Mosaic EVP-Operations Karen Swager to retire; Walter Precourt appointed to succeed her effective Dec 1, 2026

MOSAIC CO

Karen A. Swager will resign as EVP-Operations on Dec 1, 2026, then serve as Senior Advisor until her retirement in Q2 2027, per the Sept 23, 2026 8-K.
Walter F. Precourt, III, currently SVP and Chief Administrative Officer, will become EVP-Operations on Dec 1, 2026; he joined Mosaic in 2009.
Precourt's compensation: $710,000 base salary, 85% target MIP bonus for 2027, and a $1,725,000 long-term incentive award (40% RSUs, 60% TSR units).
CHR Committee also approved a one-time $300,000 RSU promotional award vesting 33%/33%/34% over three years and continuation of his severance/change-in-control agreement.

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