Company: WKC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058752
Chunk: 41

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 41
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   |     |                                 | 160 | % |     |            | 180 | % |     |            | 200 | % |

2022 – 20 24 PRSUs In early 2025, the Compensation Committee evaluated our adjusted EPS performance and adjusted ROIC for the 2022 – 2024 performance period against metrics that had been set in early 2022. The adjusted EPS performance targets were set at difficult-to-attain levels, with threshold and target performance levels (prior to application of the ROIC modifier) set at 45% to 60% above actual adjusted 2021 adjusted EPS of $1.36 per share (which was severely impacted by the COVID-19 pandemic)—and maximum performance level at approximately 90% above 2021 actual adjusted EPS. The table below shows the payout matrix used to determine amounts earned under the 2022 – 2024 PRSU awards:

| Performance Level           |     | Threshold |     |    Target |     | Maximum |     | Actual |
| Adjusted EPS                |     |     $1.98 |     |     $2.20 |     |   $2.60 |     |  $2.18 |
| Adjusted ROIC modifier      |     |       <6% |     | 6% - 7.5% |     |   >7.5% |     |  >7.5% |
| Payout (With ROIC modifier) |     |       30% |     |      120% |     |    200% |     |   112% |

Adjusted 2024 EPS results of $2.18 were slightly below target ($2.20); since the adjusted ROIC was above the target modifier range of 6% to 7.5%, the applicable payout range was between 30% at threshold to 120% at target. Using interpolation, the resulting payout was calculated as 112% of target.

| World Kinect 2025 Proxy Statement | 57 |

| Compensation Discussion and Analysis |

Following is the number of PRSUs that were earned and vested on March 15, 2025 by each of our NEOs, along with their value. These earned awards were granted in 2022 and will be detailed under “Option Exercises and Stock Vested” in next year’s proxy statement.

|        |     | 2022 – 2024 Earned PRSUs |     |             |     |          |