How Bunge Pays
Bunge's observed Org Level 9 to Level 6 postings extended into a B1 to B9 analytical ladder across 30 markets, a discretionary 2024 Long-Term Incentive Plan of 60 percent performance and 40 percent time RSUs with no broad ESPP, an $18.95M CEO package at 252:1, and 45 certified US H-1B wage records.
Band Hierarchy
Bunge publishes no worldwide grade structure. Its own job postings expose a descending Org Level numbering that reaches Levels 9, 8, 7 and 6 and stops there, so bands B1 to B4 carry real observed labels while B5 to B9 are analytical extensions built for comparison. The chief executive row is carried in the executive section rather than in the ladder.
Observed ladder — Org Level 9 through Org Level 6
Analytical ladder — Org Level 5 through Org Level 2
Executive Management Team — Analytical Org Level 1
Disclosed executive layer
Track divergence
Hierarchy qualifications and legacy structures
- Official Bunge postings reveal Org Levels 9, 8, 7 and 6 and no more. Anything above Level 6 in this report is an analytical construction, and Bunge has never published a Level 5 to chief executive ladder.
- Local job titles are not reliable indicators of global level. An India posting titled Associate Manager RTR mapped to a global Senior Analyst at Org Level 9, so title-only comparisons will misclassify seniority in both directions.
- The 2025 Viterra combination brought large legacy workforces in Canada and Australia with their own titles and operational grades. Bunge has published no harmonised crosswalk, so a Viterra manager, a Bunge Org Level 7 and an India Deputy General Manager should not be assumed equivalent.
- Career families include plant and terminal operations, origination, trading, risk, corporate functions, food and ingredients, engineering, technology and shared services. These carry different market premiums inside one nominal level, and a trader and a plant supervisor at the same band will not price the same.
- The chief executive row is deliberately absent from the ladder. It is a single worldwide number that would drag every offshore market's factor towards parity if it were interpolated, so it is carried in the executive section instead.
- The Executive Management Team row is excluded from the range chart because proxy-derived executive values compress the scale for every employee band below them.
Peer-level mapping
| Band | Archetype | Peer mapping | Caveat |
|---|---|---|---|
| B1 | Entry / Analyst I / Process Executive | Entry, P1 or Grade 1 to 2 at a diversified industrial or agribusiness peer | Local titles overstate level: an India posting titled Associate Manager RTR mapped to this global scope.Official Bunge Org Level 9 postings plus Glassdoor, PayScale and Comparably United States observations. |
| B2 | Senior Analyst / Specialist III / Senior Executive | P2, Senior Analyst or Grade 3 at a diversified industrial or agribusiness peer | Org Level 8 is observed on official operations and process postings but carries no published salary range.Official Bunge Org Level 8 postings cross-checked against United States salary observations. |
| B3 | Senior Professional / Principal Consultant / Manager I | P3, M1 or Grade 4 to 5 at a diversified industrial or agribusiness peer | Org Level 7 appears on official safety and technology postings; the management and technical variants pay alike.Official Bunge Org Level 7 postings; equity shown is the midpoint of a modeled $0 to $5,000 selective grant. |
| B4 | Lead Professional / Manager II / Senior Manager | P4, M2 or Grade 6 at a diversified industrial or agribusiness peer | Org Level 6 is observed on an official Senior Manager Customer Service posting and is the highest level Bunge exposes publicly.Official Bunge Org Level 6 postings and the Oakville Reliability Manager range of C$117,012 to C$146,265. |
| B5 | Associate Director / DGM / Manager III | P5, M3 or Grade 7 at a diversified industrial or agribusiness peer | No public Bunge grade map exists above Org Level 6; DGM titles are observed in India and used as an orientation anchor.Modeled from United States director and senior-manager observations; equity is the midpoint of a $5,000 to $40,000 selective envelope. |
| B6 | Director / Area Leader | Director or Grade 8 at a diversified industrial or agribusiness peer | Anchored to observed United States director pay and official senior-manager postings rather than a published Bunge grade.Modeled from United States director observations; equity is the midpoint of a $25,000 to $100,000 selective envelope. |
| B7 | Senior Director / Function Leader | Senior Director or Grade 9 at a diversified industrial or agribusiness peer | Public title and salary observations support the envelope, not an official grade or a Bunge-published range.Modeled envelope; equity is the midpoint of a $75,000 to $250,000 selective annual value where eligible. |
| B8 | Vice President / Regional Leader | Vice President or Grade 10 at a diversified industrial or agribusiness peer | United States vice-president observations anchor the cash; equity eligibility below the named executives is selective and undisclosed.Modeled envelope; equity is the midpoint of a $250,000 to $1,000,000 annual value where the committee selects the role. |
| B9 | SVP / EVP / Executive Management Team | C-suite and Section 16 officer at a diversified industrial or agribusiness peer | Only the named executives are disclosed. The band widens the disclosed proxy figures to cover non-named Executive Management Team roles.2026 proxy statement: named executive salaries of $437,430 to $886,200 and target long-term incentive values of $1.75 million to $3.5 million. |
Critical evidence warning
Bunge does not publish a complete worldwide grade structure, a salary grid, an appraisal scale, a universal merit cycle, a broad equity eligibility threshold, an attrition rate or a country-by-country benefits handbook. Everything below the named executive officers on this page is either a third-party observation, an official job posting or a calibrated model around one, and none of it should be quoted back as a Bunge salary band or offer.
Compensation by Band — St. Louis / Chesterfield
Low / median / high annual values at 1.00× base and 1.00× total-compensation factors versus St. Louis. Total equals base plus bonus plus annualized equity.
| Band | Title | Base | Variable | Total TC | Equity |
|---|---|---|---|---|---|
| B1 | Entry / Analyst I / Process Executive 0–2 years · reported | $52K – $70K | 5% | $64K $54K – $74K | — |
| B2 | Senior Analyst / Specialist III / Senior Executive 2–5 years · reported | $75K – $101K | 8% | $95K $81K – $109K | — |
| B3 | Senior Professional / Principal Consultant / Manager I 5–9 years · reported | $99K – $133K | 12% | $132K $113K – $152K | $3K |
| B4 | Lead Professional / Manager II / Senior Manager 8–13 years · reported | $123K – $167K | 18% | $179K $152K – $205K | $8K |
| B5 | Associate Director / DGM / Manager III 10–16 years · modeled | $155K – $209K | 22% | $245K $208K – $281K | $23K |
| B6 | Director / Area Leader 12–18 years · modeled | $196K – $265K | 30% | $362K $307K – $416K | $63K |
| B7 | Senior Director / Function Leader 15–22 years · modeled | $242K – $328K | 42% | $567K $482K – $652K | $163K |
| B8 | Vice President / Regional Leader 18–25 years · modeled | $285K – $385K | 60% | $1.16M $987K – $1.34M | $625K |
| B9 | SVP / EVP / Executive Management Team 20+ years · modeled | $701K – $949K | 115% | $4.40M $3.74M – $5.06M | $2.63M |
Total Compensation Range by Band
Total compensation in St. Louis / Chesterfield across the employee bands. Proxy-disclosed executive cohorts are excluded so the employee bands stay readable.
Global Footprint & Pay Arbitrage
Bunge operates in more than 50 countries with a workforce that current official materials size at both approximately 34,000 and approximately 37,000 after the Viterra combination. St. Louis and Chesterfield is the pay anchor, and every other market is calibrated against that median with a seniority convergence that narrows offshore gaps sharply towards the top of the ladder.
Office and market catalogue — calibration factors versus St. Louis
| Location | Likely office profile | Presence | Base | TC |
|---|---|---|---|---|
St. Louis / Chesterfield United States · USD | Global corporate headquarters: executive, commercial, risk and technology | Official contact and careers pages | 1.00× | 1.00× |
Decatur United States · USD | Oilseed processing and engineering site with a heavy plant role mix | Official careers postings | 0.93× | 0.93× |
Destrehan United States · USD | Gulf export terminal and processing complex | Regional operating footprint | 0.95× | 0.95× |
Chicago United States · USD | Trading, clearing and commercial benchmark market | Official senior clearing-operations posting | 1.08× | 1.08× |
Regina Canada · CAD | Viterra integration centre and Canadian grain network hub | Post-merger major operating hub | 0.80× | 0.80× |
Oakville / Hamilton Canada · CAD | Ontario industrial and corporate site | Official Reliability Manager posting at C$117,012 to C$146,265 | 0.89× | 0.89× |
Geneva Switzerland · CHF | Registered office and international trading headquarters | Registered office of Bunge Global SA | 1.04× | 1.04× |
Rotterdam Netherlands · EUR | Trading, logistics and operations hub for Europe | Official postings disclosing bonus, pension and 27 days leave | 0.82× | 0.82× |
Hamburg Germany · EUR | Commercial, logistics and operations centre | German market benchmark | 0.84× | 0.84× |
Barcelona Spain · EUR | Commercial base for food and ingredients | Regional commercial site | 0.66× | 0.66× |
Ravenna Italy · EUR | Industrial processing site on the Adriatic | Postings at €39,950 trainee and €50,000 to €60,000 production manager | 0.63× | 0.63× |
London United Kingdom · GBP | Trading, commercial and finance market | Premium market; Bunge publishes no local range | 0.92× | 0.92× |
Budapest Hungary · HUF | Shared services and regional support centre | Regional support footprint | 0.42× | 0.42× |
Warsaw Poland · PLN | Regional support and commercial office | Official posting confirming base plus bonus and benefits | 0.41× | 0.41× |
Kropyvnytskyi / Mykolaiv Ukraine · UAH | Origination, silos, ports and industrial operations | Major operating footprint | 0.20× | 0.20× |
São Paulo Brazil · BRL | Brazil corporate and commercial hub | Public salary samples span plant roles through coordinators | 0.18× | 0.18× |
Santos Brazil · BRL | Port and export logistics with a coastal market premium | Major port operating site | 0.16× | 0.16× |
Buenos Aires Argentina · ARS | Argentine corporate and commercial centre | Major country office | 0.15× | 0.15× |
Rosario Argentina · ARS | Origination, trading and processing in the Santa Fe crush belt | Major agricultural hub | 0.13× | 0.13× |
Mexico City Mexico · MXN | Corporate and commercial centre for Mexico | Major country office | 0.29× | 0.29× |
Asunción Paraguay · PYG | Origination and commercial base | Major country office; FX rate is indicative | 0.19× | 0.19× |
Montevideo Uruguay · UYU | Corporate, commercial and logistics centre | Major country office; FX rate is indicative | 0.30× | 0.30× |
Melbourne Australia · AUD | Corporate, commercial and post-merger integration hub | Public salary observations for HR, IT, trainee and grain roles | 0.84× | 0.84× |
Adelaide Australia · AUD | Viterra grain network hub and largest post-merger operating centre | Legacy Viterra headquarters city | 0.76× | 0.76× |
Perth Australia · AUD | Western Australia grain operations and corporate site | Post-Viterra operational footprint | 0.82× | 0.82× |
Singapore Singapore · SGD | Asia headquarters and trading centre | Official regional headquarters | 0.84× | 0.84× |
Shanghai China · CNY | China commercial and corporate hub | Major country office | 0.33× | 0.33× |
Tokyo Japan · JPY | Commercial and trading office in a premium pay market | Significant country office | 0.94× | 0.94× |
Mumbai India · INR | India headquarters for corporate and commercial roles | India leadership site with a corporate market premium | 0.12× | 0.12× |
Mohali India · INR | Shared services and process operations centre | Best public India salary sample, Process Executive to Project Manager | 0.10× | 0.10× |
Bunge publishes no city-level employee counts, so this catalogue does not rank offices by headcount. The most defensible major hubs are Chesterfield and St. Louis, Geneva, São Paulo, Mumbai and Mohali, Rotterdam and Zaandam, Singapore and, after the Viterra combination, Adelaide and Regina with their associated grain networks.
St. Louis anchor medians — the basis of every modeled cell
| Band | Base | Stock | Bonus | Total |
|---|---|---|---|---|
| B1 | $61K | $0 | $3K | $64K |
| B2 | $88K | $0 | $7K | $95K |
| B3 | $116K | $3K | $14K | $132K |
| B4 | $145K | $8K | $26K | $179K |
- The St. Louis and Chesterfield column is the anchor. B1 to B4 medians come from official Bunge postings carrying Org Levels 9 to 6, cross-checked against Glassdoor, PayScale and Comparably records; B5 to B9 are modeled from United States director, vice-president and proxy observations.
- Mohali carries the best public India sample in the bundle, spanning Process Executive through Project Manager, and it is the reference point for the Indian calibration rather than Bangalore, which the source treats as a comparator with no confirmed major Bunge site.
- Melbourne, Adelaide, Perth and Geelong rest on Australian salary observations for human resources, information technology, trainee, terminal operator and grain roles, several of them from legacy Viterra listings.
- Rotterdam, Ravenna, Warsaw and Oakville each have at least one official posting that discloses pay or benefit terms, which is why they sit above pure model status; Ravenna postings ran €39,950 for a trainee and €50,000 to €60,000 for a production manager.
- Chicago is included as a trading and clearing benchmark on the strength of an official senior clearing-operations salary posting rather than as a headcount hub.
Model rules
- Every modeled cell is the St. Louis median multiplied by the city base or total factor and then by the 25 August 2026 foreign-exchange snapshot.
- Total compensation here is base plus target annual incentive plus annualized equity. The source bundle also added an 8 to 30 percent employer benefit load to its own totals; that load is employer cost rather than pay and has been stripped so the components reconcile to the total.
- Geographic compression is level-dependent, so each non-anchor market carries a junior factor and a senior factor and every band in between is interpolated. Mohali base runs at 0.10 times the anchor at B1 and 0.79 times at the Executive Management Team tier; São Paulo runs 0.18 to 0.96.
- Total compensation converges faster than base because senior equity is denominated in United States dollars and granted globally, while junior cash tracks the local labour market.
- Argentine peso, Hungarian forint, Paraguayan guarani, Uruguayan peso, Vietnamese dong, Indonesian rupiah, Colombian peso and United Arab Emirates dirham conversions use indicative working rates rather than same-day IMF representative rates and should be refreshed before decision use.
- Port and terminal sites such as Santos, Paranaguá and Puerto General San Martín can carry shift, hazard and collective-bargaining premiums that the model does not quantify.
Variable Pay & Annual Cash Incentive
Bunge discloses its executive Annual Incentive Plan in detail and discloses nothing about employee bonus targets. The named executive targets, payout percentages and plan caps below are company disclosures; the band targets are modeled and should never be quoted as a Bunge plan.
| Band | Target | Mechanism | Recent payout |
|---|---|---|---|
B1 Entry / Analyst I / Process Executive | 5% of base | Annual cash incentive on a company, business and individual mix; no published formula below the executive tier. | Not publicly disclosed |
B2 Senior Analyst / Specialist III | 8% of base | Annual cash incentive on a company, business and individual mix; no published formula below the executive tier. | Not publicly disclosed |
B3 Senior Professional / Manager I | 12% of base | Annual cash incentive on a company, business and individual mix; no published formula below the executive tier. | Not publicly disclosed |
B4 Lead Professional / Senior Manager | 18% of base | Annual cash incentive on a company, business and individual mix; Netherlands and Canada postings confirm a bonus exists without naming a target. | Not publicly disclosed |
B5 Associate Director / DGM | 22% of base | Annual cash incentive with a larger business-result weighting than the bands below. | Not publicly disclosed |
B6 Director / Area Leader | 30% of base | Annual cash incentive with a larger business-result weighting than the bands below. | Not publicly disclosed |
B7 Senior Director / Function Leader | 42% of base | Annual cash incentive weighted towards enterprise and regional financial results. | Not publicly disclosed |
B8 Vice President / Regional Leader | 60% of base | Annual cash incentive weighted towards enterprise and regional financial results. | Not publicly disclosed |
B9 SVP / EVP / Executive Management Team | 115% of base | Annual Incentive Plan on financial and individual scorecards, certified after year-end and paid the following March. | 2025 named executive outcomes ranged from 100% to 163% of target |
CEO Chief Executive Officer | 180% of base | Annual Incentive Plan on financial and individual scorecards, with an overall range of 0 to 240 percent of target. | 163% of target for 2025, after 170% for 2024 |
Executive incentive targets — percent of salary
Named-executive outcomes
| Executive | Target | Paid | Attainment |
|---|---|---|---|
| Gregory Heckman | $2,523,092 | $4,112,640 | 163% of target |
| John Neppl | $1,001,307 | $1,532,000 | 153% of target |
| Julio Garros | $1,153,376 | $1,880,003 | 163% of target |
| David Mattiske | $1,337,922 | $1,337,922 | 100% of target |
| Joseph Podwika | $468,071 | $645,938 | 138% of target |
Employee payout timing and history
Bunge publishes no bonus target grid by level, no employee payout history and no companywide formula. The March 2026 executive payment date does not establish a universal employee bonus calendar, and no evidence of a monthly or quarterly employee variable-pay schedule was found. Bunge has also never described how legacy Viterra bonus plans were converted or harmonised, so any assumption that Canada and Australia moved straight onto the historical Bunge scorecard is unsupported.
Sales and special incentives
Bunge is an agribusiness rather than a quota-carrying software seller, and it discloses no commission rates, accelerators or draw arrangements. Origination and merchandising roles that do carry commercial targets are modeled at the same band targets as their level peers, which will understate on-target earnings for traders and originators whose pay is tied to book performance.
Equity — RSUs, PSUs, Options & ESPP
Bunge is a Swiss-domiciled, NYSE-listed issuer, so employee equity means restricted stock units and performance units granted at committee discretion rather than a broad employee stock ownership plan. There is no discounted all-employee purchase plan, and the Indian ESOP trust, BSE and NSE allotment and SEBI frameworks do not apply to Bunge Global SA.
- The 2024 plan authorises a maximum of 5.0 million shares, but no grant and forfeiture roll-forward sufficient to calculate current utilisation was extractable from the public filings, so the utilisation rate is explicitly unresolved rather than estimated.
- No broad all-employee employee stock purchase plan, discounted share scheme or universal grant was found in any reviewed source. Equity is a committee selection, and the plan text says so directly.
- United States retirement-plan Bunge share funds are participant-directed investments. Counting them as employee equity would double-count a retirement benefit as a pay component.
- Because eligibility below the named executives is undisclosed, every equity figure in bands B3 to B8 is a modeled envelope of what a selected employee might receive, not an entitlement that comes with the level.
Equity plan capacity and 2025 grant activity
Vesting — common reported employee schedule
This is a three-year cliff, not the four-year monthly or quarterly schedule common in technology. Time-based units granted on 15 March 2025 generally vest in a single instalment on 15 March 2028, and performance units generally vest on the third anniversary once performance is certified. Leaving before the cliff forfeits the whole award rather than a remaining fraction of it.
Eligibility by hierarchy level
- Bands B1 and B2 have no standard annual grant evidenced at all. Any equity at these levels would be ad hoc recognition that the business chose to give and that Bunge does not publish.
- Bands B3 and B4 are selective and exceptional only, modeled at $0 to $5,000 and $0 to $15,000 of annual value, conditioned on critical skill, retention, promotion or special recognition.
- Bands B5 and B6 are selective leadership and key-employee grants modeled at $5,000 to $40,000 and $25,000 to $100,000, annual or ad hoc depending on the role.
- Bands B7 and B8 are likely for designated senior leaders, modeled at $75,000 to $250,000 and $250,000 to $1,000,000, typically annual where eligible but never universally disclosed.
- Only the Executive Management Team tier carries a disclosed annual programme, generally granted in the first quarter and subject to recoupment and share-ownership policies.
Indicative annual grant value by band — St. Louis / Chesterfield
| Band | Annual value (USD) | Median | Shares at $111.71 |
|---|---|---|---|
| B3 | $2K – $3K | $3K | ~17–28 |
| B4 | $6K – $9K | $8K | ~50–84 |
| B5 | $17K – $28K | $23K | ~151–252 |
| B6 | $47K – $78K | $63K | ~420–699 |
| B7 | $122K – $203K | $163K | ~1,091–1,818 |
| B8 | $469K – $781K | $625K | ~4,196–6,994 |
| B9 | $1.97M – $3.28M | $2.63M | ~17,624–29,373 |
Annualized planning value (±25%), not the face value of every new-hire grant. Share equivalents use the $111.71 reference price at 25 August 2026 close and ignore plan valuation rules and PSU performance. Highlighted rows are disclosed grant-date stock awards.
Named executive target equity
| Executive | Target | Units / structure |
|---|---|---|
Gregory Heckman Chief Executive Officer | $13.0M | 106,339 target performance units and 70,892 time-based units granted 15 March 2025 |
David Mattiske Co-Chief Operating Officer | $3.5M plus a sign-on award | 28,629 performance units and 19,086 time-based units, plus 37,383 sign-on time-based units granted on the 2 July 2025 closing |
Julio Garros Co-Chief Operating Officer | $3.5M | 28,629 target performance units and 19,086 time-based units granted 15 March 2025 |
John Neppl Chief Financial Officer | $3.25M | 26,584 target performance units and 17,723 time-based units granted 15 March 2025 |
Joseph Podwika Chief Legal Officer and Corporate Secretary | $1.75M | 14,314 target performance units and 9,543 time-based units granted 15 March 2025 |
Christos Dimopoulos Former Co-President, Agribusiness | $2.0M | 16,359 target performance units and 10,906 time-based units granted 15 March 2025 |
Executive Compensation
Six named executive officers appear in the 2026 proxy for the 2025 year, the first full disclosure to reflect the Viterra combination. Two of the six totals are distorted by one-time items: David Mattiske's by a Viterra retention award and Julio Garros's by international-assignment support and a tax gross-up.
Reading the package
Salary was 7.4 percent of the reported total, the annual incentive 21.7 percent, stock awards 67.4 percent and all other compensation 3.5 percent. The stock figure is a grant-date accounting value rather than money received: Heckman's shares that actually vested during 2025 were 83,998 units worth $8,326,377, roughly two thirds of the reported grant value. All other compensation includes financial-wellness benefits and personal aircraft use disclosed in the proxy.
Bunge sits below Tyson Foods and Archer-Daniels-Midland, above Ingredion and close to Corteva on reported 2025 total compensation. Single-year rankings in this set are volatile because grant-date equity valuations and one-time awards move the totals more than salary or bonus do, and the Corteva figure comes from a proxy summary rather than the full filing.
Named Executive Officers & Board
Leadership changed shape with the Viterra combination: the transaction created a co-chief-operating-officer structure, brought David Mattiske into the named executive group from 2 July 2025 and moved Christos Dimopoulos into an executive transition.
Read the two outlier totals carefully. David Mattiske's $16.69 million is dominated by $14.44 million of stock, which includes a 37,383-unit sign-on award tied to the Viterra combination on top of his $3.5 million annual target, so it is not a steady-state co-chief-operating-officer package. Julio Garros's $1.86 million of other compensation is international-assignment support covering housing, education, cost of living and a large tax gross-up, and it should not be generalised to ordinary expatriate terms. Christos Dimopoulos's row reflects a transition arrangement with no disclosed 2025 incentive target.
Board compensation framework
| Element | Amount | Notes |
|---|---|---|
| Annual cash retainer | $150,000 | Paid to each non-employee director. |
| Annual equity grant | $200,000 | Granted as restricted stock units that generally vest at the next annual general meeting. |
| Independent Chair supplemental retainer | $175,000 | Paid in addition to the standard annual cash retainer. |
| Audit Committee member | $10,000 | Annual committee service fee. |
| Audit Committee chair | $25,000 | Annual chair fee for the Audit Committee. |
| Other committee chair | $20,000 | Annual chair fee for any other standing committee. |
| Excess meeting fee | $1,000 | Per meeting beyond the standard schedule. |
| Share ownership guideline | 5x retainer, or $750,000 | Directors are expected to hold five times the annual cash retainer in Bunge shares. |
A full-year non-employee director package is roughly $350,000 before committee fees, split between a $150,000 cash retainer and a $200,000 restricted stock unit grant. This is a governance arrangement rather than an employment band and is excluded from the pay ladder.
Regional heads and other officers
Executive Management Team members who are not named executive officers get no compensation table at all. Their existence is visible only through Section 16 Forms 4, so the B9 band in this report is an envelope built around the disclosed named-executive figures rather than a reading of anyone's actual package.
Insider Trades — SEC Forms 3/4/5
Bunge insider activity runs through SEC Forms 4. The Indian promoter, BSE and NSE insider-trading and SEBI takeover frameworks do not apply to Bunge Global SA. Most of what looks like selling on 15 March 2026 is tax withholding on vesting units rather than a discretionary market sale.
| Date | Person | Transaction | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-03-15 | Gregory Heckman Chief Executive Officer | Settlement Restricted and performance stock units settled into shares on the annual vesting date. | 41,414 | — | $0 |
| 2026-03-15 | Gregory Heckman Chief Executive Officer | Withholding Shares withheld to cover tax on the settlement, not an open-market sale. | 38,856 | $125.63 | $4.88M |
| 2026-03-15 | Gregory Heckman Chief Executive Officer | Award New annual restricted stock unit grant, valued at the report-date share price of $111.71. | 41,391 | — | $4.62M |
| 2026-03-15 | Julio Garros Co-Chief Operating Officer | Settlement Restricted and performance stock units settled into shares on the annual vesting date. | 7,811 | — | $0 |
| 2026-03-15 | Julio Garros Co-Chief Operating Officer | Withholding Shares withheld to cover tax on the settlement, not an open-market sale. | 4,576 | $125.63 | $575K |
| 2026-03-15 | Julio Garros Co-Chief Operating Officer | Award New annual restricted stock unit grant, valued at the report-date share price of $111.71. | 11,143 | — | $1.24M |
| 2026-03-15 | Joseph Podwika Chief Legal Officer and Corporate Secretary | Settlement Restricted and performance stock units settled into shares on the annual vesting date. | 5,858 | — | $0 |
| 2026-03-15 | Joseph Podwika Chief Legal Officer and Corporate Secretary | Withholding Shares withheld to cover tax on the settlement, not an open-market sale. | 5,074 | $125.63 | $637K |
| 2026-03-15 | Joseph Podwika Chief Legal Officer and Corporate Secretary | Award New annual restricted stock unit grant, valued at the report-date share price of $111.71. | 5,571 | — | $622K |
| 2026-03-03 | Gregory Heckman Chief Executive Officer | Award Dividend-equivalent units credited on outstanding awards rather than a purchase. | 1,006 | $117.00 | $118K |
| 2026-05-20 | Anne Jensen Non-employee director | Award Annual director restricted stock unit grant vesting at the 2027 annual general meeting. | 1,654 | — | $185K |
| 2026-06-01 | Gregory Heckman Chief Executive Officer | Award Dividend-equivalent units credited on outstanding awards rather than a purchase. | 927 | $127.00 | $118K |
| 2026-06-01 | Julio Garros Co-Chief Operating Officer | Award Dividend-equivalent units credited on outstanding awards rather than a purchase. | 237 | $127.00 | $30K |
Reading guide
Benefits & Perks
Bunge publishes no global benefits handbook, so the picture below is assembled from official job postings, the proxy statement and the statutory frameworks that apply in each market. Where a country has no company-level disclosure, that is stated rather than filled in from a peer.
United States
- Retirement — 100% match on the first 3%, 50% on the next 2%, plus a fixed 5% employer contribution. Disclosed for eligible salaried and non-union hourly employees. A participant contributing 5 percent receives an effective 4 percent match on top of the 5 percent non-elective contribution. [official]
- Health and protection — Medical, dental, vision, life, short- and long-term disability, HSA and FSA. Advertised on current Bunge job postings. Carriers, coverage levels and the employer premium split are not published. [official]
- Leave — 25, 30 or 35 paid time off days by length of service. From a senior United States posting. The service thresholds that move an employee between the three tiers are not published. [official]
- Family — Six weeks paid parental leave plus fertility support. Advertised alongside an employee assistance programme on the same senior posting; eligibility rules across employee groups are not confirmed. [official]
- Development — Up to $5,000 tuition reimbursement. Advertised on a current posting. Whether it applies across all United States employee groups is not confirmed. [official]
- Deferral — Deferred compensation plan above a $350,000 base salary. The 2025 eligibility threshold. Participants may defer part of salary and up to 100 percent of the annual incentive award. [official]
Global programs
- Executive benefits — Financial-wellness benefits and personal aircraft use for the chief executive. Disclosed in the 2026 proxy inside all other compensation. [official]
- International assignment — Housing, education, cost-of-living support and tax gross-up. Julio Garros received this package in 2025, worth most of his $1.86 million of other compensation. It is assignment-specific and should not be read as a standard expatriate policy. [official]
- Deferral — Deferred compensation for eligible high-paid employees. The 2025 threshold was $350,000 of base salary, with up to 100 percent of the annual incentive deferrable. [official]
- Learning and mobility — No single globally applicable public policy. Learning platforms, employee assistance, hybrid working, certification reimbursement, sabbatical and internal rotation terms were not found in one global source. [npd]
- Post-merger harmonisation — Legacy Viterra benefit plans not publicly reconciled. Bunge has published nothing on whether Canadian and Australian legacy plans have been merged into Bunge programmes. [npd]
Benefit fields not publicly quantified
Country benefit providers, insured amounts, employer premium splits and leave policies are almost entirely unpublished at Bunge, which is common for an agribusiness with heavy collective-bargaining and plant populations. Where a row above says not publicly disclosed, no reliable public source existed; it does not mean the benefit is absent.
Performance Review & Pay Progression
Bunge discloses a great deal about how it pays its named executives and essentially nothing about how it reviews and pays everyone else. Executive incentives run through the Human Resources and Compensation Committee on annual company and individual goals with a March post-year-end payout, and executive equity combines a three-year performance period with service conditions under recoupment and share-ownership policies.
Not publicly disclosed
Modeled promotion planning timeline
| Band | Years to next scope | Promotion hike | Status |
|---|---|---|---|
| B1 | 2–3 years to B2 for a modeled 10 to 18 percent increase | Not disclosed | Modeled planning interval |
| B2 | 2–4 years to B3 for a modeled 10 to 18 percent increase | Not disclosed | Modeled planning interval |
| B3 | 3–5 years to B4 for a modeled 12 to 20 percent increase | Not disclosed | Modeled planning interval |
| B4 | 3–5 years to B5 for a modeled 12 to 22 percent increase | Not disclosed | Modeled planning interval |
| B5 | 3–6 years to B6 for a modeled 15 to 25 percent increase | Not disclosed | Modeled planning interval |
| B6 | 3–6 years to B7 for a modeled 15 to 25 percent increase | Not disclosed | Modeled planning interval |
| B7 | 3–7 years to B8 for a modeled 18 to 30 percent increase | Not disclosed | Modeled planning interval |
| B8 | Opportunity-based to B9 for a modeled 20 to 40 percent increase plus an equity reset | Not disclosed | Modeled planning interval |
| B9 | Board succession event; case-specific | Not disclosed | Modeled planning interval |
The only firm calendar point in the public record is executive: the Annual Incentive Plan performance year closes on 31 December, awards are certified after year-end and the 2025 awards were paid in March 2026. Annual executive equity is granted in the first quarter, with the 2025 grants dated 15 March. None of that proves employee salary increases take effect in March, and no reviewed source established a universal Bunge merit-increase, pay-freeze or off-cycle correction announcement for 2024, 2025 or 2026.
Pay progression evidence
Modeled progression, not Bunge policy: B1 to B2 typically takes two to three years for a 10 to 18 percent increase; B2 to B3 two to four years for 10 to 18 percent; B3 to B4 three to five years for 12 to 20 percent; B4 to B5 three to five years for 12 to 22 percent; B5 to B6 three to six years for 15 to 25 percent; B6 to B7 three to six years for 15 to 25 percent; B7 to B8 three to seven years for 18 to 30 percent; and B8 to the Executive Management Team tier is opportunity-based, typically 20 to 40 percent plus a full equity redesign. Movement into the chief executive role is a board succession event and case-specific. No public dataset distinguishes internal promotees from lateral hires at the same Bunge level, so no lateral premium is asserted here.
H-1B / LCA Visa Footprint — United States
Bunge's H-1B footprint is small, concentrated at Chesterfield and split across at least four legal entities that pay very differently. Labour condition applications are Department of Labor wage attestations and prerequisites to a petition, not visa approvals, and one application can cover more than one worker.
Dataset summary
| Dataset | Result | Interpretation |
|---|---|---|
| Bunge Management Services, Inc. | $130,000 median, $104,363 to $145,016 interquartile range, 22 certified FY2021 to FY2025 | The corporate and technology entity; 21 of the 22 filings name Chesterfield. |
| Bunge Global Markets, Inc. | $145,550 median, $120,000 to $175,000 interquartile range, 9 certified FY2025 | The trading and markets mix drives the highest wages of any Bunge entity. |
| Bunge North America, Inc. | $85,330 median, $75,000 to $98,000 interquartile range, 11 certified FY2025 | An aggregator entity summary reports about 82 percent of these filings below $100,000. |
| Bunge Oils, Inc. | $83,226 median, $76,000 to $95,000 interquartile range, 3 certified FY2025 | Sample too small to read as an entity wage policy. |
City-level H-1B wage history
| City | P25 | Median | P75 | Records |
|---|---|---|---|---|
Chesterfield / St. Louis 21 of 22 Bunge Management Services filings, plus one spelling variant and one St. Louis record. | $104K | $130,000 | $145K | 22 |
Decatur Observed city median from a small aggregator sample; the quartiles are modeled, not robustly disclosed. | $70K | $75,925 | $85K | 2 |
All-years aggregates. P25/P75 are rounded reconstruction values marked modeled; medians and record counts are the stronger fields.
Selected title / worksite records
| Title | Worksite | Proffered wage | Notes |
|---|---|---|---|
| Director, Economic Analysis | Chesterfield, Missouri | $190,000 | 2026 certified filing; the highest single Bunge wage in the reviewed record. |
| Director, Global Commercial Tools | Chesterfield, Missouri | $189,902 | 2026 certified filing on the commercial technology side. |
| Global Product Manager | Chesterfield, Missouri | $165,000 | 2025 certified filing. |
| Senior Manager, Capital Markets | Chesterfield, Missouri | $150,000 | 2025 certified filing; roughly the B4 to B5 zone in this report's ladder. |
| Quantitative Risk Manager | Chesterfield, Missouri | $135,435 | 2025 certified filing in the risk function. |
| Research Analyst, Biofuels | Chesterfield, Missouri | $120,000 | 2025 certified filing. |
| Cyber Threat Defense Operations Engineer | Chesterfield, Missouri | $112,424 | 2025 certified filing on the technology side. |
| Quantitative Risk Analyst Trainee | Chesterfield, Missouri | $88,400 | 2025 certified filing; the entry point of the Bunge sponsored population. |
Reading the data correctly
- A certified labour condition application is a wage attestation filed with the Department of Labor. It is not a USCIS petition approval, and one application can cover more than one worker.
- The reviewed source reports 22 certified and no denied applications for Bunge Management Services across FY2021 to FY2025, which is a certification rate rather than an approval rate.
- H-1B wages are base salary only. They exclude the annual incentive, any selective equity and shift or overtime premiums, so they cannot be compared with a total compensation figure on this page.
- Bunge files under several legal entities with very different wage profiles, so an aggregate company median across entities would be misleading. Entity and year must be checked individually.
- Outside Chesterfield and Decatur there is not enough consolidated evidence to publish a city wage picture.
Key Nuances & Insights
Official Bunge postings expose Levels 9, 8, 7 and 6 and nothing above. That is unusually transparent for the bottom of a ladder and unusually opaque above it, so a candidate can verify a junior level from a job advert but has no way to verify a director or vice-president grade.
An India posting titled Associate Manager RTR mapped to a global Senior Analyst at Org Level 9, the most junior band in this report. Comparing Bunge offers on title alone across countries will misclassify seniority by two levels or more.
The 2024 Long-Term Incentive Plan is written for key employees, consultants and independent contractors chosen by the committee. There is no threshold level at which equity begins, so two people at the same band can have completely different packages and neither is out of policy.
No discounted purchase scheme, lookback or payroll share plan appears anywhere in the record. For most Bunge employees the equity line of an offer is genuinely zero, which puts all the negotiating weight on base and the annual incentive.
United States retirement plan participants can direct contributions into Bunge share funds. That is participant-directed retirement investing with no discount, no grant and no vesting, and describing it as an employee stock ownership plan double-counts a retirement benefit as pay.
The 2025 chief executive target mix was roughly 77 percent long-term equity and the other named executives averaged about 60 percent. That makes the proxy total a grant-date accounting number: Heckman's actual 2025 vested value was $8.33 million against $12.77 million of reported stock awards.
Time-based units granted on 15 March 2025 cliff-vest in one instalment on 15 March 2028 and performance units vest on the third anniversary after certification. Leaving at month 30 forfeits everything rather than three quarters of the award.
Bunge reported 252 to 1 after a cost-of-living adjustment and 499 to 1 without it. It also excluded about 13,794 Viterra employees under SEC transition relief, so the 2025 ratio measures the legacy Bunge workforce rather than the combined company that now exists.
David Mattiske's $16.69 million is mostly a Viterra-linked sign-on award of 37,383 units on top of his $3.5 million target, and Julio Garros's $1.86 million of other compensation is international-assignment support with a large tax gross-up. Neither is a steady-state package.
Legacy Bunge and Viterra ran different geographic, title, bonus and benefit structures, and Bunge has released no harmonised band architecture, bonus conversion or global pay policy. Anyone joining in Canada or Australia is joining a structure that has not been publicly settled.
Modeled Mohali base runs at about 0.10 times the St. Louis anchor at the entry band and about 0.79 times at the Executive Management Team tier, and total compensation converges faster still because senior equity is granted globally in dollars.
Terminal operators, process executives, plant engineers, grain traders and global risk leaders sit in the same nominal bands but in completely different labour markets. The model separates site type and seniority convergence for exactly this reason, and it still cannot price shift, hazard or collective-bargaining premiums.
Current official Bunge materials cite both approximately 34,000 and approximately 37,000 employees. This report shows the range rather than picking one, because the difference is roughly the size of a mid-cap employer.
No credible public dataset separates internal promotees from lateral hires at the same Bunge level. A lateral premium is plausible market practice, but nothing in the record supports attaching a Bunge-specific percentage to it.
Research control
Bunge's chief executive pay sits third in this agribusiness and food comparison set, below Tyson Foods at $34.47 million and Archer-Daniels-Midland at $23.89 million, close to Corteva at $17.50 million and above Ingredion at $12.93 million. Its 252 to 1 adjusted ratio is a function of a $75,124 median that itself rests on a cost-of-living adjustment, so it is not directly comparable with peers that publish an unadjusted median. On the employee side the ladder tracks a diversified industrial and agribusiness market rather than a technology one: cash dominates through B4, selective equity only starts to matter at B5, and the equity share of a package does not exceed base salary until the vice-president tier.
Evidence classification
| Label | Meaning | Examples and permitted use |
|---|---|---|
| Verified | A Bunge filing, an official Bunge job posting, a plan document or a government rule. | Presented as a company or statutory fact with its date and source. Named executive pay, plan terms, board fees and statutory benefits sit here. |
| Reported | Employee-submitted salary records, third-party salary aggregates and Department of Labor labour condition application wages. | Used as a market anchor. Sample size and role mix can distort these, and they are corroborating evidence rather than payroll records. |
| Modeled | A St. Louis anchor observation multiplied by a city calibration factor and an FX rate inside a planning envelope. | Never presented as an internal Bunge range. Bands B5 to B9 and every non-anchor city cell are modeled. |
| Not publicly disclosed | No reliable public evidence was found. | Shown explicitly rather than guessed, including for attrition, rating scales, employee bonus targets and most country benefit terms. |
Explicit “Not publicly disclosed” index
Known gaps and diligence before relying on a cell
- 1The chief executive row is deliberately excluded from the band ladder. It is a single worldwide $1.4 million salary that is identical in every city table, so interpolating it would force every offshore market's factor towards parity and produce absurd cells such as an India country head on a United States chief executive base. The chief executive figures are carried in full in the executive section instead, which is why the ladder has nine rows rather than ten.
- 2The source bundle builds its total compensation as base plus an 8 to 30 percent employer benefit load plus variable pay plus equity. That load is employer cost rather than pay, so it has been stripped here and every anchor total is rebuilt as base plus target incentive plus annualized equity. Totals on this page will therefore read below the equivalent figures in the source report.
- 3Geographic factors are interpolated linearly between the junior and senior band, while the bundle's own convergence curve is convex. Mid-ladder offshore cells at B4 to B7 therefore read somewhat high against the bundle's own table; the endpoints at B1 and the Executive Management Team tier are exact.
- 4FY2025 net sales are shown as $70.329 billion from the first-party earnings release. A filing-summary source showed $70.326 billion; the difference is retained rather than silently reconciled.
- 5Employee headcount is shown as a range because current official Bunge materials cite both approximately 34,000 and approximately 37,000, and no source reconciles them.
- 6Named executive incentive target dollars are implied from the disclosed payout and attainment percentage, because several 2025 salaries were prorated by mid-year appointments and the disclosed target percentages do not multiply cleanly against the reported salary.
- 7Argentine peso, Hungarian forint, Paraguayan guarani, Uruguayan peso and Colombian peso conversions use indicative working rates rather than same-day IMF representative rates, so those columns are the most date-sensitive on the page.
- 8Thirty-five of the sixty-five markets in the source bundle are omitted here to keep the location table to markets with a distinct pay profile. Bangalore, Auckland and Dubai were treated as comparators in the source with no confirmed major Bunge site and are omitted for that reason.
FX rates used — 1 USD equals, snapshot 2026-08-25
Single-date conversion layer for comparability; it ignores payroll-date FX, tax, purchasing power, benefits valuation and hedging. Compensation intelligence, not legal, tax, investment, immigration or employment advice.
Source register — 30 sources
| S01 | Bunge 2026 Proxy Statement (DEF 14A) · SEC / Bunge · 2026-04-10. 2025 named executive pay, annual incentive outcomes, equity grants, board compensation, pay ratio, vesting and executive benefits. |
| S02 | Bunge 2024 Long-Term Incentive Plan, Exhibit 10.1 · SEC / Bunge · 2024-05-15. Plan purpose, award types, eligibility discretion, 5.0 million-share reserve and plan duration. |
| S03 | Form S-8 registering the 2024 Long-Term Incentive Plan · SEC / Bunge · 2024-08-27. Adoption on 25 March 2024 and shareholder approval on 15 May 2024. |
| S04 | Bunge 2025 Annual Report and Form 10-K · SEC / Bunge · 2026-02-19. Company scale, share-based compensation note and post-merger financial context. |
| S05 | Fourth Quarter and Full-Year 2025 Results · Bunge · 2026-02-04. FY2025 net sales of $70.329 billion and adjusted earnings per share of $7.57. |
| S06 | Second Quarter 2026 Results · Bunge · 2026-07-29. Current 2026 results, the raised $9.25 to $9.75 adjusted earnings outlook and post-merger segment scale. |
| S07 | Bunge completes the Viterra combination · Reuters · 2025-07-02. Closing date, leadership continuity and combined-company context. |
| S08 | Bunge careers site and current job templates · Bunge · 2026 retrieval. Company description and the conflicting approximately 34,000 and 37,000 employee references. |
| S09 | Maintenance Manager, Kearny, New Jersey job posting · Bunge Careers · 2026 retrieval. Official United States salary range and the detailed benefit list. |
| S10 | Official Bunge job postings carrying Org Levels 9 to 6 · Bunge Careers · 2025–2026 retrieval. Observed hierarchy labels and the role mapping for bands B1 to B4. |
| S11 | Bunge India salaries in Mohali · Glassdoor · 2026 retrieval. Observed India salary ranges from Management Trainee to Project Manager. |
| S12 | Bunge Australia salaries · Glassdoor · 2026 retrieval. Observed Australian human resources, trainee, information technology and grain-role pay. |
| S13 | Bunge and Viterra Australia salary estimates · Glassdoor and SEEK · 2026 retrieval. Terminal, operator, supervisor and network-engineer anchors for the Australian bands. |
| S14 | Bunge United States salary observations · Glassdoor, Comparably and PayScale · 2026 retrieval. Cross-check for analyst, manager, director, vice-president and overall United States pay. |
| S15 | Bunge European job postings · Bunge Careers · 2025–2026 retrieval. Ravenna salary ranges and Rotterdam pension, bonus and leave terms. |
| S16 | Bunge Management Services H-1B labour condition application analysis · Elevate Staffing on US Department of Labor data · FY2021–FY2025. Median, percentiles, filing counts, roles and worksite concentration for the core entity. |
| S17 | Bunge H-1B role-level disclosures · H-1B aggregators on US DOL OFLC data · FY2025–FY2026. Entity and job-title wage observations across four Bunge legal entities. |
| S18 | SEC Forms 4 filed March to June 2026 · SEC / Bunge insiders · 2026. Unit settlements, tax-withholding dispositions, new grants and dividend equivalents. |
| S19 | Bunge Retirement Savings Plan documents and Form 11-K · SEC / Bunge · 2023–2026. 401(k) structure and the distinction between retirement share funds and equity grants. |
| S20 | Employees' Provident Fund contribution structure · Employees' Provident Fund Organisation, India · 2026 retrieval. The 12 percent employee and employer contribution framework. |
| S21 | India labour-law handbook, statutory maternity and gratuity provisions · Government of India · 2026 retrieval. The 26-week maternity entitlement and the gratuity framework. |
| S22 | Australian superannuation guarantee rate · Australian Taxation Office and Fair Work Ombudsman · 2025-07-01. The 12 percent superannuation guarantee applying from 1 July 2025. |
| S23 | Australian annual, personal and parental leave entitlements · Fair Work Ombudsman and Services Australia · 2026 retrieval. Four weeks annual leave, ten days personal or carer leave and the parental-leave framework. |
| S24 | Representative exchange rates for selected currencies · International Monetary Fund · 2026-08-25. US dollar to local currency conversion rates for every market on this page. |
| S25 | Official hryvnia exchange rate · National Bank of Ukraine · 2026-08-26. Ukrainian hryvnia conversion. |
| S26 | Bunge 2025 Proxy Statement · SEC / Bunge · 2025-03-25. 2024 annual incentive payouts and the 2024 pay-ratio comparison. |
| S27 | Peer-company 2026 proxy statements · SEC / ADM, Ingredion, Corteva and Tyson Foods · 2026 proxy season. Peer chief executive compensation comparison. |
| S28 | Bunge governance documents and HR and Compensation Committee charter · Bunge · 2026 retrieval. Committee responsibility, compensation oversight and the recoupment framework. |
| S29 | Bunge contact and global office page · Bunge · 2026 retrieval. Verified major commercial hubs and headquarters locations. |
| S30 | Bunge share price · NYSE market data · 2026-08-25. The $111.71 working share price used for grant-value illustrations. |
Recent News & Workforce Trend
The compensation story at Bunge in 2025 and 2026 is merger integration rather than a pay announcement. No verified public source established a companywide salary increase, pay freeze, salary cut or campus-offer revision in any of the three years reviewed.
Bunge publishes no city-level or country-level employee counts and no attrition rate, so there is no year-by-year headcount series to plot. The most defensible statement is that the workforce roughly doubled through the Viterra combination and that Bunge's own materials now disagree with each other about its size by about 3,000 people.
Bunge reported post-merger results and raised full-year adjusted earnings per share guidance to $9.25 to $9.75, improving the incentive backdrop without disclosing any employee salary action.
Forms 4 recorded 927 units for Gregory Heckman and 237 for Julio Garros, a reminder that outstanding awards grow between grant and vest without a new grant decision.
Director Anne Jensen received 1,654 restricted stock units vesting at the 2027 annual general meeting, consistent with the $200,000 annual grant fair value target.
The filing reports 2025 named executive compensation, annual incentive outcomes, equity grants, director fees and a 252 to 1 cost-of-living-adjusted chief executive pay ratio.
Executives settled prior-year units and received new grants on the same day, with 38,856 shares withheld from Gregory Heckman at $125.63 to cover tax rather than sold on the market.
The annual report carries the share-based compensation note and the post-merger financial context behind the 2025 incentive outcomes.
Full-year net sales rose materially after the Viterra combination while adjusted earnings per share fell to $7.57 from $9.19, which is the backdrop to a 163 percent chief executive incentive outcome.
The transaction expanded Bunge across Canada, Australia and global grain merchandising and created the co-chief-operating-officer structure. Compensation harmonisation details remain private.
A 37,383-unit sign-on time-based restricted stock unit award associated with the combination, on top of a $3.5 million annual long-term incentive target.
The prior-year filing disclosed 2024 annual incentive payouts of 153 to 213 percent of target and a 273 to 1 adjusted chief executive pay ratio against a $61,474 median.
Named executives received 60 percent performance-based and 40 percent time-based restricted stock units, with the time-based half cliff-vesting on 15 March 2028.
The plan authorises options, restricted stock units, stock appreciation rights, performance units and other awards for key employees, consultants and contractors, with a 5.0 million-share reserve.