World Kinect (NYSE: WKC) CFO granted 8,772-share restricted stock unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tejada Jose-Miguel reported acquisition or exercise transactions in this Form 4 filing.
World Kinect Corp executive Jose-Miguel Tejada received a new equity award in the form of restricted stock units. He was granted 8,772 shares of common stock as a stock award at no cash cost per share, increasing his directly held position to 43,603 shares after the award.
The footnotes state that these restricted stock units will vest in three equal installments beginning on March 15, 2027, meaning the shares are earned over time rather than all at once. This is a compensation-related grant, not an open-market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tejada Jose-Miguel
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,772 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 43,603 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did WORLD KINECT CORP (WKC) report for Jose-Miguel Tejada?
WORLD KINECT CORP reported that EVP and Chief Financial Officer Jose-Miguel Tejada received a grant of 8,772 shares of common stock as a stock award. This was a compensation-related acquisition, not an open-market purchase, and increased his directly held shares to 43,603.
Was the WKC insider transaction by Jose-Miguel Tejada a stock purchase or an equity award?
The transaction was an equity award, not a market purchase. Jose-Miguel Tejada received 8,772 shares at a price of $0.0000 per share, reflecting a grant or award of restricted stock units as part of his compensation rather than a cash-funded stock buy.
How do the restricted stock units granted to WKC’s CFO vest over time?
The restricted stock units will vest in three equal installments beginning on March 15, 2027. This means the 8,772-share award is earned gradually over three vesting dates, aligning the CFO’s long-term incentives with the company’s performance and ongoing service.
Does WORLD KINECT CORP receive any cash from this insider equity award to the CFO?
No cash changes hands in this transaction. The shares were granted at a transaction price of $0.0000 per share as a stock-based compensation award, so the company does not receive cash proceeds, and the CFO did not buy shares in the open market.
Is the WKC CFO’s reported transaction a buy or sell signal for investors?
The filing reflects a grant of 8,772 restricted stock units, not a buy or sell trade. It is routine stock-based compensation for the EVP and CFO, with shares vesting over time, rather than an active decision to purchase or sell shares on the open market.