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Fri 19 Feb 2016, 11:11 GMT

World Fuel Services CFO sells shares


CFO Ira Birns sold over 3,000 shares this week.

The executive vice president and chief financial officer (CFO) of World Fuel Services Corporation, Ira Birns [pictured], this week sold over 3,000 company shares, a filing with the U.S. Securities and Exchange Commission (SEC) shows.

On Tuesday, February 16, Birns disposed of 3,379 shares at a weighted average sale price of $42.93 and a combined value of $145,060.

The World Fuel Services CFO now owns 122,888 common stock shares, which at current market levels values his holdings at over $5.2 million. He has been at the company since 2007.

Share repurchase programme

World Fuel Services Corporation renewed its share repurchase programme in June 2015, authorizing the purchase of up to $100 million in common stock.

According to the company: "Share repurchases may be made from time to time in the open market or through privately negotiated transactions. The timing and amount of shares to be repurchased under the program will depend on market conditions, share price, securities law and other legal requirements and factors. The program does not require the purchase of any minimum number of shares, has no expiration date and may be suspended or discontinued at any time without prior notice."

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