leadership
confidence high
sentiment neutral
materiality 0.45
World Kinect sets CAO compensation and amends executive severance policy
WORLD KINECT CORP
- CAO Michael Kroll salary raised to $390k; receives $50k PSU with performance period ending 2027, vesting Dec 3, 2028.
- 2026 target bonus opportunity set at 60% of base salary; annual LTI target opportunity of $150k.
- Compensation Committee approved amended Executive Severance Policy effective Jan 1, 2026.
- Ira Birns, John Rau, and Mike Tejada designated as participants under the amended severance policy.
- Severance includes cash payment equal to base salary (or base plus target bonus after a change of control) times a participant-specific factor.
item 5.02