Form 4: World Kinect Director Paul Stebbins Receives Restricted Stock Grant

World Kinect Corp. Director Paul H. Stebbins was granted 6,362 shares of common stock as restricted stock units, increasing his direct beneficial ownership.

Summary

• Paul H. Stebbins, a Director of World Kinect Corp. (WKC), acquired 6,362 shares of common stock on June 5, 2025.
• The acquisition was a restricted stock unit (RSU) grant with a transaction price of $0.
• These RSUs are scheduled to vest on the earlier of the day prior to the next annual meeting of the shareholders or the one-year anniversary of the grant date.
• Following this transaction, Mr. Stebbins directly owns 61,497 shares of common stock.
• Additionally, Mr. Stebbins indirectly owns 72,326 shares through the Boitz Stebbins Irrevocable Family Trust, where he serves as trustee and beneficiary, though he disclaims beneficial ownership of shares in which he does not have a pecuniary interest.

Sentiment

Score: 7

Explanation: The sentiment is positive as the grant of restricted stock units to a director aligns management's interests with shareholders, incentivizing long-term performance and demonstrating commitment to the company. This is a standard and generally well-regarded compensation practice.

Positives

• The grant of restricted stock units to Director Paul H. Stebbins aligns his interests with those of shareholders, incentivizing long-term performance and value creation.
• The transaction increases the director's direct beneficial ownership in the company, demonstrating continued commitment and confidence in the company's future.

Future Outlook

The restricted stock units granted to Director Paul H. Stebbins are scheduled to vest on the earlier of the day prior to the next annual meeting of the shareholders or the one-year anniversary of the grant date (June 5, 2025).

Industry Context

The grant of restricted stock units to a director is a standard practice in many industries, including the energy and logistics sectors where World Kinect Corp. operates, serving as a common form of executive and director compensation to align interests with shareholders.

Related Party Transactions

• Shares are held by the Boitz Stebbins Irrevocable Family Trust, of which the reporting person, Paul H. Stebbins, is the trustee and a beneficiary. The reporting person disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.

Stakeholder Impact

• Shareholders: The equity grant to a director aligns his interests with shareholder value creation, potentially leading to more focused long-term decision-making and improved corporate performance.

Next Steps

• Vesting of the 6,362 restricted stock units on the earlier of the day prior to the next annual shareholder meeting or the one-year anniversary of the grant date (June 5, 2025).

Key Dates

Keywords

World Kinect Corp, WKC, Paul H. Stebbins, Restricted Stock Unit, RSU Grant, Insider Transaction, Director Compensation, Equity Grant, SEC Form 4