SEC Form 4 · accession 0001209191-18-020725
WORLD KINECT CORP · WKC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Kasbar
Officer — Chairman, CEO and President · Director
Period of report
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 7:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000789460
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 15, 2018 | F | 7,318 | $23.93 | D | 812,433 | D | |
| Common StockF3,F2 | Mar 15, 2018 | F | 1,058 | $23.93 | D | 811,375 | D | |
| Common StockF4 | Mar 15, 2018 | A | 5,610 | $0.00 | A | 816,985 | D | |
| Common Stock | holding | — | — | — | 1,340 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-Settled Stock Appreciation RightF2,F5 | $23.93 | Mar 15, 2018 | A | 152,439 | D | — | Mar 15, 2023 | Common Stock | 152,439 | 152,439 | D |
Explanation of responses
- F122,568 restricted stock units held by the reporting person vested and settled on March 15, 2018. The issuer withheld the reported shares to cover the reporting person's tax liability associated with these restricted stock units.
- F2The price shown is the closing price of the issuer's common stock on the NYSE on March 15, 2018.
- F32,688 restricted stock units held by the reporting person vested and settled on March 15, 2018. The issuer withheld the reported shares to cover the reporting person's tax liability associated with these restricted stock units.
- F4These restricted stock units will vest in three equal annual installments beginning on March 15, 2019.
- F5These Stock-Settled Stock Appreciation Rights will vest on March 15, 2021.