Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 77

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 77
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 approved by the Company’s shareholders; plus (c) any shares of Stock with respect to awards that were granted under the 2025 Plan or Prior Plans that are forfeited or canceled (e.g., due to the recipient’s failure to satisfy applicable service or performance conditions) after the 2025 Plan is approved by the Company’s shareholders. However, shares of Stock with respect to awards under the 2025 Plan or the Prior Plans that are withheld or tendered or not issued to the Participant (or otherwise used) to satisfy tax withholding obligations or to pay the exercise price of any such award would not become available for issuance pursuant to the 2025 Plan. In addition, any shares of Stock repurchased by the Company on the open market with the proceeds of an award under the 2025 Plan or Prior Plan paid to the Company by or on behalf of the Participant would also not become available for issuance under the 2025 Plan.

Upon exercise of a SAR, each share of Stock with respect to which such SAR is exercised is counted as one share of Stock against the maximum aggregate number of shares of Stock that may be delivered pursuant to awards granted under the Plan, regardless of the number of shares of Stock actually delivered upon settlement of such SAR. If and to the extent that shares of Stock are not delivered because an award is settled in cash, those shares would not be deemed to have been delivered for purposes of determining the maximum number of shares of Stock available for delivery under the Plan.

Shares of Stock issued pursuant to awards granted in substitution for awards previously granted by a company acquired by the Company or subsidiary, or with which the Company or any subsidiary combines, would not reduce the limit on shares of Stock available for delivery under the Plan. Additionally, if a company acquired by the Company or any of our affiliates has shares available under a pre-existing plan approved by shareholders and not adopted in contemplation of such acquisition, the shares available for grant pursuant to the terms of that pre-existing plan may be used for awards under the 2025 Plan and will not reduce the shares authorized for issuance under the 2025 Plan, but only if the shares are used for awards made to individuals who were not employed by or providing services to the Company or any of our affiliates immediately prior to such acquisition.

Types of Awards

Under the Plan, the Committee is authorized to grant stock options, SARs, stock unit awards, performance compensation awards, RSAs, RSU awards, certain other stock-based awards and cash incentive awards.

Stock Options and SARs

A