KASBAR MICHAEL J 4
4 · WORLD KINECT CORP · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
World Kinect (WKC) Exec Chairman Michael Kasbar Sells Shares
What happened
Michael J. Kasbar, Executive Chairman and a director of World Kinect Corp (WKC), sold a total of 23,653 shares in open-market transactions on April 24, 2026 for aggregate proceeds of about $666,600. The reported lots were: 16,163 shares for $27.47 each ($444,009), 590 shares for $28.77 each ($16,971), and 6,900 shares for $29.80 each (~$205,620). These were sales (not purchases), often viewed as routine dispositions.
Key details
- Transaction date: April 24, 2026 (reported on Form 4 filed Apr 28, 2026) — filing appears to be within the normal 2-business-day window.
- Total shares sold: 23,653; total reported proceeds: ~$666,600.
- Reported per-line prices/values: 16,163 @ $27.47 ($444,009); 590 @ $28.77 ($16,971); 6,900 @ $29.80 ($205,620).
- Footnotes of note:
- F1: Sales were effected pursuant to a Rule 10b5-1 trading plan established Nov 24, 2025 (pre‑arranged plan).
- F2/F4: Some lines reflect weighted-average prices for multiple transactions and give price ranges; the filer will provide per-price breakdowns on request.
- F3: Includes 1,340 shares previously reported as held indirectly by the reporting person’s spouse that were transferred to the reporting person for estate-planning purposes.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
Context
Because these sales were executed under a Rule 10b5-1 plan, they were pre-arranged and are generally considered routine dispositions rather than a fresh signal of the insider’s view on the company. The estate-planning transfer noted in F3 is an administrative matter and is not the same as a market purchase or sale.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-04-24$27.47/sh−16,163$444,009→ 1,070,287 total - Sale
Common Stock
[F1][F4]2026-04-24$28.77/sh−590$16,971→ 1,069,697 total - Sale
Common Stock
[F1]2026-04-24$29.80/sh−6,900$205,620→ 1,062,797 total
Footnotes (4)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person on November 24, 2025.
- [F2]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $27.305 to $28.29, inclusive. The reporting person undertakes to provide the issuer and will provide any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each separate price within the specified range.
- [F3]Includes 1, 340 shares previously reported as held indirectly by the Reporting Person's spouse which were transferred to the Reporting Person for estate planning purposes.
- [F4]The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $28.30 to $29.26, inclusive. The reporting person undertakes to provide the issuer and will provide any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each separate price within the specified range.