On Aug. 13, Jose-Miguel Tejada, EVP, Chief Financial Officer, sold 6,000 shares of World Kinect (NYSE:WKC), according to an SEC Form 4 filing.
Transaction summary
Transaction value based on SEC Form 4 weighted average sale price ($37.16); post-transaction value based on Aug. 13, 2026, market close ($37.12).
Key questions
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What is the significance of this trade relative to the executive’s total position?
The sale of 6,000 shares resulted in a 14% reduction of Jose-Miguel Tejada’s direct holdings, which now total 35,676 shares with an estimated value of $1.3 million. -
How does the execution price compare to recent market levels?
The shares were sold at a weighted-average price of $37.16, which sits above the $36.11 valuation as of the Aug. 14, 2026, market close. -
Does the executive maintain any indirect exposure through trusts or other entities?
No indirect ownership was reported in the filing, indicating that the CFO’s equity exposure to the company is concentrated entirely in directly held common stock. -
What is the current insider ownership level for the company?
Following this transaction, the firm’s collective insider ownership is approximately 0.06% of shares outstanding.
Company Overview
Company Snapshot
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World Kinect operates as a diversified energy management company supplying jet fuel, sustainable aviation fuel, aviation gasoline, and marine fuels across its Aviation, Land, and Marine segments, generating substantial revenue from fuel supply and energy logistics operations.
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The company generates revenue through a multi-segment business model that includes fuel supply contracts with commercial and international airlines, regional carriers, airports, and fixed-based operators, as well as land-based and marine fuel distribution operations.
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World Kinect serves a broad customer base, including commercial and international airlines, regional airlines, cargo carriers, airports, fixed-base operators, corporate fleets, charter operators, and marine vessel operators across the United States, the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region.
World Kinect is a global energy management company with a TTM revenue base of $41.7 billion, operating across segments to serve the aviation, land, and marine fuel markets. The company maintains a geographically diversified operational footprint spanning multiple continents, positioning it as a significant player in global fuel supply and energy logistics. Despite recent operational challenges reflected in TTM net losses, World Kinect’s substantial revenue scale and diversified customer base across commercial aviation and marine sectors provide a foundation for its market position in energy management services.
What this transaction means for investors
World Kinect recently reported a strong performance in its aviation segment for the second quarter of 2026. Gross profit for the segment was $208 million, the highest quarterly gross profit in the segment’s history. Its marine segment also performed well, reporting a gross profit of $80 million in the second quarter, setting a quarterly gross profit record for the segment. As of this writing, the World Kinect stock price has climbed 32.2% over the past 12 months, while the S&P 500 is up 18.6% over the same period.
Looking at the sale, it appears to be just a routine transaction and not one that shareholders should be overly concerned about. It looks as if Tejada is just selling into strength, as he sold only 6,000 shares. He still holds 35,676 shares directly, indicating he remains aligned with the company’s success. World Kinect doesn’t have many analysts tracking the stock, but of the three who do, the median one-year price target is $41, according to CNN. Based on today’s prices, reaching $41 would represent a 15.6% gain. The highest price target from the group is $42, while the lowest is $30.
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Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
World Kinect CFO Jose-Miguel Tejada Sells 6,000 Shares for $223,000 was originally published by The Motley Fool