Bunge Global management check
BG · Consumer Staples · Agricultural Products & Services · CEO Gregory A Heckman
Filings as of
4 good · 2 to watch · 1 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $155, against $101 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.31 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
2.3% of net income$18.9m of reported pay in fiscal 2025, against $816.0m of net income.
- Good
Do they own the stock?
Insiders are buyingThe CEO holds 276,765 shares, directly or through trusts (unvested awards not counted): about 1.7 years of pay. 1 insider bought $689k on the open market in the last six months, with their own money, near the lows.
- Flag
Are owners being diluted?
Share count growingDiluted shares changed +5.1% a year over the last three fiscal years. Stock-based pay was 0.4% of revenue in the latest year.
- Good
Is leadership stable?
6 leadership filings in 3 years6 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2023.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Staples.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 31 | |
| Pay for performance | 65 | 84 | |
| CEO cost | 20 | 40 | |
| Skin in the game | 67 | 65 | |
| Dilution | 0 | 60 | |
| Stable leadership | 95 | 70 | |
| Clean books | 100 | 100 |
Closest peers
Others in Agricultural Products & Services, by management score. Bunge Global is 16th of 33 in its sector.
- 239CHDChurch & Dwight65
- 255BGBunge Global64
- 259DGDollar General64
- 275KRKroger63
- 291TGTTarget Corporation62
- 451ADMArcher Daniels Midland46
Pay versus performance
From the proxy statement filed April 10, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | — | $18.9m | $24.5m | $7.7m | $155 | $101 | $816.0m |
| 2024 | — | $16.8m | $1.9m | $4.6m | $131 | $108 | $1.1bn |
| 2023 | — | $17.6m | $18.4m | $4.7m | $165 | $118 | $2.2bn |
| 2022 | — | $17.9m | $36.9m | $5.0m | $159 | $130 | $1.6bn |
| 2021 | — | $16.1m | $53.4m | $6.5m | $146 | $115 | $2.1bn |
The board says pay is tied most to Adjusted Earnings Per Share. Its other key measures: Adj EPS(1), Adj PBT(I)(2), AROIC(3), Relative TSR.
Insiders and the CEO's stake
Gregory A Heckman (Chief Executive Officer) held 276,765 shares directly after their latest Form 4 on Sep 1, 2026, roughly $33.0m at that filing's price.
1 insider bought $689k on the open market in the last six months, with their own money, near the lows.
- BoughtChristopher MahoneyDirector$689kAug 4, 2026
Leadership and governance on file
- Oct 5, 2026Leadership change8-K 5.02
- Sep 3, 2026Leadership change8-K 5.02
- Apr 1, 2026Leadership change8-K 5.02
- Dec 12, 2025Leadership change8-K 5.02
- Jul 2, 2025Leadership change8-K 5.02
- May 16, 2024Leadership change8-K 5.02
Latest shareholder vote results: May 22, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $4.4bn returned to owners in buybacks and dividends, 56% of net income, and $333.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $16.8bn | $21.1bn | $17.8bn | $15.6bn | $16.9bn |
| Net income | $2.1bn | $1.6bn | $2.2bn | $1.1bn | $816.0m |
| Stock-based pay | $61.0m | $65.0m | $69.0m | $65.0m | $73.0m |
| Buybacks | $100.0m | $200.0m | $600.0m | $1.1bn | $551.0m |
| Dividends | $289.0m | $349.0m | $383.0m | $378.0m | $459.0m |
| Diluted shares | 152m | 153m | 151m | 142m | 166m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.