WORLD KINECT CORP·4

Jun 4, 4:30 PM ET

KASBAR MICHAEL J 4

Research Summary

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Updated

World Kinect (WKC) Exec Chair Michael Kasbar Sells 10,000 Shares

What Happened
Michael J. Kasbar, Executive Chairman and a director of World Kinect Corp (WKC), sold 10,000 shares in an open-market transaction on 2026-06-02. The sales yielded gross proceeds of approximately $291,544 based on a weighted average sale price of $29.15 per share (reported price range $28.83–$29.36). The trades were executed pursuant to a Rule 10b5-1 trading plan established by Mr. Kasbar on November 24, 2025.

Key Details

  • Transaction date: 2026-06-02
  • Transaction type: Open-market sale (S) under a Rule 10b5-1 plan (adopted 11/24/2025) — footnote F1
  • Shares sold: 10,000
  • Price: Weighted average $29.15; individual prices ranged $28.83–$29.36 (footnote F2)
  • Proceeds: $291,544 (gross)
  • Shares owned after transaction: Not specified in the provided filing excerpt
  • Filing date: 2026-06-04 — filed within the typical 2-business-day Form 4 window (no late filing indicated)
  • Footnote F2: Reporting person can provide a breakdown of number of shares sold at each price within the stated range upon request

Context
The sale was executed under a pre-established 10b5-1 plan, which generally schedules trades in advance and is commonly used by insiders to avoid trading based on material non-public information. Sales under such plans are typically considered routine and do not, by themselves, indicate management sentiment about the company’s prospects.