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Get filing alertsMosaic names Walter Precourt III EVP-Operations as Karen Swager retires
Filed September 25, 2026 · Period ending September 23, 2026 · ~1 min read
Key Changes
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Karen Swager will resign as EVP-Operations effective Dec 1, 2026, and remain as Senior Advisor until retiring in Q2 2027.
Item 5.02 verify on EDGAR → -
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Walter Precourt III, a 17-year Mosaic veteran, is appointed EVP-Operations effective Dec 1, 2026.
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Precourt's compensation: $710,000 base salary, 85% target bonus for 2027, and $1,725,000 long-term incentive award.
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Precourt also receives a one-time $300,000 RSU award vesting 33%, 33%, 34% over three years.
Item 5.02 verify on EDGAR →
Summary
Mosaic announced a planned leadership transition in its operations function. Karen Swager, the current Executive Vice President - Operations, will step down from that role on December 1, 2026, and continue as a Senior Advisor until her retirement in the second quarter of 2027. Walter Precourt III, a 17-year company veteran currently serving as Senior Vice President and Chief Administrative Officer, will succeed her as EVP-Operations effective the same date.
The filing details Precourt's compensation package, including a $710,000 base salary, a 2027 target bonus of 85% of base salary, and a long-term incentive award valued at $1,725,000 at grant. He also receives a one-time promotional RSU award of $300,000 vesting over three years. The transition appears orderly, with Swager remaining in an advisory capacity through her retirement.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Ms. Karen A. Swager informed The Mosaic Company ("Mosaic") of her intention to retire from Mosaic. In connection with her retirement, Ms. Swager will resign as the Executive Vice President - Operations effective December 1, 2026, and will continue as a Senior Advisor to Mosaic until her retirement in the second quarter of 2027.
Karen Swager, the current Executive Vice President - Operations, will step down from that role on December 1, 2026, and remain as a Senior Advisor until her retirement in Q2 2027. She keeps her current cash compensation and benefit eligibility during the transition.
Added in current filing · verify on EDGAR →
Mosaic announced that effective December 1, 2026, its Board of Directors ("Board") appointed Mr. Walter F. Precourt, III to the position of Executive Vice President - Operations.
Walter Precourt III, a 17-year Mosaic veteran currently serving as Senior Vice President and Chief Administrative Officer, will take over as Executive Vice President - Operations on December 1, 2026. The appointment fills the role being vacated by Swager.
Added in current filing · verify on EDGAR →
the Compensation and Human Resources Committee ("CHR Committee") of the Board approved (i) a base salary of $710,000; (ii) a target bonus under Mosaic’s Management Incentive Plan ("MIP") for 2027 equal to 85% of his base salary earned in 2027; and (iii) a long-term incentive award under Mosaic's 2023 Stock and Incentive Plan valued at $1,725,000 on the date of grant
Precourt's compensation includes a $710,000 base salary, a 2027 target bonus of 85% of base salary, and a long-term incentive award valued at $1,725,000 at grant. The LTI award is split 40% restricted stock units and 60% total shareholder return performance units.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
I am pleased to offer you the role of Executive Vice President, Operations with Mosaic, effective December 1, 2026.
Walt Precourt is appointed Executive Vice President, Operations, effective December 1, 2026. The offer letter is signed by CEO Bruce M. Bodine and accepted by Precourt on September 15, 2026.
Added in current filing · view on EDGAR →
Your base compensation will be paid at an annual rate of USD 710,000.
Precourt's annual base salary is set at $710,000. Future increases depend on performance against agreed goals and Mosaic's merit pay policies.
Added in current filing · view on EDGAR →
You are eligible to participate in Mosaic’s Management Incentive Plan (MIP) at a target bonus opportunity of 85%, starting for plan year 2027.
Precourt's annual cash bonus target is 85% of base salary under the Management Incentive Plan, beginning with plan year 2027. Payouts depend on company, business unit, and individual performance and require board approval.
Added in current filing · view on EDGAR →
In March 2027, you will be eligible to participate in Mosaic’s long-term incentive program, with a target of your new position set at USD 1,725,000.
Precourt's annual long-term incentive target is $1,725,000, with first eligibility in March 2027. Equity awards are subject to board approval and the terms of Mosaic's stock plan.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 28, 2026 · How we verify