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Fri 4 Jul 2014, 12:51 GMT

Stebbins in $2.47 million share sale


Paul Stebbins, former CEO of World Fuel Services, has sold 50,000 company shares this week.

The former executive chairman and chief executive officer (CEO) of World Fuel Services Corporation, Paul H. Stebbins [pictured], has sold 50,000 company shares this week at a total value of 2,471,195.10.

On Tuesday, July 1, Stebbins sold 36,454 shares at a weighted average sale price of US$49.6 and a combined value of US$1,808,118.40.

The following day, Stebbins sold 13,546 shares at a weighted average sale price of US$48.95 and a combined value of US$663,076.70.

Following the sale, the former World Fuel Services executive chairman now has 33,322 common stock shares remaining in direct ownership, plus an additional 408,778 common stock shares in indirect ownership. At current market levels, this values his direct and indirect holdings at over US$21.6 million.

Stebbins stepped down as CEO of World Fuel Services in January 2012. The position was filled by current CEO Michael Kasbar. Stebbins also stepped down as executive chairman at this year's annual meeting of shareholders. He continues to serve as a member of its board of directors.

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