secwatch.observer — SEC 8-K summary
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Issuer:     WORLD KINECT CORP (WKC)
CIK:        0000789460
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001157523-22-001611
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789460/000115752322001611/0001157523-22-001611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789460/000115752322001611/a52968266.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001611

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer