Americas News
WFS Announce CEO Stock Trading Plan
Miami, Florida headquartered World Fuel Services Corporation [NYSE:INT] (WFS) announced Friday its president and chief executive officer, Michael J. Kasbar, has entered into a pre-arranged stock trading plan for next year.
Between February 26, 2013 and December 31, 2013, Kasbar may sell up to 81,693 shares of WFS's common stock, which represents approximately 7% of his holdings.
In addition, from February 26, 2013 through March 15, 2013 Kasbar may convert up to 100,000 stock-settled stock appreciation rights (SSARs) that expire on March 15, 2013 and also sell those the shares.
According to the press release, any sale of stock would be made for diversification and estate and tax planning purposes.
WFS said all sales made through the plan will be publicly disclosed through Form 4 filings with the Securities and Exchange Commission.
