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Bunge Global (NYSE: BG) grants performance stock units for Viterra integration

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Bunge Global SA approved a special, one-time performance-based incentive program for its Chief Executive Officer and other senior officers tied to the integration of Viterra Limited.

The plan awards performance-based restricted stock units that may vest based on cumulative run-rate cost synergy targets over a three-year period from January 1, 2026 to December 31, 2028, subject to continued employment and other award terms. Named executives received specific PBRSU grants, with CEO Gregory Heckman granted 63,281 units and other listed executives receiving smaller awards.

Positive

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Negative

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
CEO PBRSU grant 63,281 PBRSUs Executive Integration Incentive Program grant to CEO Gregory Heckman
CFO PBRSU grant 12,099 PBRSUs Executive Integration Incentive Program grant to CFO John Neppl
COO PBRSU grant 19,501 PBRSUs Executive Integration Incentive Program grant to COO Julio Garros
Executive VP PBRSU grant 7,959 PBRSUs Grant to Christos Dimopoulos, Executive Vice President, Global Markets & Chief Sustainability Officer
Chief Legal Officer PBRSU grant 3,900 PBRSUs Executive Integration Incentive Program grant to Chief Legal Officer Joseph Podwika
Performance period start January 1, 2026 Start of three-year performance period for PBRSU awards
Performance period end December 31, 2028 End of three-year performance period for PBRSU awards
Executive Integration Incentive Program financial
"approved, a special, one-time performance-based incentive program (the "Executive Integration Incentive Program")"
performance-based restricted stock units financial
"The Executive Integration Incentive Program consists of performance-based restricted stock units ("PBRSUs")"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
PBRSU Awards financial
"to be granted as outlined below ("PBRSU Awards"). The PBRSU Awards will generally vest"
cumulative run-rate cost synergy targets financial
"based on the achievement of specified cumulative run-rate cost synergy targets over a three-year performance period"
Performance Period financial
"over a three-year performance period beginning on January 1, 2026 and ending on December 31, 2028 (the "Performance Period")"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
Understanding 8-K Material Events →
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

March 26, 2026
Date of Report (date of earliest event reported)
___________________________________
BUNGE GLOBAL SA
(Exact name of registrant as specified in its charter)
___________________________________
Switzerland
(State of Incorporation)
000-56607
(Commission File Number)
98-1743397
(IRS Employer Identification Number)
Route de Florrisant 13,
1206 Geneva, Switzerland
N.A
(Address of principal executive offices and zip code)
(Zip Code)
1391 Timberlake Manor Parkway
Chesterfield, MO
 63017
(Address of corporate headquarters )
(Zip Code)
(314) 292-2000
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Registered Shares, $0.01 par value per share
BG
New York Stock Exchange
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).
Emerging growth company    ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


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


Source: View Original Filing on SEC EDGAR

FAQ

What did Bunge Global (BG) announce in this 8-K filing?

Bunge Global approved a one-time performance-based incentive program for certain senior officers. It uses performance-based restricted stock units linked to cost synergy targets from integrating Viterra Limited over a three-year period, aligning executive rewards with successful integration execution.

Which executives at Bunge Global (BG) are included in the new incentive program?

The program applies to certain senior officers, including the Chief Executive Officer and other named executive officers. The filing lists Gregory Heckman, Christos Dimopoulos, Julio Garros, John Neppl, and Joseph Podwika as recipients of specific performance-based restricted stock unit awards.

How many PBRSUs did Bunge Global (BG) grant to its CEO?

CEO Gregory Heckman was granted 63,281 PBRSUs under the Executive Integration Incentive Program. These performance-based restricted stock units may vest and be settled in registered shares if specified cumulative run-rate cost synergy targets are achieved during the three-year performance period.

What performance period applies to Bunge Global’s (BG) Executive Integration Incentive Program?

The performance period runs from January 1, 2026 to December 31, 2028. PBRSUs can be earned based on cumulative run-rate cost synergy targets over this three-year window, with vesting generally after performance certification and continued employment requirements are satisfied.

How are PBRSUs under Bunge Global’s (BG) program settled if earned?

Any earned PBRSUs generally vest and are settled in registered shares of Bunge Global after the Compensation Committee certifies performance at the end of the performance period, subject to continued employment and the terms of the applicable award agreements.

Why did Bunge Global (BG) create the Executive Integration Incentive Program?

The program was established in connection with integrating Viterra Limited. It is intended to incentivize an accelerated integration and synergy capture plan and to reward sustained executive focus on successful multi-year execution of these integration efforts.

Filing Exhibits & Attachments

4 documents

Other Documents