Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 108

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 108
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 interest rate of 4.1%.(2)    The aggregate intrinsic value of RSUs vested during the years ended December 31, 2024, 2023 and 2022 was $19.4 million, $18.2 million and $14.8 million, respectively.SSAR AwardsThe following table summarizes the status of our outstanding and exercisable SSAR Awards and related transactions for each of the following years (in millions, except weighted average exercise price and weighted average remaining contractual life data):SSAR Awards OutstandingSSAR Awards ExercisableSSAR AwardsWeighted Average Exercise PriceAggregate Intrinsic ValueWeighted Average Remaining Contractual Life (in Years)SSAR AwardsWeighted Average Exercise PriceAggregate Intrinsic ValueWeighted Average Remaining Contractual Life (in Years)As of December 31, 20211.3$28.78 $0.6 1.90.4$29.18 $0.2 1.0Expired(0.1)36.25 Forfeited(0.6)29.58 As of December 31, 20220.526.35 0.8 0.90.427.43 0.3 0.5Exercised (1)(0.2)26.40 As of December 31, 20230.326.09 — 0.80.326.09 — 0.8Expired(0.1)29.68 As of December 31, 20240.1$23.39 $0.6 0.20.1$23.39 $0.6 0.2(1)The aggregate intrinsic value of SSAR Awards exercised was $0.8 million for the year ended December 31, 2023.

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Unrecognized Compensation CostAs of December 31, 2024, there was $41.2 million of total unrecognized compensation cost related to unvested share-based payment awards, which is expected to be recognized as compensation expense over a weighted average period of 1.1 years.

Accumulated Other Comprehensive Income (Loss)Our Accumulated other comprehensive income (loss) consists of foreign currency translation adjustments related to our subsidiaries that have a functional currency other than the U.S. dollar and unrealized gains (losses) from derivative instruments designated as cash flow hedges. The after-tax changes in Accumulated other comprehensive income (loss