KASBAR MICHAEL J 4

What Happened

• Michael J. Kasbar, Executive Chairman and Director of World Kinect Corp (WKC), had 8,927 shares disposed on March 28, 2026 to cover tax withholding related to restricted stock units (RSUs) that vested and settled. The shares are reported at $23.36 each for a total of approximately $208,535.

Key Details

• Transaction date: 2026-03-28; Filing date: 2026-03-31 (Form 4).
• Reported price: $23.36 per share (closing price on the NYSE on March 27, 2026).
• Shares disposed/withheld: 8,927; Reported total value: ~$208,535.
• Vesting detail: 22,684 restricted stock units vested and settled on March 28, 2026; the issuer withheld 8,927 shares to cover the reporting person’s tax liability (footnote).
• Transaction code F: tax withholding to satisfy tax liabilities on vested awards.
• Shares owned after the transaction: not specified in the provided excerpt — see the full Form 4 for total holdings.

Context

• This was not an open-market sale; it is a routine net-share settlement/tax-withholding when RSUs vest (issuer withheld shares rather than the insider selling shares on the market). Such withholdings are common and do not necessarily signal a change in the insider’s view of the company.