Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 74

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 74
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| Explicit “No Repricing” Provisions                        | Subject to certain adjustment provisions, the Plan expressly provides that the terms of Options or SARs may not be amended, substituted or replaced or re-granted, without shareholder approval, to (1) reduce the exercise price of outstanding Options or SARs or (2) cancel outstanding options or SARs in exchange for Options or SARs with a lower exercise price.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Minimum Vesting/ Minimum Retention                        | Stock-based awards are subject to a minimum vesting period or performance period of one year. The minimum vesting period is subject to an exception in connection with a participant’s death or disability. The minimum vesting requirement is also subject to an exception for an aggregate of up to 5% of the maximum shares of Stock available for delivery pursuant to awards granted under the 2025 Plan.As discussed in the Compensation Discussion and Analysis section of this proxy statement, our stock ownership and retention guidelines require our NEOs to retain 50% of any net after-tax shares acquired pursuant to any equity award for three years after the shares are delivered (or until the individual ceases to be an executive officer, if earlier) and own shares of our Stock with a total value equal to a specified multiple of their annual base salary, based on level. |
| Non-employee director compensation limits                 | The 2025 Plan provides that in no event will any non-employee director in any one calendar year be granted compensation for such service having an aggregate maximum value (measured at the date of grant, as applicable, and calculating the value of any awards based on the grant date fair value for financial reporting purposes) in excess of $850,000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| No discretionary authority to accelerate upon termination | The Committee does not have discretionary authority to accelerate vesting of an award in the event of a participant’s termination of employment other than in connection with the participant’s death or disability.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

| 82 | World Kinect 2025 Proxy Statement |

| Proposal 4 |

| Feature/Practice                                          | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Double-trigger vesting of awards upon a Change of Control | Awards do not accelerate upon a Change of Control (as defined below), unless the employee is terminated without Cause (as defined below) within 12 months following the Change of Control or the awards are not assumed by the acquiror.For performance awards outstanding at the Change of Control, (i)