Birns Ira M 4

What Happened

• Ira M. Birns, CEO of World Kinect Corp (WKC), was granted 39,474 restricted stock units (RSUs) on March 15, 2026 (award reported at $0.00). Using the closing share price of $22.80 (Mar 13, 2026) those RSUs equate to roughly $900,000 in market value. On the same date the issuer settled previously vested RSUs and withheld shares to cover the reporting person’s tax liabilities, resulting in reported dispositions of 2,100 shares ($47,880) and 1,800 shares ($41,040), totaling $88,920 in value.

Key Details

• Transaction dates: March 15, 2026 (reported on Form 4 filed 2026-03-17).
• Dispositions (tax withholding): 2,100 shares at $22.80 = $47,880; 1,800 shares at $22.80 = $41,040.
• Award/grant: 39,474 RSUs @ $0.00 reported as acquired (market-equivalent ≈ $900,007 at $22.80).
• Shares owned after transaction: Not stated in the filing.
• Notable footnotes:
  • F1 & F3: Certain RSUs vested and were settled on March 15, 2026; the issuer withheld shares to cover the reporting person’s tax liability.
  • F2: $22.80 is the issuer’s NYSE closing price on March 13, 2026 (used for valuation).
  • F4: The 39,474 RSUs will vest in three equal installments beginning March 15, 2027 (i.e., they are time‑vesting awards).
• Filing timeliness: Form 4 was filed March 17, 2026 for transactions on March 15, 2026; this appears to be a timely filing.

Context

• These transactions reflect routine executive compensation activity: previously vested RSUs were settled and shares were withheld to satisfy tax obligations (dispositions coded F), while a new RSU grant was reported (coded A) that vests in future installments. Withholding and vesting transactions do not necessarily signal buying or selling intentions in the open market; the award is a non‑cash grant that will convert to shares only as it vests.