Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 73

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 73
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 to the 2025 Plan reserve through forfeitures, cancellations and the like, the level at which performance-based awards pay out, and our future stock price performance. While the Committee believes that the assumptions utilized are reasonable, future share usage may differ from current expectations to the extent that actual events differ from the assumptions utilized. As noted below, our Committee would retain full discretion under the 2025 Plan to determine the number and amount of awards to be granted under the 2025 Plan, subject to the terms of the 2025 Plan. Future benefits that may be received by participants under the 2025 Plan are not determinable at this time.

| World Kinect 2025 Proxy Statement | 81 |

| Proposal 4 |

Imp ortant Governance Features and Practices The 2025 Plan and our equity grant practices are designed to reflect leading corporate governance practices and protect shareholder interests:

| Feature/Practice                                          | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| No Liberal Share Recycling                                | Neither shares of Stock withheld nor tendered (or otherwise used) to satisfy applicable tax withholding obligations or in payment of the exercise price of an award either under the 2021 Plan or a Prior Plan, nor any shares of Stock repurchased by the Company on the open market with the proceeds of an award under the 2025 Plan or a Prior Plan paid to the Company by or on behalf of the participant, would be available again for purposes of determining the maximum number of shares of Stock available for delivery under the 2025 Plan.Each share of Stock with respect to which a SAR is exercised would be counted as one share of Stock against the maximum number of shares of Stock available for delivery under the Plan, regardless of the number of shares of Stock actually delivered upon settlement of such SAR.                                                             |
| No Evergreen Provision                                    | The Plan does not contain an “evergreen” feature that automatically replenishes the shares available for future grants under the 2025 Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| No Automatic Grants                                       | The Plan does not provide for automatic grants to any participant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| No Tax Gross-Ups                                          | The Plan does not provide for any tax gross-ups.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| No Discounted Options or SARs                             | Options and SARs may not be granted with exercise prices lower than the market value of the underlying shares on the grant date, with the exception of certain substitute awards as described in the 2025 Plan.