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Mon 7 Apr 2014, 08:53 GMT

Stebbins in $1.25 million share sale


Paul Stebbins, executive chairman of World Fuel Services, sells over 28,000 company shares.

World Fuel Services Corporation has revealed that its executive chairman, Paul H. Stebbins [pictured], sold over 28,000 company shares last week.

Stebbins sold 28,008 shares at a weighted average sale price of US$44.7335 and a combined value of US$1,252,895.87 on Friday, April 4.

Following the sale, the World Fuel Services executive chairman now has 303,626 common stock shares remaining in direct ownership, plus an additional 189,560 common stock shares in indirect ownership. At current market levels, this values his direct and indirect holdings at over US$22 million.

Stebbins stepped down as chief executive officer (CEO) of World Fuel Services in January 2012. The position was given to current CEO Michael Kasbar.

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