Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 32

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 32
---
 return on invested capital. We have, however, decided to refine how we calculate those metrics. Beginning with the 2025 – 2027 performance-based RSUs, the adjusted EPS growth metric, which measured EPS in the final performance year, will be replaced with a cumulative growth target, measuring EPS for each year of the three-year performance period additively (in the form of a three-year average); likewise, the ROIC modifier will change from a single year growth target to a three-year average target. The Compensation Committee approved this change to more tightly align rewards with sustained long-term performance. New 2025 Omnibus Plan A key task for the Compensation Committee is to attract, retain and motivate executives and directors who will drive results that support our business strategy and long-term shareholder interests. We have consistently used equity-based compensation to reward key employees and the Company’s Board of Directors. It has been four years since we requested additional shares for our equity plan. Based on strong support from management, the Compensation Committee has recommended that our shareholders approve a new World Kinect 2025 Omnibus Plan, including a request for 1.85 million new shares under the plan (in addition to the shares remaining available under the World Kinect 2021 Omnibus Plan). The new World Kinect 2025 Omnibus Plan will help the Compensation Committee continue to incentivize and reward the people who help achieve long-term success for World Kinect and its shareholders.

| 44 | World Kinect 2025 Proxy Statement |

I am honored to have served the shareholders for another year as Chair of our Compensation Committee, and I am committed to the goal of operating our executive compensation program to support our strategic priorities, motivate our management team to address the challenges of a rapidly transforming energy industry and enhance shareholder value.

Sincerely,

Ken Bakshi,Chair of the Compensation Committee

| World Kinect 2025 Proxy Statement | 45 |

| CompensationDiscussion and Analysis |

This Compensation Discussion and Analysis describes our compensation policies and practices as they relate to our three named executive officers (“NEOs”) as of December 31, 2024, identified below.

| Name              | Title                                 |
| Michael J. Kasbar | Chairman and Chief Executive Officer  |
| Ira M. Birns      | President and Chief Financial Officer |
| John P. Rau       | Chief Operating Officer               |

As discussed in Proposal 2 of this proxy statement, we are conducting a say-on-pay vote this year that requests your approval, on a non-binding advisory basis, of the compensation of our