Simmons Jerry Matthews JR 4
Research Summary
AI-generated summary
Bunge Controller Jerry Simmons Receives Stock Awards; 1,665 Shares Withheld
What Happened
- Jerry Matthews Simmons Jr., Controller and Principal Accounting Officer of Bunge Global SA (BG), received equity awards and had shares withheld to satisfy tax obligations on March 15, 2026.
- Transactions: 1,950 common shares were received in settlement of performance-based restricted stock units (PBRSUs), and 2,387 restricted stock units (RSUs) were granted (convertible 1:1 to shares, vesting expected March 15, 2029). To cover tax withholding related to the PBRSU settlement, 1,665 shares were withheld/disposed at $125.63 per share, totaling $209,174. Net immediate shares received from the PBRSU settlement = 285 shares (1,950 − 1,665).
Key Details
- Transaction date(s): March 15, 2026; Form 4 filed March 17, 2026 (timely filing).
- Prices/values: Awards recorded at $0 (grant/settlement); withholding disposition at $125.63 per share for a total of $209,174.
- Shares involved: 1,950 PBRSU shares settled, 1,665 shares withheld for taxes (code F), and 2,387 RSUs granted (vest March 15, 2029).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 = PBRSU settlement (includes dividend reinvestment); F2 = withholding to pay tax liability; F3 = RSU award vesting in 2029.
- Transaction codes: A = award/acquisition, F = withholding/disposition for tax payment.
Context
- The withholding of 1,665 shares was a tax-withholding event (routine company retention of shares) rather than an open-market sale; the insider did not necessarily choose to sell shares for liquidity or market timing.
- The 2,387 RSUs are a forward-looking award and are not immediately convertible to marketable shares until they vest (expected March 15, 2029).
- For retail investors, awards and routine tax withholdings typically reflect compensation mechanics and are not direct signals of buying/selling intent.