Form 4: World Kinect Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jose-Miguel Tejada, SVP and Chief Accounting Officer of World Kinect Corp, sold shares to cover tax liabilities related to vested restricted stock units.
Summary
- On August 9, 2024, Jose-Miguel Tejada, SVP and Chief Accounting Officer of World Kinect Corp, sold 153 shares of common stock to cover tax obligations.
- The sale was a result of the vesting and settlement of 487 restricted stock units held by Tejada.
- The shares were sold at a price of $26.09 per share.
- Following the transaction, Tejada beneficially owns 34,255 shares of World Kinect Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of executives selling shares to cover tax obligations upon vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Date of transaction: Vesting and settlement of restricted stock units and subsequent sale of shares to cover tax liability. |
| 08/13/2024 | Date of signature on the Form 4 filing. |
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