Form 4: World Kinect Corp Executive VP & CFO Ira M Birns Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Executive VP & CFO of World Kinect Corp, Ira M Birns, reports the disposal of common stock to cover tax liabilities associated with vested restricted stock units.
Summary
- On March 15, 2024, Ira M Birns, Executive VP & CFO of World Kinect Corp, disposed of shares of common stock to cover tax liabilities.
- These disposals were related to the vesting and settlement of restricted stock units (RSUs) held by Birns.
- A total of 773, 1,811, 2,999 and 3,393 shares were disposed of at a price of $24.88 per share.
- Following these transactions, Birns beneficially owns 176,766 shares of World Kinect Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock transactions for tax purposes. It doesn't indicate any positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's stock transactions related to vested equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock disposal and vesting of restricted stock units |
| 03/19/2024 | Date of signature on the Form 4 filing |
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