Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 31

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 31
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. Prior to that, Mr. Rau served as our Executive Vice President of Global Aviation and Marine since 2016 and assumed responsibility for Global Land in 2022. Previously, he served as our Executive Vice President of Aviation from April 2014 and as our Senior Vice President of Aviation Americas from October 2011 to April 2014. Prior to joining the Company, Mr. Rau held leadership roles at American Airlines and United Airlines, including as Managing Director at American Airlines from 1995 to 2011, where he was responsible for the purchase and management of jet fuel, utilities, deicing fluids, and transportation, as well as management of American’s supplier diversity program.

| World Kinect 2025 Proxy Statement | 43 |

| Letter from the Chair of the 
 Compensation Committee       |

Dear Fellow Shareholders, As the Chair of the Compensation Committee, I would like to thank you again for your investment in World Kinect and your support for the executive leadership team and the Company’s Board of Directors. Earning Back Strong Shareholder Support As detailed in last year’s proxy statement, the Compensation Committee took seriously the low level of shareholder support reflected by the 2023 Say-on-Pay vote. We worked hard during 2023 and early 2024 to expand our engagement with shareholders. As disclosed and described below in the Compensation Discussion and Analysis section of this proxy statement, the Compensation Committee made the following modifications to the 2024 Annual Incentive Program in response to shareholder input: 1. Increased the weighting of the program’s financial metric component from 60% to 75%; 2. Reduced the number of strategic objectives and the allocated weighting in the program from 40% to 25%; and 3. Allocated a specific weighting to each strategic objective to provide additional transparency to shareholders of the Compensation Committee’s assessment of the relative importance of each objective and performance achieved. While the Compensation Committee is pleased that World Kinect earned greatly enhanced support in 2024 from our shareholders (nearly 91% approval) for our named executive officer compensation program, we remain committed to refining our program to help ensure increased alignment with shareholder interests and best practices. Refining Our 2025 Executive Compensation Program Following extensive benchmarking of our Long-Term Incentive Program, as well as review and input from its independent compensation consultant, the Compensation Committee decided to maintain the same mix of service RSUs (40%) and performance-based RSUs (60%) tied to the achievement of financial targets based on adjusted EPS growth and