Form 4: Bunge Global SA Executive Julio Garros Reports Stock Transactions

Co-President of Agribusiness at Bunge Global SA, Julio Garros, reports acquisition and disposal of common stock and an award of Restricted Stock Units (RSUs).

Summary

• Julio Garros, Co-President of Agribusiness at Bunge Global SA, reported transactions involving the company's common stock.
• On March 15, 2024, Garros received 6,654 common shares in settlement of performance-based restricted stock units (PBRSUs) granted under the Bunge 2016 Equity Incentive Plan, inclusive of a dividend reinvestment feature.
• Also on March 15, 2024, Garros received an award of 10,526 Restricted Stock Units (RSUs), each convertible into one share of Bunge Global SA common stock.
• These RSUs are expected to vest in full on March 15, 2027.
• Following these transactions, Garros beneficially owns 90,203.321 shares of Bunge Global SA common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions reflect standard executive compensation practices and alignment with company performance. There are no indications of negative events or concerns.

Positives

• The receipt of shares from vested PBRSUs and the grant of RSUs indicate continued alignment of executive compensation with company performance and long-term value creation.

Future Outlook

The RSUs are expected to vest on March 15, 2027, contingent on continued employment and other vesting conditions as defined in the grant agreement.

Industry Context

Executive stock ownership and equity-based compensation are common practices in publicly traded companies like Bunge Global SA to align management's interests with those of shareholders.

Comparison to Industry Standards

• Companies such as Archer Daniels Midland (ADM) and Cargill, which are major competitors of Bunge Global SA, also utilize equity-based compensation plans for their executives.
• The vesting schedules and types of equity awards (RSUs, PBRSUs) are generally in line with industry standards for executive compensation.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning executive interests with company performance.

Key Dates