Company: WKC
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001628280-25-019852
Chunk: 66

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: 10-Q
Item: Part II, Item 2
Chunk 66
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Item 2.     Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities

The following table presents information with respect to repurchases of common stock made by us during the periods presented (in thousands, except average price paid per share):

PeriodTotal Numberof SharesPurchasedAverage Price Paid Per Share (1)Total Numberof Shares Purchasedas Part of PubliclyAnnounced Plansor ProgramsApproximate DollarValue of Shares thatMay Yet Be PurchasedUnder the Plans orPrograms (2)1/1/2025 - 1/31/2025— $— — $236,986 2/1/2025 - 2/28/2025— — — 236,986 3/1/2025 - 3/31/2025351 28.38 351 227,023 Total351 $28.38 351 $227,023 

(1)    The average price paid per share excludes the impact of the 1% Federal excise tax owed pursuant to the Inflation Reduction Act.

(2)    On March 16, 2020, we announced that our Board approved a stock repurchase program authorizing $200.0 million in common stock repurchases. On September 9, 2024, we announced that our Board approved an additional stock repurchase program authorizing $200.0 million in common stock repurchases. These repurchase authorizations do not require a minimum number of shares of common stock to be purchased, have no expiration date, and repurchases may be initiated, suspended or discontinued at any time. As of March 31, 2025, approximately $227.0 million remained available under our repurchase authorizations. The timing and amount of our repurchases will depend on market conditions, share price, securities law and other legal requirements and factors.

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Item 5.     Other Information

Rule 10b5-1 Trading Plans

On March 6, 2025, Jorge Benitez, one of our directors, adopted a trading plan for the sale of shares of our common stock, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The plan expires upon the earlier of March 6, 2026 or upon completion of the sale of the maximum number of shares under the plan. The plan