The Mosaic Company 8-K, filed Sep 25, 2026

Summary

The Mosaic Company disclosed that Executive Vice President – Operations Karen A. Swager will resign effective December 1, 2026, and retire in the second quarter of 2027 after serving as a Senior Advisor, and that Walter F. Precourt III, previously Senior Vice President and Chief Administrative Officer, will succeed her as Executive Vice President – Operations on December 1, 2026. Precourt's compensation includes a $710,000 base salary, an 85% target bonus under the Management Incentive Plan, a $1,725,000 long-term incentive award, and a one-time $300,000 restricted stock unit award vesting over three years.

Key points

• Karen A. Swager will resign as Executive Vice President – Operations effective December 1, 2026, and continue as a Senior Advisor until her retirement in the second quarter of 2027, retaining her current cash compensation and management-level benefits.
• Walter F. Precourt III, age 62, was appointed Executive Vice President – Operations effective December 1, 2026; he had been Senior Vice President and Chief Administrative Officer since November 1, 2023, and joined Mosaic in 2009.
• Precourt's package includes a $710,000 base salary, a 2027 target bonus of 85% of base salary under the MIP, a $1,725,000 long-term incentive award split 40% restricted stock units and 60% TSR performance units, and a one-time $300,000 RSU award vesting 33%/33%/34% over three years.
• His severance and change-in-control agreement continues in the form used for executive officers other than the CEO, with coverage extending through March 31, 2029.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.