Birns Ira M 4

What Happened

• Ira M. Birns, CEO of World Kinect Corp (WKC), had 7,814 restricted stock units (RSUs) vest and settle on March 28, 2026. To cover the resulting tax liability, the company withheld 2,741 shares, a disposition valued at about $64,030 (2,741 shares × $23.36 closing price).
• This was a tax-withholding share disposition (code F), not an open-market sale or a purchase by the insider.

Key Details

• Transaction date: March 28, 2026; Form 4 filed March 31, 2026.
• Reported price used: $23.36 (NYSE close on March 27, 2026 per filing).
• Shares withheld/ disposed: 2,741; value ≈ $64,030.
• Underlying award: 7,814 RSUs vested and were settled (footnote F1).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing notes: withholding to satisfy tax liability is routine; this is not a directional buy or sell signal.

Context

• When RSUs vest, companies commonly withhold a portion of shares to cover required payroll/tax withholding — this reduces the insider’s outstanding shares but does not indicate a deliberate sale or change in confidence.
• Such withholdings are administrative and distinct from open-market sales that might be interpreted as a stronger signal about an insider’s view.