CEO Pay Watch: Mosaic's Prokopanko: $3.9 million

Updated: August 23, 2012 - 10:57 PM

Jim Prokopanko, CEO, Mosaic Co.

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MOSAIC CO.

Jim Prokopanko, president, CEO

Total compensation: $3,905,142 for the year ended May 31

Salary: $1,033,333

Non-equity incentive pay: $1,470,000

Other compensation: $512,293

Value realized on vesting shares: $889,516

New stock options: 47,373

Total fiscal 2012 return to shareholders: -32.3 percent

Note: Prokopanko took home $4.7 million less in total realized compensation than he did in the previous year, mainly because he did not exercise any stock options in fiscal 2012, after exercising $3.1 million the previous year.

In fiscal 2011, Prokopanko and other named executives received cash bonuses for engineering the successful split off of Cargill Inc.'s equity interest in Mosaic, the so-called New Horizon transaction. The company issued $7 million in bonuses to more than three dozen executives for that transaction. Prokopanko's share was $1 million.

For fiscal 2012, Prokopanko and others got special fixed-dollar retention awards instead of cash bonuses "to help assure continuity of management, strategy and execution of our business priorities following the New Horizon transaction." Those awards will be paid in shares of the company stock if executives are still employed by the company on July 21, 2014. Prokopanko is due $2 million under that plan.

PATRICK KENNEDY