Tejada Jose-Miguel 4
Research Summary
AI-generated summary
World Kinect (WKC) CFO Jose‑Miguel Tejada Receives Award; Shares Withheld
What Happened
Jose‑Miguel Tejada, Chief Financial Officer of World Kinect Corp (WKC), had a total of 1,927 shares withheld by the issuer on May 10, 2026 to satisfy tax withholding tied to vested restricted stock units (RSUs). The filing shows four withholding dispositions: 435 shares ($11,775), 462 shares ($12,506), 536 shares ($14,510) and 494 shares ($13,373), using a $27.07 per‑share price (NYSE close on May 8, 2026). These withholdings are routine tax‑related dispositions following RSU vesting rather than open‑market sales.
Key Details
- Transaction date: May 10, 2026; filing date: May 12, 2026 (filed timely).
- Price used: $27.07 per share (NY$E close, May 8, 2026).
- Dispositions reported: 435 / 462 / 536 / 494 shares (total 1,927 shares) for aggregate value ≈ $52,164.
- Footnotes indicate RSU vesting: 1,388; 1,471; 1,710; and 1,574 RSUs vested and settled on May 10, 2026; the issuer withheld the reported shares to cover the reporting person's tax liability.
- Transaction code F = tax withholding (shares withheld to satisfy tax withholding obligations).
- Shares owned after the transaction: not disclosed in this filing.
Context
These entries reflect a cashless tax‑withholding settlement when multiple RSU awards vested. Such withholdings are standard administrative actions and are recorded on Form 4 as dispositions, but they do not necessarily indicate a manager is selling shares for investment or liquidity reasons. For retail investors, purchases by insiders tend to be more informative about confidence than routine withholding transactions.