Form 4: BellRing Brands Director Jennifer Kuperman Johnson Reports Acquisition of Common Stock Equivalents

Director Jennifer Kuperman Johnson reports acquisition of BellRing Brands common stock equivalents through deferred compensation plan.

Summary

• On June 28, 2024, Jennifer Kuperman Johnson, a director of BellRing Brands, Inc., acquired 452.095 common stock equivalents.
• These equivalents were obtained through the Issuer's Deferred Compensation Plan for Directors as part of her retainer.
• The stock equivalents are credited quarterly and will be distributed as common stock upon her retirement from the Board of Directors on a one-for-one basis.
• Following the transaction, Johnson beneficially owns 13,887.781 common stock equivalents.
• The price of the derivative security is $57.14.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The transaction reflects a director's continued investment in the company, which is generally viewed favorably. There are no indications of negative sentiment.

Positives

• The acquisition of stock equivalents demonstrates the director's continued investment in the company's future.
• The Deferred Compensation Plan aligns the interests of directors with those of shareholders.

Future Outlook

The common stock equivalents will be distributed as common stock upon the director's retirement from the Board of Directors.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It reflects a director's participation in a deferred compensation plan, a typical practice for aligning management and shareholder interests.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice among publicly traded companies, including comparable firms like Nestle, Unilever, and Danone.
• These plans often involve granting stock options or equivalents that vest over time, aligning director compensation with long-term shareholder value.
• The specific terms of deferred compensation plans can vary widely, but the underlying principle of incentivizing directors to act in the best interests of shareholders remains consistent across the industry.

Related Party Transactions

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

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with those of the shareholders.
• The transaction has no impact on employees, customers, suppliers or creditors.

Key Dates