KASBAR MICHAEL J 4
Research Summary
AI-generated summary
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.