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Companies WORLD KINECT CORP

WORLD KINECT (WKC): executive pay, fiscal 2025

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CEO total pay$3,359,625CEO Ira Birns · source
Say-on-pay support92.68%Latest vote · source
CEO vs. named peers1st pct.Of 18 peer CEOs
CEO pay ratio240:1To the median employee · source

CEO pay, last three years

  • $2,823,311FY2023
  • $2,774,784FY2024
  • $3,359,625FY2025

CEO total pay was $3,359,625 in fiscal 2025, up from $2,774,784 in fiscal 2024.

FY2025: salary $700,000 · bonus $0 · stock awards $2,250,038 · option awards $0

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Executives and directors

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Kasbar$1,000,000$0$4,500,022$0$867,409$6,091$56,658$6,430,180
Executive Chairman
Ira Birns700,00002,250,0380371,747037,8413,359,625
Chief Executive Officer
John Rau700,00002,250,0380371,747030,4403,352,224
President
Mike Tejada473,438315,000525,01400054,0731,367,525
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Michael Kasbar$6,430,180$6,704,733$6,802,243↓ −274,553
Ira Birns3,359,6252,774,7842,823,311↑ +584,841
John Rau3,352,2242,770,5452,820,431↑ +581,679
Mike Tejada1,367,525———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed to attract and retain our executives and motivate them to deliver results that support our growth strategy. We structure our executive compensation program to help directly align our compensation levels with current and future performance that creates value for our shareholders, employees, customers and other stakeholders.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantCompensation Strategies, Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

No plan-based awards are on file for this fiscal year.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Mike TejadaRSU1,050—$24,602
Mike TejadaRSU1,141—26,722
Mike TejadaPSU1,388—32,521
Mike TejadaPSU2,100—49,203
Mike TejadaPSU2,281—53,444
Mike TejadaPSU4,413—103,397
Mike TejadaPSU5,131—120,219
Mike TejadaPSU6,299—147,586
Ira BirnsPSU8,622—202,013
John RauPSU8,622—202,013
Mike TejadaPSU11,253—263,658
Mike TejadaRSU11,253—263,658
Ira BirnsPSU15,628—366,164
John RauPSU15,628—366,164
Ira BirnsRSU16,631—389,664
John RauRSU16,631—389,664
Ira BirnsRSU17,581—411,911
John RauRSU17,581—411,911
Ira BirnsPSU22,175—519,560
John RauPSU22,175—519,560
Michael KasbarPSU25,032—586,500
Ira BirnsPSU25,446—596,200
Ira BirnsRSU25,446—596,200
John RauPSU25,446—596,200
John RauRSU25,446—596,200
Ira BirnsPSU33,262—779,329
John RauPSU33,262—779,329
Ira BirnsPSU35,161—823,822
John RauPSU35,161—823,822
Michael KasbarPSU45,369—1,062,996
Michael KasbarRSU48,284—1,131,282
Michael KasbarRSU51,040—1,195,867
Michael KasbarPSU64,378—1,508,377
Michael KasbarPSU96,567—2,262,565
Michael KasbarPSU102,080—2,391,734
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Ken BakshiIndependent · Compensation (Chair) · Governance · Nominating Subcommittee (Chair)$175,000$205,005———$380,005
Jorge L. BenitezIndependent · Lead Independent Director · Audit · Governance · Nominating Subcommittee180,389195,018———375,407
John L. ManleyIndependent · Audit (Chair) · Governance · Nominating Subcommittee162,500200,025———362,525
Stephen K. RoddenberryIndependent · Not standing for re-election147,111195,018———342,130
Sharda CherwooIndependent · Audit · Governance145,000195,018———340,018
Richard A. KassarIndependent · Audit · Compensation · Governance · Not standing for re-election132,500185,005———317,505
Jeffrey M. KottkampIndependent · Audit · Governance77,472205,684———283,156
Paul H. StebbinsNot independent · FOR107,500175,019———282,519
Greg PiperIndependent · Compensation · Governance50,269162,058———212,327
Andrea SmithIndependent · Compensation · Governance20,699113,545———134,244
Jill B. SmartIndependent47,0560———47,056
Michael J. KasbarEmployee director · Board Chair—————0
Ira M. BirnsEmployee director · Newly elected—————0

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$175,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)35,000 / 30,000 / 20,000
Stock ownership guideline$500,000

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,245,496
Equity awards (grant-date value)$1,831,395
All other compensation$0
Total cost of the board$3,076,891

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names WORLD KINECT as a peer

Companies that benchmark against WKC

3 companies name WKC as a compensation peer

Each company listed discloses WKC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named WKC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

Of the companies WORLD KINECT CORP names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including WORLD KINECT CORP.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Hess Corporation2024John Hess$1,575,000$12,075,036$0$4,358,700$18,036,267
2Sysco Corporation2026Kevin Hourican1,435,53810,391,7592,579,9862,905,60217,899,369
3HF Sinclair Corporation2025Timothy Go1,204,6159,977,38202,668,96814,278,553
4XPO Logistics, Inc.2025Mario Harik872,1989,876,76001,236,90612,001,545
5W.W. Grainger, Inc.2025D.G. Macpherson1,176,3708,451,81901,653,07511,609,508
6C. H. Robinson Worldwide, Inc.2025David Bozeman1,100,9626,984,38302,879,61811,045,949
7Ryder System, Inc.2025Robert Sanchez1,100,0017,159,49501,675,89410,178,386
8Expand Energy Corporation2025Domenic Dell'Osso947,3468,890,444——9,879,106
9United Natural Foods, Inc.2025Sandy Douglas1,050,0006,668,31101,908,6489,655,175
10Expeditors International of Washington, Inc.2025Daniel Wall100,0005,940,13403,600,7299,643,863
11J.B. Hunt Transport Services, Inc.2025Shelley Simpson961,3856,927,52901,067,4219,004,371
12Range Resources Corporation2025Dennis Degner932,5006,143,87701,128,0008,375,421
13PBF Energy Inc.2025Matthew Lucey1,250,0005,767,000007,887,020
14Delek US Holdings, Inc.2025Avigal Soreq900,0004,832,19501,895,5447,683,786
15Performance Food Group Company2026Scott McPherson880,3854,250,19101,933,2187,129,941
16Kirby Corporation2025David Grzebinski1,091,7542,250,12703,349,2556,735,134
17Landstar System, Inc.2025Frank Lonegro800,0003,473,0490210,0004,574,887
18Hub Group, Inc.2024Phillip Yeager850,0002,400,342—552,5003,964,450
19WORLD KINECT CORP2025Ira Birns700,0002,250,0380371,7473,359,625

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
WORLD KINECT CORPnot disclosedPRSU 60 · RSU 40not disclosedCompensation Strategies, Inc.
C. H. Robinson Worldwide, Inc.171%PSU 60 · RSU 40NoSemler Brossy
Delek US Holdings, Inc.not disclosedRSU 50 · PSU 50not disclosedPay Governance LLC
Expand Energy Corporationnot disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
Expeditors International of Washington, Inc.not disclosedPSU 50 · RSU 50NoMeridian Compensation Partners, LLC
Hess Corporation184.3%Restricted Stock 100not disclosedSemler Brossy Consulting Group LLC
HF Sinclair Corporation151.8%not disclosedNoMeridian Compensation Partners, LLC
Hub Group, Inc.not disclosedRSU 50 · PRSU 50NoAon
J.B. Hunt Transport Services, Inc.not disclosedPSU 60 · RSU 40NoMeridian Compensation Partners, LLC
Kirby Corporationnot disclosedRSU 100not disclosedMeridian Compensation Partners
Landstar System, Inc.not disclosednot disclosednot disclosedFW Cook; Compensation Strategies, Inc.
PBF Energy Inc.not disclosedRestricted Stock 40 · Performance Share Units 30 · Performance Units 30Yes — Relative TSRPay Governance LLC
Performance Food Group Company150.4%PSU 60 · RSU 40Yes — Relative TSRMeridian Compensation Partners, LLC
Range Resources Corporationnot disclosedPSU 60 · RSU 40Yes — Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
Ryder System, Inc.90%PSU 60 · RSU 40NoFW Cook
Sysco Corporation115.66%PSU 50 · RSU 30 · Option 20NoSemler Brossy
United Natural Foods, Inc.121.2%PSU 60 · RSU 40Yes — Relative TSR Modifier (S&P 400 Mid Cap)FW Cook
W.W. Grainger, Inc.93%PSU 60 · RSU 40NoPay Governance, LLC
XPO Logistics, Inc.not disclosednot disclosednot disclosedExequity LLP

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1841,333,7003,262,774185,22592.68%Passed
20252025-06-0547,716,6672,270,91269,25395.46%Passed
20242024-06-0647,319,2994,711,774297,05590.94%Passed
20232023-06-1627,044,34626,945,124865,36650.09%Passed
20222022-05-1750,178,8564,003,27096,40892.61%Passed
20212021-05-2151,428,6014,720,905268,62891.59%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-06-1892.68%a
20252025-06-0595.46%b
20242024-06-0690.94%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)240 : 1
CEO total compensation—
Median employee compensation$63,557
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (60 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Michael Kasbar. DEF 14A, filed 2026-04-28. Section “Executive Compensation Tables”. As printed: 6,430,180. View filing ↗
  • Section 01, Ira Birns. DEF 14A, filed 2026-04-28. Section “Executive Compensation Tables”. As printed: 3,359,625. View filing ↗
  • Section 01, John Rau. DEF 14A, filed 2026-04-28. Section “Executive Compensation Tables”. As printed: 3,352,224. View filing ↗
  • Section 01, Mike Tejada. DEF 14A, filed 2026-04-28. Section “Executive Compensation Tables”. As printed: 1,367,525. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2023-05-01. Section “CEO Pay Ratio”. As printed: 240 : 1. View filing ↗
  • Section 08, Ken Bakshi. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 380,005. View filing ↗
  • Section 08, Jorge L. Benitez. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 375,407. View filing ↗
  • Section 08, John L. Manley. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 362,525. View filing ↗
  • Section 08, Stephen K. Roddenberry. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 342,130. View filing ↗
  • Section 08, Sharda Cherwoo. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 340,018. View filing ↗
  • Section 08, Richard A. Kassar. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 317,505. View filing ↗
  • Section 08, Jeffrey M. Kottkamp. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 283,156. View filing ↗
  • Section 08, Paul H. Stebbins. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 282,519. View filing ↗
  • Section 08, Greg Piper. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 212,327. View filing ↗
  • Section 08, Andrea Smith. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 134,244. View filing ↗
  • Section 08, Jill B. Smart. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 47,056. View filing ↗
  • Section 08, Michael J. Kasbar. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Ira M. Birns. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-07-02. Item 5.07 · say-on-pay result. As reported: 92.68% (votes for as printed: 41,333,700). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-06-11. Item 5.07 · say-on-pay result. As reported: 95.46% (votes for as printed: 47,716,667). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-06-10. Item 5.07 · say-on-pay result. As reported: 90.94% (votes for as printed: 47,319,299). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 09b board cost (computed). Computed. Cash 1,245,496 + equity 1,831,395 + all other 0 = 3,076,891, summed across the director compensation table rows.
  • Hess Corporation, Section 10b CEO total. DEF 14A, filed 2025-04-04. CEO total compensation as printed in Hess Corporation's own proxy. As printed: 18,036,267. View filing ↗
  • Sysco Corporation, Section 10b CEO total. DEF 14A, filed 2026-10-01. CEO total compensation as printed in Sysco Corporation's own proxy. As printed: 17,899,369. View filing ↗
  • HF Sinclair Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in HF Sinclair Corporation's own proxy. As printed: 14,278,553. View filing ↗
  • XPO Logistics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in XPO Logistics, Inc.'s own proxy. As printed: 12,001,545. View filing ↗
  • W.W. Grainger, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-10. CEO total compensation as printed in W.W. Grainger, Inc.'s own proxy. As printed: 11,609,508. View filing ↗
  • C. H. Robinson Worldwide, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in C. H. Robinson Worldwide, Inc.'s own proxy. As printed: 11,045,949. View filing ↗
  • Ryder System, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in Ryder System, Inc.'s own proxy. As printed: 10,178,386. View filing ↗
  • Expand Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Expand Energy Corporation's own proxy. As printed: 9,879,106. View filing ↗
  • United Natural Foods, Inc., Section 10b CEO total. DEF 14A, filed 2025-11-05. CEO total compensation as printed in United Natural Foods, Inc.'s own proxy. As printed: 9,655,175. View filing ↗
  • Expeditors International of Washington, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Expeditors International of Washington, Inc.'s own proxy. As printed: 9,643,863. View filing ↗
  • J.B. Hunt Transport Services, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in J.B. Hunt Transport Services, Inc.'s own proxy. As printed: 9,004,371. View filing ↗
  • Range Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Range Resources Corporation's own proxy. As printed: 8,375,421. View filing ↗
  • PBF Energy Inc., Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in PBF Energy Inc.'s own proxy. As printed: 7,887,020. View filing ↗
  • Delek US Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-10. CEO total compensation as printed in Delek US Holdings, Inc.'s own proxy. As printed: 7,683,786. View filing ↗
  • Performance Food Group Company, Section 10b CEO total. DEF 14A, filed 2026-10-09. CEO total compensation as printed in Performance Food Group Company's own proxy. As printed: 7,129,941. View filing ↗
  • Kirby Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-06. CEO total compensation as printed in Kirby Corporation's own proxy. As printed: 6,735,134. View filing ↗
  • Landstar System, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in Landstar System, Inc.'s own proxy. As printed: 4,574,887. View filing ↗
  • Hub Group, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-03. CEO total compensation as printed in Hub Group, Inc.'s own proxy. As printed: 3,964,450. View filing ↗
  • WORLD KINECT CORP (subject), Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in WORLD KINECT CORP's own proxy. As printed: 3,359,625. View filing ↗
  • Section 10a, Range Resources Corporation reciprocity. DEF 14A. Range Resources Corporation's most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, Hub Group, Inc. reciprocity. DEF 14A. Hub Group, Inc.'s most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, Hess Corporation reciprocity. DEF 14A. Hess Corporation's most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, W.W. Grainger, Inc. reciprocity. DEF 14A. W.W. Grainger, Inc.'s most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, C. H. Robinson Worldwide, Inc. reciprocity. DEF 14A. C. H. Robinson Worldwide, Inc.'s most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, XPO Logistics, Inc. reciprocity. DEF 14A. XPO Logistics, Inc.'s most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, Landstar System, Inc. reciprocity. DEF 14A. Landstar System, Inc.'s most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, Expeditors International of Washington, Inc. reciprocity. DEF 14A. Expeditors International of Washington, Inc.'s most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, Delek US Holdings, Inc. reciprocity. DEF 14A. Delek US Holdings, Inc. names WORLD KINECT CORP in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Sysco Corporation reciprocity. DEF 14A. Sysco Corporation's most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, HF Sinclair Corporation reciprocity. DEF 14A. HF Sinclair Corporation's most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, United Natural Foods, Inc. reciprocity. DEF 14A. United Natural Foods, Inc.'s most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, Ryder System, Inc. reciprocity. DEF 14A. Ryder System, Inc.'s most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, Kirby Corporation reciprocity. DEF 14A. Kirby Corporation's most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, PBF Energy Inc. reciprocity. DEF 14A. PBF Energy Inc.'s most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, J.B. Hunt Transport Services, Inc. reciprocity. DEF 14A. J.B. Hunt Transport Services, Inc.'s most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, Performance Food Group Company reciprocity. DEF 14A. Performance Food Group Company's most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
  • Section 10a, Expand Energy Corporation reciprocity. DEF 14A. Expand Energy Corporation's most recent proxy was read; its disclosed peer group does not include WORLD KINECT CORP. View filing ↗
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