Form 4: BellRing Brands Director Erickson Acquires Stock Equivalents Through Deferred Compensation Plan

Director Thomas P. Erickson acquired BellRing Brands, Inc. common stock equivalents through the company's Deferred Compensation Plan for Directors on June 28, 2024.

Summary

• On June 28, 2024, Thomas P. Erickson, a director of BellRing Brands, Inc., acquired 568.765 common stock equivalents through the company's Deferred Compensation Plan for Directors.
• The price per equivalent was $57.14.
• Following the transaction, Erickson directly owns 17,045.345 common stock equivalents.
• These stock equivalents are earned as part of his director retainer and are distributed as common stock upon his retirement from the Board of Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard compensation plan.

Positives

• The acquisition of stock equivalents by a director signals confidence in the company's future performance.

Future Outlook

The reporting person will receive common stock upon retirement from the Board of Directors.

Industry Context

This filing reflects routine director compensation practices, aligning director interests with shareholder value through equity-based compensation.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice among publicly traded companies to align the interests of directors with those of shareholders.
• Many companies, such as PepsiCo and Coca-Cola, offer similar deferred compensation plans that allow directors to defer their fees and receive them in the form of company stock or cash at a later date.
• The specific terms of these plans, such as the vesting schedule and the form of payment, can vary depending on the company's compensation policies and the director's preferences.

Related Party Transactions

• The acquisition of stock equivalents through the Deferred Compensation Plan constitutes a related party transaction.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders, potentially fostering better corporate governance and decision-making.

Key Dates