KASBAR MICHAEL J 4
Research Summary
AI-generated summary
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.