Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 39

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 39
---
           |     |                |           |     |       |           |
|        |     |                            2024 |           |     |                |           |     |       |           |
| NEO    |     |                    Target PRSUs 
                       (60%) (1) 
                             ($) |           |     | Service-Based  
 RSUs (40%) (1) 
 ($)            |           |     | Total 
 ($)   |           |
| Kasbar |     |                                 | 2,700,000 |     |                | 1,800,000 |     |       | 4,500,000 |
| Birns  |     |                                 |   930,000 |     |                |   620,000 |     |       | 1,550,000 |
| Rau    |     |                                 |   930,000 |     |                |   620,000 |     |       | 1,550,000 |

1. The number of RSUs and target PRSUs awarded is calculated by dividing the respective target LTIP opportunity value by the grant date fair market value of our common stock, as defined in the World Kinect 2021 Omnibus Plan ("2021 Omnibus Plan"). Please refer to the Grants of Plan-Based Awards table for the actual number of target PRSUs and RSUs granted. PERFORMANCE-BASED RSUs 2024 – 20 26 PRSUs Consistent with prior years, for the 2024-2026 PRSUs awarded under the 2024 LTIP, the Compensation Committee decided to continue to use growth in adjusted EPS as the primary financial metric, as modified by our adjusted ROIC, to adjust, positively or negatively, the performance level achieved. The Compensation Committee believes that while adjusted EPS reflects execution of our strategy to grow earnings, adjusted ROIC measures the efficiency with which our NEOs allocate capital resources to drive that growth, taking into account the quantity of earnings and the quality of earnings and investments that drive sustainable growth and shareholder value. The Compensation Committee believes that utilizing these two metrics (1) is consistent with the practices of our compensation comparison companies and the broader market and (2) provides executives a consistent and continuous incentive to focus on our long-term growth in EPS and to share in increases in our market value, while maintaining effective use of our capital resources. These performance metrics also align with our strategic focus of driving sustainable growth, efficiently using our available capital and increasing the value of our common stock for shareholders