Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 33

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 33
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 tive Compensation Highlights WE RESPONDED TO OUR SHAREHOLDERS AND CONTINUE TO REFINE OUR EXECUTIVE COMPENSATION PROGRAM The Compensation Committee and the full Board took the concerns raised by our 2023 say-on-pay vote seriously, we engaged with and listened to our shareholders, and we made changes to our 2024 executive compensation program, which are reflected in this proxy statement. While we earned nearly 91% approval in 2024 from our shareholders for our named executive officer compensation program, we are nonetheless committed to continuing to refine our program to help ensure increased alignment with shareholder interests and market best practices. NEO EXECUTIVE COMPENSATION CONTINUES TO BE PREDOMINANTLY AT RISK AND PERFORMANCE-BASED For 2024, 86% of the CEO’s target compensation was at risk, and 77% of our other NEOs’ target compensation was at risk, with compensation value tied specifically to our stock price performance and/or achievement of rigorous, pre-established performance metrics.

| CHIEF EXECUTIVE OFFICER |     | AVERAGE OF OTHER NEOS |

NO CHANGES TO NEOs’ 2024 TARGET TOTAL COMPENSATION In consultation with Compensation Strategies, Inc., its independent compensation consultant, the Compensation Committee determined not to increase any of the NEOs’ target total compensation package for 2024. INCREASED FINANCIAL WEIGHTING IN ANNUAL INCENTIVE PROGRAM AND SIMPLIFIED STRATEGIC OBJECTIVES As previewed in last year’s proxy statement, and in response to shareholder feedback received, we enhanced our 2024 annual incentive program ("2024 Annual Incentive Program" or "2024 AIP") by increasing the weighting of the financial performance metrics from 60% to 75%, with the strategic objectives weighting reduced from 40% to 25%. We also simplified the strategic objectives component by substantially reducing the number of objectives, with each objective

| World Kinect 2025 Proxy Statement | 47 |

| Compensation Discussion and Analysis |

weighted based on the Compensation Committee’s assessment of the significance of its contribution to our long-term ability to create shareholder value. 2024 ANNUAL CASH INCENTIVE PAYOUTS WERE BELOW TARGET Payouts for the NEOs under the 2024 Annual Incentive Program were earned at 66% of target overall: the financial component was earned at 58% of target (after accounting for the sale of the Avinode Group and its portfolio of aviation fixed-based operator