Bunge Limited filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$BG
Packaged Foods
Consumer Staples
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
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(Exact name of registrant as specified in its charter)
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N.A | ||||||||
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1391 Timberlake Manor Parkway Chesterfield, MO | 63017 | |||||||
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N/A | ||||||||
(Former name or former address, if changed since last report) | ||||||||
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Securities registered pursuant to Section 12(b) of the Act: | ||||||||
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 26, 2026, the Human Resources and Compensation Committee ("Compensation Committee") recommended, and the Board of Directors ("Board") of Bunge Global SA (the "Company") approved, a special, one-time performance-based incentive program (the "Executive Integration Incentive Program") applicable to certain senior officers of the Company, including the Chief Executive Officer and other named executive officers.
The Executive Integration Incentive Program consists of performance-based restricted stock units ("PBRSUs") to be granted as outlined below ("PBRSU Awards"). The PBRSU Awards will generally vest and be payable, if at all, based on the achievement of specified cumulative run-rate cost synergy targets over a three-year performance period beginning on January 1, 2026 and ending on December 31, 2028 (the "Performance Period"), subject to the terms and conditions of the applicable award agreements.
The Executive Integration Incentive Program was established in connection with the ongoing integration efforts related to the closing of the acquisition of Viterra Limited. This plan is intended to incentivize the execution of an accelerated integration and synergy capture plan and to reward sustained executive focus on the successful execution of these integration plans over a multi-year horizon.
The Board approved the PBRSU Awards to the Company's named executive officers in the following amounts:
Name and Position | Number of PBRSUs Granted | ||||
Gregory Heckman, Chief Executive Officer | 63,281 | ||||
Christos Dimopoulos, Executive Vice President, Global Markets & Chief Sustainability Officer | 7,959 | ||||
Julio Garros, Chief Operating Officer | 19,501 | ||||
John Neppl, Chief Financial Officer | 12,099 | ||||
Joseph Podwika, Chief Legal Officer | 3,900 | ||||
Any PBRSUs that are earned pursuant to the PBRSU Awards will generally vest and be settled in shares of the Company’s registered shares following the Compensation Committee’s certification of performance at the completion of the Performance Period, subject to the participant’s continued employment through the applicable vesting or settlement date, except as otherwise provided in the applicable award agreement; and additionally and specifically with respect to Messrs. Heckman and Neppl as members of our Executive Management Team, subject to general compliance with the maximum aggregate compensation amount for the Executive Management Team approved by shareholders.
Item 9.01 Financial Statements and Exhibits
(d): Exhibits.
Exhibit No. | Description | |||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 1, 2026
BUNGE GLOBAL SA | |||||
By: | /s/Lisa Ware-Alexander | ||||
Name: | Lisa Ware-Alexander | ||||
Title: | Secretary | ||||