Jorge L. Benitez, a director at World Kinect Corp, has filed to sell 5,000 shares of the company, valued at approximately $189,901. This transaction, which was reported on November 4, 2026, is part of Benitez's stock vesting compensation strategy and highlights a significant liquidity event for him.
World Kinect Corp, a company based in Miami, Florida, operates in the wholesale petroleum and petroleum products sector. The firm has undergone several name changes in its history, previously known as World Fuel Services Corp and International Recovery Corp. The recent filing indicates that Benitez acquired the shares through restricted stock vesting on two occasions: May 20, 2021, and May 17, 2023.
The filing specifies that Benitez will sell the shares through Fidelity Brokerage Services LLC, a well-known brokerage firm. The shares are part of a larger pool of 51,151,620 outstanding shares of common stock. The filing also indicated that there were no securities sold by Benitez in the past three months.
This development may have implications for other insiders in the wholesale petroleum industry, as they could follow suit in liquidating their holdings depending on market conditions. The filing does not specify any further actions or upcoming events related to this transaction.
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