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Wed 15 Jan 2014, 07:24 GMT

World Fuel Services CFO sells shares


The combined value of stock sold by CFO Ira Birns since December is over $760,000.

Ira Birns [pictured], executive vice president and chief financial officer (CFO) of World Fuel Services Corporation, last week sold 6,000 company shares, a filing with the U.S. Securities and Exchange Commission (SEC) shows.

On Friday, January 10, Birns disposed of 6,000 shares at a weighted average sale price of US$44.95 and a combined value of US$269,700.

Last month, 12,000 shares were sold by Birns at a combined value of US$493,500. On December 3, Birns disposed of 6,000 shares at a weighted average price of US$39.75. He then disposed of 945 shares at a weighted average sale price of US$42.50 on December 17. The following day, on December 18, 5055 shares were also sold at a weighted average sale price of US$42.50.

The World Fuel Services CFO now owns 91,594 shares, which at current market levels values his holdings at over US$3.6 million.

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