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[Form 4] CF Industries Holding, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Marsh & McLennan Companies, Inc. (MMC) has filed a Form 8-K dated July 9, 2025 announcing that the Board has appointed Bruce Broussard, 63, as an independent director effective immediately. He will also join the Board’s Audit Committee after the directors determined that he meets all applicable independence and financial-literacy requirements. As a non-management director, Mr. Broussard will receive the standard compensation package previously disclosed for independent directors (see Exhibit 10.1 to MMC’s Q2-2024 Form 10-Q). A press release detailing the appointment is furnished as Exhibit 99.1 and incorporated by reference. No other material changes, financial results, or transactions are reported in this filing.

Marsh & McLennan Companies, Inc. (MMC) ha presentato un Modulo 8-K datato 9 luglio 2025 annunciando che il Consiglio di Amministrazione ha nominato Bruce Broussard, 63 anni, come direttore indipendente con effetto immediato. Inoltre, entrerà a far parte del Comitato di Revisione del Consiglio, dopo che i direttori hanno accertato che soddisfa tutti i requisiti di indipendenza e competenza finanziaria applicabili. In qualità di direttore non esecutivo, il Sig. Broussard riceverà il pacchetto retributivo standard precedentemente comunicato per i direttori indipendenti (vedi l'Esibizione 10.1 del Modulo 10-Q del secondo trimestre 2024 di MMC). Un comunicato stampa che dettaglia la nomina è fornito come Esibizione 99.1 e incorporato per riferimento. Non sono riportate altre modifiche materiali, risultati finanziari o transazioni in questa comunicazione.

Marsh & McLennan Companies, Inc. (MMC) ha presentado un Formulario 8-K fechado el 9 de julio de 2025 anunciando que la Junta ha designado a Bruce Broussard, de 63 años, como director independiente con efecto inmediato. También se unirá al Comité de Auditoría de la Junta después de que los directores determinaron que cumple con todos los requisitos aplicables de independencia y conocimientos financieros. Como director no ejecutivo, el Sr. Broussard recibirá el paquete de compensación estándar previamente divulgado para directores independientes (véase el Anexo 10.1 del Formulario 10-Q del segundo trimestre de 2024 de MMC). Un comunicado de prensa detallando el nombramiento se proporciona como Anexo 99.1 e incorporado por referencia. No se reportan otros cambios materiales, resultados financieros ni transacciones en esta presentación.

Marsh & McLennan Companies, Inc.(MMC)는 2025년 7월 9일자 Form 8-K를 제출하며 이사회가 브루스 브루사드(63세)를 즉시 효력 발생하는 독립 이사로 임명했다고 발표했습니다. 또한 이사회는 그가 모든 독립성 및 재무 이해력 요건을 충족한다고 판단하여 그가 감사위원회에도 합류할 것이라고 밝혔습니다. 비경영진 이사로서 브루사드 씨는 독립 이사에게 이전에 공개된 표준 보수 패키지(2024년 2분기 MMC Form 10-Q의 증거자료 10.1 참조)를 받게 됩니다. 임명에 관한 보도자료는 증거자료 99.1로 제공되며 참조로 포함되어 있습니다. 이 제출서에는 다른 중요한 변경사항, 재무 결과 또는 거래는 보고되지 않았습니다.

Marsh & McLennan Companies, Inc. (MMC) a déposé un formulaire 8-K daté du 9 juillet 2025 annonçant que le conseil d'administration a nommé Bruce Broussard, 63 ans, en tant qu'administrateur indépendant avec effet immédiat. Il rejoindra également le comité d'audit du conseil après que les administrateurs ont déterminé qu'il répond à toutes les exigences applicables en matière d'indépendance et de compétences financières. En tant qu'administrateur non exécutif, M. Broussard recevra le package de rémunération standard précédemment divulgué pour les administrateurs indépendants (voir l'Exhibit 10.1 du formulaire 10-Q du deuxième trimestre 2024 de MMC). Un communiqué de presse détaillant la nomination est fourni en tant qu'Exhibit 99.1 et incorporé par référence. Aucun autre changement important, résultat financier ou transaction n'est signalé dans ce dépôt.

Marsh & McLennan Companies, Inc. (MMC) hat ein Formular 8-K mit Datum 9. Juli 2025 eingereicht, in dem angekündigt wird, dass der Vorstand Bruce Broussard, 63 Jahre, mit sofortiger Wirkung als unabhängiges Vorstandsmitglied ernannt hat. Er wird außerdem dem Prüfungsausschuss des Vorstands beitreten, nachdem die Direktoren festgestellt haben, dass er alle geltenden Unabhängigkeits- und Finanzkompetenzanforderungen erfüllt. Als nicht geschäftsführendes Vorstandsmitglied erhält Herr Broussard das zuvor für unabhängige Direktoren offen gelegte Standardvergütungspaket (siehe Anhang 10.1 zum MMC-Q2-2024-Formular 10-Q). Eine Pressemitteilung zur Ernennung ist als Anhang 99.1 beigefügt und wird durch Verweis aufgenommen. In dieser Einreichung werden keine weiteren wesentlichen Änderungen, Finanzergebnisse oder Transaktionen gemeldet.

Positive
  • Appointment of independent director Bruce Broussard adds experience and strengthens Audit Committee oversight.
Negative
  • None.

Insights

TL;DR – New independent director improves governance; financial impact is negligible.

The 8-K is narrowly focused on board composition. Adding Bruce Broussard increases the number of independent directors and fills a seat on the Audit Committee, supporting best-practice oversight and SOX requirements. Because compensation follows the existing non-employee director schedule, cash expense is immaterial. While the move is strategically positive from a governance standpoint, it does not alter MMC’s earnings outlook, capital structure, or strategy. Investors may view the appointment as a modest credibility enhancer with regulators and proxy advisers, but no near-term valuation catalyst is evident.

Marsh & McLennan Companies, Inc. (MMC) ha presentato un Modulo 8-K datato 9 luglio 2025 annunciando che il Consiglio di Amministrazione ha nominato Bruce Broussard, 63 anni, come direttore indipendente con effetto immediato. Inoltre, entrerà a far parte del Comitato di Revisione del Consiglio, dopo che i direttori hanno accertato che soddisfa tutti i requisiti di indipendenza e competenza finanziaria applicabili. In qualità di direttore non esecutivo, il Sig. Broussard riceverà il pacchetto retributivo standard precedentemente comunicato per i direttori indipendenti (vedi l'Esibizione 10.1 del Modulo 10-Q del secondo trimestre 2024 di MMC). Un comunicato stampa che dettaglia la nomina è fornito come Esibizione 99.1 e incorporato per riferimento. Non sono riportate altre modifiche materiali, risultati finanziari o transazioni in questa comunicazione.

Marsh & McLennan Companies, Inc. (MMC) ha presentado un Formulario 8-K fechado el 9 de julio de 2025 anunciando que la Junta ha designado a Bruce Broussard, de 63 años, como director independiente con efecto inmediato. También se unirá al Comité de Auditoría de la Junta después de que los directores determinaron que cumple con todos los requisitos aplicables de independencia y conocimientos financieros. Como director no ejecutivo, el Sr. Broussard recibirá el paquete de compensación estándar previamente divulgado para directores independientes (véase el Anexo 10.1 del Formulario 10-Q del segundo trimestre de 2024 de MMC). Un comunicado de prensa detallando el nombramiento se proporciona como Anexo 99.1 e incorporado por referencia. No se reportan otros cambios materiales, resultados financieros ni transacciones en esta presentación.

Marsh & McLennan Companies, Inc.(MMC)는 2025년 7월 9일자 Form 8-K를 제출하며 이사회가 브루스 브루사드(63세)를 즉시 효력 발생하는 독립 이사로 임명했다고 발표했습니다. 또한 이사회는 그가 모든 독립성 및 재무 이해력 요건을 충족한다고 판단하여 그가 감사위원회에도 합류할 것이라고 밝혔습니다. 비경영진 이사로서 브루사드 씨는 독립 이사에게 이전에 공개된 표준 보수 패키지(2024년 2분기 MMC Form 10-Q의 증거자료 10.1 참조)를 받게 됩니다. 임명에 관한 보도자료는 증거자료 99.1로 제공되며 참조로 포함되어 있습니다. 이 제출서에는 다른 중요한 변경사항, 재무 결과 또는 거래는 보고되지 않았습니다.

Marsh & McLennan Companies, Inc. (MMC) a déposé un formulaire 8-K daté du 9 juillet 2025 annonçant que le conseil d'administration a nommé Bruce Broussard, 63 ans, en tant qu'administrateur indépendant avec effet immédiat. Il rejoindra également le comité d'audit du conseil après que les administrateurs ont déterminé qu'il répond à toutes les exigences applicables en matière d'indépendance et de compétences financières. En tant qu'administrateur non exécutif, M. Broussard recevra le package de rémunération standard précédemment divulgué pour les administrateurs indépendants (voir l'Exhibit 10.1 du formulaire 10-Q du deuxième trimestre 2024 de MMC). Un communiqué de presse détaillant la nomination est fourni en tant qu'Exhibit 99.1 et incorporé par référence. Aucun autre changement important, résultat financier ou transaction n'est signalé dans ce dépôt.

Marsh & McLennan Companies, Inc. (MMC) hat ein Formular 8-K mit Datum 9. Juli 2025 eingereicht, in dem angekündigt wird, dass der Vorstand Bruce Broussard, 63 Jahre, mit sofortiger Wirkung als unabhängiges Vorstandsmitglied ernannt hat. Er wird außerdem dem Prüfungsausschuss des Vorstands beitreten, nachdem die Direktoren festgestellt haben, dass er alle geltenden Unabhängigkeits- und Finanzkompetenzanforderungen erfüllt. Als nicht geschäftsführendes Vorstandsmitglied erhält Herr Broussard das zuvor für unabhängige Direktoren offen gelegte Standardvergütungspaket (siehe Anhang 10.1 zum MMC-Q2-2024-Formular 10-Q). Eine Pressemitteilung zur Ernennung ist als Anhang 99.1 beigefügt und wird durch Verweis aufgenommen. In dieser Einreichung werden keine weiteren wesentlichen Änderungen, Finanzergebnisse oder Transaktionen gemeldet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Menzel Susan L

(Last) (First) (Middle)
C/O CF INDUSTRIES HOLDINGS, INC.
2375 WATERVIEW DRIVE

(Street)
NORTHBROOK IL 60062

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CF Industries Holdings, Inc. [ CF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP and Chief Admin. Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/07/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common stock, par value $0.01 per share 07/07/2025 F 1,588 D $95.19 86,335 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Michael P. McGrane, by power of attorney 07/09/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who was appointed to MMC's Board on July 9, 2025?

Bruce Broussard, age 63, was appointed as an independent director.

Which Board committee will Bruce Broussard join?

He will serve on the Audit Committee.

When is the appointment effective?

The appointment is effective immediately as of July 9, 2025.

How will the new director be compensated?

He will receive the standard independent-director compensation package described in Exhibit 10.1 to MMC’s Q2-2024 Form 10-Q.

Does the 8-K include financial results or earnings data?

No, the filing is limited to the director appointment; no financial statements or earnings information are provided.

What form type covers this disclosure?

The disclosure is made via a Form 8-K current report.
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