
Withholding reference price: $23.36 per share
RSUs vested: 7,814 units
+1 more
4 metrics
Shares withheld for taxes
2,741 shares
Common stock withheld on March 28, 2026
Withholding reference price
$23.36 per share
Closing price on NYSE on March 27, 2026
RSUs vested
7,814 units
Restricted stock units vested and settled on March 28, 2026
Shares held after transaction
269,409 shares
Direct holdings of CEO Ira M. Birns after withholding
Key Terms
restricted stock units, tax liability, withheld
3 terms
restricted stock units financial
"7,814 restricted stock units held by the reporting person vested and settled on March 28, 2026."
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.
tax liability financial
"The issuer withheld the reported shares to cover the reporting person's tax liability associated with these restricted stock units."
withheld financial
"The issuer withheld the reported shares to cover the reporting person's tax liability associated with these restricted stock units."
FAQ
What insider transaction did WORLD KINECT CORP (WKC) report for Ira M. Birns?
WORLD KINECT CORP reported that CEO Ira M. Birns had 7,814 restricted stock units vest on March 28, 2026. To cover the related tax liability, the issuer withheld 2,741 shares of common stock instead of Birns selling shares in the open market.
Was the WORLD KINECT CORP (WKC) Form 4 transaction an open-market sale by the CEO?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by WORLD KINECT CORP to satisfy Ira M. Birns’ tax liability on vested restricted stock units that settled on March 28, 2026.