Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 107

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 107
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1 — 2006 Plan (3)0.1 — — (1)As of December 31, 2024, unvested RSUs will vest between February 2025 and May 2028.(2)As of December 31, 2024, the outstanding SSAR Awards will expire in March 2025.(3)RSUs granted to non‑employee directors under the 2006 Plan prior to 2011 remain outstanding until the date the non‑employee director ceases, for any reason, to be a member of the Board of Directors.

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Table of Contents

RSU AwardsRSUs may contain one or more service, performance, or market-based vesting conditions. The following table summarizes the status of our RSUs and related transactions for each of the following years (in millions, except for weighted average grant‑date fair value data and weighted average remaining contractual life): RSUsWeighted Average Grant Date Fair Value PriceAggregate Intrinsic ValueWeighted Average Remaining Contractual Life (in Years)As of December 31, 20211.7$27.30 $46.3 1.2Granted (1)2.125.86 Vested (2)(0.6)27.27 Forfeited(0.3)25.97 As of December 31, 20223.026.41 81.4 1.6Granted1.323.48 Vested (2)(0.8)25.16 Forfeited(0.5)23.24 As of December 31, 20233.025.99 67.9 1.5Granted0.825.46 Vested (2)(0.8)25.41 Forfeited(0.4)27.36 As of December 31, 20242.7$25.80 $73.1 1.9(1)    Awards granted during the year ended December 31, 2022 included 0.5 million special performance-based equity awards, pursuant to which vesting is tied to the Company's total shareholder return over the three-year performance period. The awards were valued using a Monte Carlo simulation. The weighted average grant date fair value of the awards was $33.45 and the assumptions used to determine such fair value were as follows: simulation term of 3 years, volatility of 52.2%, and risk-free