RAU JOHN PETER 4
Research Summary
AI-generated summary
World Kinect (WKC) President John Rau Receives RSUs; Shares Withheld
What Happened
- John Peter Rau, President of World Kinect Corp (WKC), was granted/received 32,457 restricted stock units (RSUs) on March 15, 2026 and, on the same date, had a total of 3,900 shares withheld to cover tax liabilities related to previously vested RSUs. The withheld shares were reported as dispositions: 2,100 shares ($47,880) and 1,800 shares ($41,040), using a $22.80 price (NYSE close on March 13, 2026).
Key Details
- Transaction dates: March 15, 2026 (report filed March 17, 2026).
- Withheld/disposed: 2,100 shares @ $22.80 = $47,880; 1,800 shares @ $22.80 = $41,040; total withheld value $88,920.
- Award/acquisition: 32,457 RSUs granted (reported at $0.00 acquisition price).
- Footnotes: F1/F3 — 8,622 RSUs and 7,391 RSUs vested and settled on March 15, 2026; the issuer withheld the reported shares to cover the reporting person’s tax liability. F2 — $22.80 is the NYSE closing price on March 13, 2026. F4 — the 32,457 RSUs will vest in three equal installments beginning March 15, 2027.
- Shares owned after transaction: not specified in the filing.
- Timeliness: Filing appears timely (reported within two business days of the March 15 transactions).
- Exhibit: 24.1 Power of Attorney attached.
Context
- This filing reflects RSU vesting and a new RSU grant, not an open-market sale or purchase. The "disposed" shares are tax-withholding related (common when RSUs settle) rather than a directional sale for cash. The new RSUs have a future vesting schedule (three equal installments starting 3/15/2027), so they do not represent immediately tradable shares.
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