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    Bruce M. Bodine

    CEO and President at Mosaic Co
    Since January 1, 2024
    Age
    53 years
    Tenure
    Joined MOS in 2004 and advanced through various roles including plant and mine development, operations management, and executive leadership, ultimately serving as President from August 2023 and as CEO starting January 1, 2024.

    Also at Mosaic Co

    CCF
    Clint C. Freeland
    Executive Vice President and CFO
    KAS
    Karen A. Swager
    Executive Vice President – Operations
    LSP
    Luciano Siani Pires
    Executive Vice President and CFO

    About

    Bruce M. Bodine has dedicated over two decades to the growth and success of MOS, starting his journey at the company in 2004. His career evolved through numerous operational and leadership roles that underscored his expertise in the mining and fertilizer sectors, where he developed a deep understanding of both plant management and mine development.

    Throughout his career, he has played a critical role in driving operational excellence and integrating complex business functions. His extensive experience is highlighted by his leadership in North America operations and corporate procurement, which helped shape the strategic direction of the company.

    Beyond his core responsibilities at MOS, he has also contributed his expertise to external ventures, serving as a director on the board of a key joint venture, thereby broadening his impact in the industry. His professional journey reflects a blend of operational proficiency and strategic oversight that continues to influence the company’s global initiatives.

    $MOS Performance Under Bruce M. Bodine

    Past Roles

    OrganizationRoleDate RangeDetails
    The Mosaic Company (MOS)Senior Vice President - North America April 2020 - August 2023 N/A
    The Mosaic Company (MOS)Senior Vice President - Phosphates January 2019 - April 2020 Provided executive oversight for corporate procurement
    The Mosaic Company (MOS)Senior Vice President - Potash June 2016 - December 2018 N/A
    The Mosaic Company (MOS)Vice President - Potash April 2016 - May 2016 N/A
    The Mosaic Company (MOS)Vice President - Supply Chain August 2015 - March 2016 N/A
    The Mosaic Company (MOS)Vice President - Operations Business Development October 2014 - August 2015 N/A
    The Mosaic Company (MOS)Vice President - Operations for Esterhazy and Colonsay Potash Production Facilities July 2013 - October 2014 N/A
    The Mosaic Company (MOS)General Manager, Esterhazy September 2012 - June 2013 N/A
    The Mosaic Company (MOS)General Manager, Four Corners March 2010 - August 2012 N/A
    The Mosaic Company (MOS)Various Plant and Mine Development Management Positions (Phosphates Segment) Starting 2004 N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$636,250 2023 AnnualDollar amount paid in 2023
    Registrant Contributions to Non-Qualified Deferred Compensation Plan$153,117 2023 AnnualCompany's restoration contributions exceeding tax-qualified plan limitations
    All Other Compensation$275,425 2023 AnnualIncludes defined contribution plans ($194,742), life/disability premiums ($9,882), tax reimbursements ($12,343), expatriate expenses ($9,120), dividend equivalents ($29,340), and security expenses ($17,524)

    Performance Compensation

    Data from  FY 2023

    Short-Term Incentive Plan

    Metric [Unit]ThresholdTargetMaximumPayout %Notes
    Incentive Adjusted Operating Earnings [million $]$3,000 $4,000 $5,000 25% / 50% -
    Incentive Free Cash Flow [million $]$1,665 $2,665 $3,665 20% / 40% -
    Cost Control [payout %]N/A10% 20% --
    Performance Product Sales [tonnes]4.12 4.33 4.78 10% / 20% -
    ESG Scorecard [payout %]N/A15% 30% --
    Strategic Goals [payout %]N/A20% (Achieved) 40% (Exceptional) --
    • Overall Weighting & Results: Corporate Group Goals weighting is 26.7% and Strategic Goal weighting is 130%, resulting in a total payout percentage of 47.4% with an actual payout of $226,000.
    • Grant Date: March 9, 2023.
    • Additional Future Incentive Details:
      • Non-equity incentive awards with threshold $12,900, target $483,750, and maximum $967,500.
      • RSUs granted at 13,704 shares with a grant date fair value of $720,008.
      • TSR Performance Units with a target of 10,940 units (split equally between stock-settled and cash-settled), where the stock-settled portion requires an additional one-year holding period.
    • Vesting Schedule: All awards vest after a three-year performance period, with TSR units subject to an extra one-year holding period for the stock component.

    Long-Term Incentive Program

    ComponentDetails
    MetricTSR Performance Units based on Absolute TSR (includes dividends)
    Performance ConditionsMust achieve cumulative positive adjusted net earnings over a three-year period; if TSR declines more than 40%, no payout is earned; Threshold: -40% TSR yields 50% payout; Target: +10% TSR yields 100% payout; Maximum: +100% TSR yields 200% payout
    Maximum Value CapCapped at 400% of the Starting Value as defined in the award agreement
    Vesting ScheduleVesting occurs after three years; stock-settled TSR units have an additional one-year holding period
    Grant Date & Fair ValueGrant Date: March 9, 2023; RSUs: $720,008; TSR Units: Stock-settled at $539,998 and Cash-settled at $609,905
    Units GrantedRSUs: 13,704 units; TSR Units: 5,470 units (target) for each settlement type

    Outstanding Equity Awards & Vested Performance Units

    ComponentDetails
    MetricTSR Performance Units with performance thresholds identical to other incentive plans: Threshold of -40% for a 50% payout, Target of +10% for a 100% payout, and Maximum of +100% for a 200% payout
    ConditionsRequires cumulative positive adjusted net earnings over the three-year performance period; if conditions are not met or TSR declines beyond 40%, units are not earned
    Grant Date & Fair ValueGrant Date: March 9, 2023; RSUs: $720,008; TSR Units (Stock-Settled): $539,998; TSR Units (Cash-Settled): $609,905
    Units GrantedRSUs: 13,704 units; TSR Units: 5,470 units (target) per settlement type, with potential increase up to 10,940 units
    Vesting ScheduleRSUs vest on the third anniversary (March 9, 2026), with pro-rata vesting available if employment terminates after 12 months; TSR units vest after the three-year performance period with an added one-year holding for stock-settled awards