Mosaic Co. Announces EVP-Operations Retirement; Walter Precourt Appointed

What Happened Mosaic Company filed an 8‑K reporting that Executive Vice President – Operations Karen A. Swager informed the company on September 23, 2026 that she will resign as EVP – Operations effective December 1, 2026 and will serve as a Senior Advisor through her planned retirement in the second quarter of 2027. On the same date, the Board appointed Walter F. Precourt, III to be Executive Vice President – Operations effective December 1, 2026. The Compensation and Human Resources Committee approved Mr. Precourt’s compensation package and certain continuing benefits.

Key Details

• Ms. Karen A. Swager will resign as EVP – Operations effective December 1, 2026 and continue as Senior Advisor until retirement in Q2 2027; she will continue to receive her current cash compensation and be eligible for management-level benefits during that period.
• Mr. Walter F. Precourt, III (age 62) will become EVP – Operations effective upon his first day in that role (Dec 1, 2026); he joined Mosaic in 2009 and has held senior operations and administrative roles, including Senior VP & Chief Administrative Officer.
• Approved compensation for Mr. Precourt: base salary $710,000; 2027 target bonus equal to 85% of his 2027 base salary under the Management Incentive Plan; long‑term incentive award valued at $1,725,000 (40% in restricted stock units, 60% in TSR performance units).
• Additional one‑time promotional RSU award valued at $300,000 with vesting of 33%/33%/34% on the first, second and third anniversaries; continuation of the standard executive severance and change‑in‑control agreement previously used for other executives.

Why It Matters This is an operational leadership succession with compensation terms that tie a substantial portion of the new EVP’s pay to long‑term and performance‑based equity, signaling continuity and alignment with shareholder returns. Investors should note the effective date (Dec 1, 2026), the preservation of institutional knowledge via Ms. Swager’s Senior Advisor role through Q2 2027, and the material figures in Precourt’s pay package (base salary, bonus target, LTIP value) as they relate to executive incentives and corporate governance. There are no earnings or transaction items reported in this filing; the filing primarily addresses leadership changes and associated executive compensation.