Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 98

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 98
---
 Reflects “Net Income” in our consolidated income statements included in our Annual Reports on Form 10-K for each of the years ended December 31, 2024, 2023, 2022, 2021 and 2020. Column (i) . Company-selected Measure is adjusted EBITDA , which is described below.

Relationship between Pay and Performance

The graphs below reflect the relationship of CAP to our PEO and Non-PEO NEOs (on average) in the Covered Years as compared to World Kinect’s TSR, net income and adjusted EBITDA for the Covered Years. The first graph below also reflects the relationship of World Kinect’s TSR to the peer group TSR for the Covered Years.

| 98 | World Kinect 2025 Proxy Statement |

| Other Compensation Matters |

CAP, as required under the SEC rules, reflects adjusted values to unvested and vested equity awards during the years shown in the tables above, including based on year-end stock prices, various accounting valuation assumptions and projected performance modifiers, but it does not necessarily reflect actual amounts paid out for those awards. CAP generally fluctuates due to stock price achievement and varying levels of projected and actual achievement of performance goals. In 2020, CAP for both our PEO and the average of other Non-PEO NEOs is a negative number, as it is in 2023 for our PEO, reflecting the impact of the change in our stock price between fiscal years because of the significant portion of our executives’ compensation tied to equity with fair values based in part on stock price. For a discussion of how our Compensation Committee assessed our performance and our named executive officers’ pay each year, see “Compensation Discussion and Analysis” in this proxy statement and in the proxy statements for the 2024, 2023, 2022 and 2021 annual meetings of shareholders. COMPENSATION ACTUALLY PAID VS. TOTAL SHAREHOLDER RETURN

| World Kinect 2025 Proxy Statement | 99 |

| Other Compensation Matters |

COMPENSATION ACTUALLY PAID VS. NET INCOME & ADJUSTED EBITDA

Listed below are the financial measures which in our assessment represent the most important financial performance measures we used in 2024 to link CAP to our NEOs to the Company’s performance.

| Financial Performance Measures |     | Explanation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Adjusted EPS                   |     | Adjusted diluted earnings per common share is a non-GAAP financial measure computed by dividing adjusted net income attributable