Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 54

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 54
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 2024 PRSUs and the November 2022 Transformational Awards) for the three-year period beginning with the year of the grant. With the exception of the November 10, 2022 Transformational Awards, any earned portion will vest on the date after December 31st of the third year of the performance period, when the Compensation Committee certifies in writing the extent to which the requisite performance level has been achieved for the performance period based upon our audited financial statements, but in no event later than March of that year. For the November 10, 2022 Transformational Awards for Messrs. Kasbar, Birns and Rau, any earned awards will vest 50% on the date on which the Compensation Committee determines the extent to which the performance goal has been achieved following the three-year performance period, with the remaining 50% of any earned awards vesting on the fourth anniversary of the grant date. The 2022 Transformational Awards are "at-risk" PRSUs that are earned from 0% to 200% based on our absolute TSR over a three-year performance period, with TSR measured as the volume-weighted average trading price for the 30 consecutive trading days prior to each of the grant date and the end of the performance period. O ption Exercises and Stock Vested The following table sets forth the stock awards that vested during the year ended December 31, 2024 for our NEOs.

|                   |     | Stock Awards              |        |     |                              |           |
| Name              |     | Number of Shares Acquired 
 on Vesting(1)             
 (#)                       |        |     | Value Realized on Vesting(2) 
 ($)                          |           |
| Michael J. Kasbar |     |                           | 93,960 |     |                              | 2,382,329 |
| Ira M. Birns      |     |                           | 27,371 |     |                              |   680,990 |
| John P. Rau       |     |                           | 21,915 |     |                              |   545,245 |

1. The amounts shown in this column reflect the number of RSUs that vested for each NEO. Upon vesting, we withheld a sufficient number of shares to cover the NEO's tax liability associated with the vesting. Thereafter, each of the NEOs received the following number of net shares of our common stock: Mr. Kasbar—56,984, Mr. Birns