BAKSHI KEN 4
Research Summary
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World Kinect (WKC) Director Ken Bakshi Receives RSU Award
What Happened Ken Bakshi, a director of World Kinect Corp (WKC), received an award of 7,070 restricted stock units (RSUs) on June 18, 2026. The grant is recorded at $0 in the Form 4 (no immediate cash paid). The RSUs will convert to shares according to the issuer's vesting terms.
Key Details
- Transaction date and price: 2026-06-18; grant recorded at $0 per share (total $0).
- Vesting: Per footnote, RSUs vest on the earlier of (i) the day before the issuer's next annual shareholders meeting after the grant date or (ii) one year after the grant date.
- Shares owned after transaction: Not specified in the provided filing.
- Filing timing and remarks: Form 4 was filed on 2026-06-23 (five days after the transaction date), which is beyond the usual 2-business-day Form 4 filing window. Remarks include Exhibit 24.1 — Power of Attorney.
Context RSU grants are a form of compensation/retention, not an open-market purchase or sale; they vest over time before becoming tradable shares. Such awards are common and do not by themselves indicate an insider buying or selling stock for market exposure.
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