Cherwoo Sharda 4
Research Summary
AI-generated summary
World Kinect (WKC) Director Cherwoo Sharda Receives RSU Award
What Happened
- Cherwoo Sharda, a director of World Kinect Corp. (WKC), was granted 6,427 restricted stock units (RSUs) on June 18, 2026. The Form 4 reports an acquisition at $0.00 per share (award/grant), so no cash purchase price is recorded. The RSUs convert to common shares upon vesting.
Key Details
- Transaction date: 2026-06-18; filing date: 2026-06-23 (appears late of the typical 2-business-day Form 4 window).
- Transaction type/code: Award/Grant (A) — 6,427 RSUs granted at $0.00 per share.
- Vesting: RSUs vest on the earlier of (i) the day before the issuer’s next annual shareholders’ meeting following the grant date or (ii) the one-year anniversary of the grant date.
- Shares owned after the transaction: not disclosed in the provided filing data.
- Remarks/attachments: Exhibit 24.1 — Power of Attorney included.
Context
- This was a compensation award (RSUs) rather than an open-market purchase or sale; such grants are routine for directors and reflect compensation arrangements rather than a direct buy or sell signal. The filing date is later than the expected two-business-day window for Form 4s, which investors may note but should not be interpreted as market guidance.
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