<a href="https://laohu8.com/S/WKC">World Kinect</a> Raises Executive Pay and Updates Severance Policy
World Kinect Corporation has announced new compensation terms for Michael Kroll following his promotion to Senior Vice President and Chief Accounting Officer, effective November 1, 2025. Kroll's annual salary has been set at $390,000. He will receive a performance-based restricted stock unit award valued at $50,000, which will vest if the company achieves specified earnings per share targets over a three-year period ending December 31, 2027, and if Kroll remains with the company through December 3, 2028. Additionally, Kroll is eligible for a 2026 annual target bonus opportunity of 60% of his base salary and a long-term incentive award opportunity of $150,000. The company's Compensation Committee also approved an amended and restated Executive Severance Policy, effective January 1, 2026. This policy provides designated executives with specific severance benefits if their employment is terminated without cause, due to death or disability, or if they resign for good reason, both before and after a change of control. Ira M. Birns, John Rau, and Jose-Miguel (Mike) Tejada have been designated as participants in the updated severance plan.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. World Kinect Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-312919), on December 09, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.