World Fuel grants TSR-based PRSUs to NEOs; COO Smith retires Dec 31, 2022

WORLD KINECT CORP

Transformational PRSU awards approved: Kasbar target 181,160 units, Birns & Rau 50,725 each, vesting on TSR over 3 years to Nov 2025.
Maximum performance could increase market cap by ~$1B; payout ranges from 50% to 200% of target.
EVP/COO Jeffrey Smith to retire Dec 31, 2022; will remain as non-executive employee through Dec 2023 with $240k salary and 2023 bonus eligibility.
Awards intended to align management with energy transition strategy; granted under 2021 Omnibus Plan.

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