Form 4: Director Paul Stebbins Trades World Kinect Corp Shares
Statement of Changes in Beneficial Ownership
Director Paul H. Stebbins reported a transaction involving World Kinect Corporation common stock on May 5, 2026.
Summary
- Paul H. Stebbins, a Director at World Kinect Corporation, reported a transaction on May 5, 2026.
- The transaction involved the disposal of 20,828 shares of common stock at a weighted average price of $27.6863.
- Following this transaction, Mr. Stebbins directly beneficially owns 40,669 shares of common stock.
- Additionally, 72,326 shares are held indirectly by the Boitz Stebbins Irrevocable Family Trust, where Mr. Stebbins is the trustee and a beneficiary.
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a neutral to slightly negative filing due to the director's sale of shares, although the disclaimer on pecuniary interest and the existence of an irrevocable trust for other holdings mitigate extreme negative sentiment.
Negatives
- Director Paul H. Stebbins sold a significant number of shares (20,828) of common stock.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing, which primarily reports past transactions.
Management Comments
- The reporting person disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the trading activities of company directors and officers. Such filings are crucial for investors monitoring insider sentiment and potential shifts in ownership.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Paul H. Stebbins granted a Limited Power of Attorney to Jeffrey Weissman and Jose Miquel Tejada to make SEC filings on his behalf, including Forms 3, 4, and 5, and Schedule 13D/13G. | 03/18/2026 | Facilitates timely and accurate filing of required disclosures by authorized representatives. |
Related Party Transactions
- Shares are held by the Boitz Stebbins Irrevocable Family Trust, of which the reporting person is the trustee and a beneficiary.
Stakeholder Impact
- Shareholders: The sale of shares by a director may be interpreted as a signal, potentially impacting investor sentiment. The existence of shares held in trust indicates continued indirect ownership.
Key Dates
| Date | Description |
|---|---|
| 03/18/2026 | Date of execution of the Limited Power of Attorney by Paul H. Stebbins. |
| 05/05/2026 | Transaction date for the sale of common stock by Paul H. Stebbins. |
| 05/07/2026 | Date of signature for the Form 4 filing. |
Keywords
Form 4, SEC Filing, Insider Trading, Stock Transaction, Beneficial Ownership, World Kinect Corporation, Director Trade
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