Michael J. Kasbar - Feb 16, 2023 Form 4 Insider Report for WORLD FUEL SERVICES CORP (WKC)

Role
Chairman, CEO and President, Director
Signature
/s/ Amy Quintana Avalos, Attorney-in-fact
Stock symbol
WKC
Transactions as of
Feb 16, 2023
Transactions value $
-$58,847
Form type
4
Date filed
2/21/2023, 08:38 PM
Previous filing
Feb 7, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WKC Common Stock Options Exercise $2.57M +93.3K +9.4% $27.52 1.09M Feb 16, 2023 Direct F1
transaction WKC Common Stock Tax liability -$2.63M -87.5K -8.06% $30.00 998K Feb 16, 2023 Direct F2, F3
holding WKC Common Stock 1.34K Feb 16, 2023 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WKC Stock-Settled Stock Appreciation Rights Options Exercise $0 -93.3K -100% $0.00* 0 Feb 16, 2023 Common Stock 93.3K $27.52 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a pre-arranged, non-discretionary trading plan adopted by the reporting person in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934.
F2 Includes shares withheld by the issuer for the exercise price of the stock-settled stock appreciation rights ("SSARs") and to pay the applicable taxes for the SSARs conversion reported in Table II of this Form 4.
F3 The price shown is the fair market price for the issuer's common stock on the NYSE at the time of conversion of the SSARs.
F4 The SSARs vested on March 15, 2021, the third anniversary of the grant date.