Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 43

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 43
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 aggregate, to ensure that our executive compensation programs adhere to the core principles. The Compensation Committee also reviews a detailed historical compensation analysis to help ensure that it is fully informed of all the compensation and benefits each NEO has received as an employee. This analysis includes information such as the aggregate amounts realized from prior years’ compensation, the potential future payout scenarios at various levels of achievement—taking into account any outstanding, unearned performance-based awards—and the current value (as compared to the grant date fair value) of outstanding equity awards and of each NEO’s shareholdings in our stock (what some commentators call an “accumulated wealth analysis”). However, the Compensation Committee does not specifically use the accumulated wealth analysis as a material factor in determining the NEO’s compensation for a given year. The Compensation Committee also considers the recommendations of our Chief Executive Officer with respect to setting the compensation of our other executive officers.

| 58 | World Kinect 2025 Proxy Statement |

| Compensation Discussion and Analysis |

Evaluating Comp ensation Program Design Using Compensation Comparison Companies We believe our business model is unique and that there are few, if any, companies of a similar size and complexity engaged globally in all of our lines of business. During 2024, the Compensation Committee engaged with its independent compensation consultant to review the compensation comparison group and concluded that it was still appropriate and therefore should remain the same. The compensation comparison group for 2024, shown in the chart below, is unchanged from the prior year, with the exception of the removal of PDC Energy, Inc., due to its acquisition by Chevron Corporation in August 2023.

| 2024 Comparison Companies (n=17)             |                                    |                             |
| C. H. Robinson Worldwide, Inc.               | Kirby Corporation                  | Southwestern Energy Company |
| Delek US Holdings, Inc.                      | Landstar System, Inc.              | Sysco Corporation           |
| Expeditors International of Washington, Inc. | PBF Energy Inc.                    | United Natural Foods, Inc.  |
| HF Sinclair Corporation                      | Performance Food Group Corporation | W.W. Grainger, Inc.         |
| Hub Group, Inc.                              | Range Resources Corporation        | XPO Logistics, Inc.         |
| J.B. Hunt Transport Services, Inc.           | Ryder System, Inc                  |                             |

The Compensation Committee used data derived from the compensation comparison companies group shown above to inform its decisions about NEO compensation including amounts, design and mix of pay components. Although the Compensation Committee believes comparison compensation and performance