KASBAR MICHAEL J 4

What Happened

• Michael J. Kasbar, Executive Chairman and Director of World Kinect Corp (WKC), had restricted stock units (RSUs) that vested and settled on March 15, 2026. The issuer withheld shares to satisfy the related tax liability: 9,851 shares withheld at $22.80 ($224,603) and 8,445 shares withheld at $22.80 ($192,546), for a total of 18,296 shares withheld and approximately $417,149 in tax withholding.
• In total 46,491 RSUs vested (25,032 and 21,459 per footnotes), resulting in net delivery of approximately 28,195 shares to Kasbar after withholding.

Key Details

• Transaction date: March 15, 2026. Report filed March 17, 2026.
• Price used: $22.80 per share (closing price on NYSE on March 13, 2026 — footnote F2).
• Shares withheld (tax payment): 9,851 shares ($224,603) and 8,445 shares ($192,546); combined 18,296 shares (~$417,149).
• RSUs vested: 25,032 (F1) and 21,459 (F3); issuer withheld reported shares to cover tax liability.
• Transaction code: F (payment of exercise price or tax liability — share withholding).
• Shares owned after the transaction: not specified in the provided filing.

Context

• This was not an open-market sale; it was a routine cashless tax withholding upon RSU vesting. Such withholding is common and generally reflects tax mechanics rather than a decision to sell shares for investment reasons.
• For retail investors, purchases or open-market insider buys tend to be more informative about bullish sentiment; tax-withholding upon vesting is typically administrative.