Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 71

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 71
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 the 1.85 million newly authorized shares requested would increase the overhang to approximately 9.2%. Overhang is calculated as the total of (a) shares underlying outstanding awards plus shares available for issuance under future equity awards, divided by (b) the total number of shares outstanding, shares underlying outstanding awards and shares available for issuance under future equity awards. Our Board believes that the proposed share reserve represents a reasonable amount of potential equity dilution to accommodate our long-term strategic and growth priorities. Based on the closing price on the NYSE for our Stock on the Record Date of $23.58 per share, the aggregate market value as of the Record Date of the new 1.85 million shares of Stock requested under the 2025 Plan was $43.6 million.

| 80 | World Kinect 2025 Proxy Statement |

| Proposal 4 |

Share Usage We believe we have demonstrated our commitment to sound equity compensation practices. For example, as set forth in the table below, our average three-year burn rate for 2022, 2023 and 2024 is 1.63%. Our average three-year burn rate is calculated as the number of shares granted under the 2020 Plan and 2021 Plan, as applicable, in each fiscal year, including SSARs, RSAs, and RSUs, plus the number of performance-based SSARs ("PSSARs") and performance-based RSUs (“PRSUs”) vested in each fiscal year, divided by the weighted average common shares outstanding. Management and our Board are cognizant of the expense attributable to compensatory stock awards, as well as dilution, and strive to maintain both at appropriate levels.

|                    |     | -Amounts in millions |     |            |     |        |     |        |     |          |     |                  |     |           |
| Year               |     | SSARs                
 Granted(1)           |     | Full-Value 
     Awards 
 Granted(2) |     | PRSUs  
 Vested 
 (3)    |     | PSSARs 
 Vested 
 (4)    |     | Total(5) |     | Weighted Average 
    Common Shares 
      Outstanding |     | Burn Rate |
| 2024               |     | —                    |     |        0.5 |     | —      |     | —      |     |      0.5 |     |             59.0 |     | 0.