KASBAR MICHAEL J 4
4 · WORLD KINECT CORP · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
World Kinect (WKC) Exec Chairman Michael Kasbar Sells 20,000 Shares
What Happened Michael J. Kasbar, Executive Chairman and Director of World Kinect Corp (WKC), sold a total of 20,000 shares of WKC stock in early June 2026 for combined proceeds of approximately $603,372. The transactions were sales (not purchases): 700 shares on 2026-06-05 at $30.00 ($21,000) and 19,300 shares on 2026-06-08 reported at a weighted average price of $30.17 (approximately $582,372).
Key Details
- Transaction dates and prices:
- 2026-06-05: 700 shares sold at $30.00 (total $21,000).
- 2026-06-08: 19,300 shares sold at a weighted average price of $30.17 (total ≈ $582,372); individual prices in this line ranged $30.00–$30.33 per footnote.
- Total shares sold: 20,000; total proceeds: ≈ $603,372.
- Shares owned after the transactions: not specified in the information provided in this summary (check the full Form 4 for post-transaction holdings).
- Footnotes: Sales were made pursuant to a Rule 10b5-1 trading plan adopted November 24, 2025; the 6/08 line reports a weighted average price and the filer can provide the breakdown of shares sold at each price on request.
- Filing/timeliness: Form 4 filed 2026-06-09 reporting transactions on 6/05 and 6/08 — this filing date falls within the normal 2-business-day window for Form 4 reporting and is not marked late.
Context Sales executed under a pre-established Rule 10b5-1 plan are typically prearranged and can be routine (e.g., for diversification or liquidity) rather than an immediate signal about company prospects. This filing reports outright sales of shares (code S); no option exercises, gifts, or awards are involved. For full context and exact post-sale ownership, review the complete Form 4 on the SEC EDGAR site.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-05$30.00/sh−700$21,000→ 1,040,750 total - Sale
Common Stock
[F1][F2]2026-06-08$30.17/sh−19,300$582,372→ 1,021,450 total
Footnotes (2)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted 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 $30.00 to $30.33, 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.