Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 76

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 76
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) determine the terms and conditions of the awards, (iii) construe and interpret the Plan and awards, (iv) grant replacement awards in specified circumstances, (v) establish, amend and revoke rules and regulations for its administration and (vi) cancel awards. The Committee would not, however, have discretionary authority to accelerate vesting of an award in the event of a participant’s termination of employment other than in connection with the participant’s death or disability. Any interpretation of the Plan by the Committee, and any decision made by the Committee under the Plan, is binding and conclusive on all persons. In no event would the Committee have the power to reprice options or SARs with an exercise price that is less than the original exercise price, unless such action is approved by the Company’s shareholders. Any awards granted to a non-employee director of the Board is administered by the Board, and the Board would have all the powers of the Committee in such circumstances.

| World Kinect 2025 Proxy Statement | 83 |

| Proposal 4 |

Eligibility

Any current or prospective employee, officer or member of the Board of the Company or any of its subsidiaries, any individual consultant or other person who performs services for the Company or any of its subsidiaries (provided that such consultant or other person satisfies the Form S-8 definition of an “employee”) is eligible for selection by the Committee to receive awards and participate in the Plan. The Company has historically granted equity awards to its non-employee directors and to approximately 5% of its employee population. Although consultants of the Company and its affiliates are eligible to participate in the 2025 Plan, we have generally not granted equity awards to consultants in recent years and, due to the temporary status of such service providers, do not have a current estimate of how many such consultants may be eligible in the future to participate in the 2025 Plan. We do not currently expect to make material grants of awards under the 2025 Plan to consultants. The basis for participation in the 2025 Plan by eligible persons is the selection of such persons by the Committee (or its authorized delegate) in its discretion.

Shares Available for Awards

Subject to adjustment for changes in capitalization, the maximum total number of shares of Stock that may be delivered to participants and their beneficiaries under the Plan is equal to the sum of (a) 1.85 million shares of Stock plus (b) any shares of Stock remaining available for future awards under the 2021 Plan on the date the 2025 Plan is