Tuesday, World Fuel Services Corp. (INT) said its president and chief operating officer, Michael Kasbar, signed a pre-arranged, non-discretionary stock trading plan. Under the newly adopted plan, beginning on May 7, 2010 and ending on December 31, 2010, Kasbar may exercise up to 94,360 stock options and convert up to 616,910 stock-settled stock appreciation rights and sell the shares that he acquires from such exercise and conversion.
World Fuel Services Corp. engages in the marketing and sale of marine, aviation, and land fuel products and related services worldwide. Its Marine segment markets fuel and related services to international container and tanker fleets, commercial cruise lines, and time-charter operators, as well as to the United States and foreign governments.
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