Michael J.  Kasbar net worth and biography

Michael Kasbar Biography and Net Worth

Chairman & CEO of World Kinect

Michael Kasbar is Chairman and Chief Executive Officer of World Fuel Services Corporation and a member of the company's Board of Directors.

Kasbar has served as Chief Executive Officer since 2012 and assumed the role of Chairman in 2014. Previously, he served as President and Chief Operating Officer, responsible for driving the company's aggressive acquisition strategy and quest for operational excellence.

He joined World Fuel Services in 1995 as Chief Executive Officer of World Fuel Services Americas, Inc., at the time the company’s principal subsidiary engaged in the marine fuel services business. Prior to joining the company, Kasbar and his partner, Paul Stebbins, co-founded Trans-Tec Services, Inc., a global marine fuel services company acquired by World Fuel Services.

What is Michael J. Kasbar's net worth?

The estimated net worth of Michael J. Kasbar is at least $28.55 million as of August 19th, 2024. Mr. Kasbar owns 1,019,063 shares of World Kinect stock worth more than $28,554,145 as of November 20th. This net worth evaluation does not reflect any other investments that Mr. Kasbar may own. Additionally, Mr. Kasbar receives an annual salary of $2,290,000.00 as Chairman & CEO at World Kinect. Learn More about Michael J. Kasbar's net worth.

How old is Michael J. Kasbar?

Mr. Kasbar is currently 67 years old. There are 4 older executives and no younger executives at World Kinect. Learn More on Michael J. Kasbar's age.

What is Michael J. Kasbar's salary?

As the Chairman & CEO of World Kinect Co., Mr. Kasbar earns $2,290,000.00 per year. Learn More on Michael J. Kasbar's salary.

How do I contact Michael J. Kasbar?

The corporate mailing address for Mr. Kasbar and other World Kinect executives is 9800 N.W 41st Street, Miami, FL 33178, United States. World Kinect can also be reached via phone at 305-428-8000 and via email at [email protected]. Learn More on Michael J. Kasbar's contact information.

Has Michael J. Kasbar been buying or selling shares of World Kinect?

Michael J. Kasbar has not been actively trading shares of World Kinect during the last ninety days. Most recently, Michael J. Kasbar sold 58,948 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.92, for a transaction totalling $1,645,828.16. Following the completion of the sale, the chief executive officer now directly owns 1,019,063 shares of the company's stock, valued at $28,452,238.96. Learn More on Michael J. Kasbar's trading history.

Who are World Kinect's active insiders?

World Kinect's insider roster includes Ken Bakshi (Director), Ira Birns (CFO), Michael Crosby (EVP), Michael Kasbar (Chairman & CEO), Robert Lake (EVP), John Manley (Director), John Rau (EVP), and Jeffrey Smith (COO). Learn More on World Kinect's active insiders.

Are insiders buying or selling shares of World Kinect?

During the last twelve months, insiders at the sold shares 4 times. They sold a total of 105,884 shares worth more than $2,848,937.68. The most recent insider tranaction occured on August, 19th when CEO Michael J Kasbar sold 58,948 shares worth more than $1,645,828.16. Insiders at World Kinect own 2.9% of the company. Learn More about insider trades at World Kinect.

Information on this page was last updated on 8/19/2024.

Michael J. Kasbar Insider Trading History at World Kinect

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
8/19/2024Sell58,948$27.92$1,645,828.161,019,063View SEC Filing Icon  
5/27/2021Buy10,000$31.40$314,000.00878,527View SEC Filing Icon  
10/17/2019Sell489$40.00$19,560.00765,882View SEC Filing Icon  
10/9/2019Sell23,836$39.03$930,319.08800,246View SEC Filing Icon  
10/7/2019Sell41,125$39.22$1,612,922.50800,246View SEC Filing Icon  
8/1/2016Sell25,950$46.38$1,203,561.00832,581View SEC Filing Icon  
5/6/2016Sell31,073$46.53$1,445,826.69858,031View SEC Filing Icon  
11/21/2014Sell100,000$45.00$4,500,000.00View SEC Filing Icon  
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Michael J. Kasbar Buying and Selling Activity at World Kinect

This chart shows Michael J Kasbar's buying and selling at World Kinect by year and by quarter.

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World Kinect Company Overview

World Kinect logo
World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. This segment also offers fuel management, price risk management, ground handling, dispatch services, and trip planning services, such as flight planning and scheduling, weather reports and overflight permits; payment and processing services; and operates a web-based marketplace platform. The Land segment offers fuel, lubricants, heating oil, and related products and services to retail petroleum operators, as well as industrial, commercial, residential and government customers. This segment also provides sustainability solutions, such as renewable fuel products, carbon management, and renewable energy solutions; distributes fuel under long-term contracts to branded and unbranded distributors, convenience stores, and retail fuel outlets operated by third parties; distributes heating oil and unbranded fuel; and transportation logistics. The Marine segment markets fuel, lubricants, and related products and services to international container, dry bulk and tanker fleets, commercial cruise lines, yachts and time charter operators, offshore rig owners and operators, the U.S. and foreign governments, and other fuel suppliers. This segment also offers marine fuel-related services include management services to procurement of fuel, price risk management, cost control, quality control, and claims management services; and engages in the fueling of vessels, and transportation and delivery of fuel and fuel-related products. The company was formerly known as World Fuel Services Corporation and changed its name to World Kinect Corporation in June 2023. World Kinect Corporation was incorporated in 1984 and is headquartered in Miami, Florida.
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Today's Range

Now: $28.02
Low: $27.66
High: $28.04

50 Day Range

MA: $29.36
Low: $26.15
High: $31.40

2 Week Range

Now: $28.02
Low: $20.00
High: $31.70

Volume

755,426 shs

Average Volume

660,117 shs

Market Capitalization

$1.63 billion

P/E Ratio

12.45

Dividend Yield

2.44%

Beta

1.26