Form 4: BellRing Brands Director Thomas P. Erickson Acquires Additional Common Stock Equivalents

Director Thomas P. Erickson increased his holdings in BellRing Brands through the acquisition of common stock equivalents as part of a deferred compensation plan.

Summary

• On March 28, 2024, Thomas P. Erickson, a director of BellRing Brands, Inc., acquired 550.555 common stock equivalents.
• These stock equivalents were obtained as part of the Issuer's Deferred Compensation Plan for Directors, where the director's retainer is deferred into Issuer Common Stock equivalents.
• The price per equivalent was $59.03.
• Following the transaction, Erickson's direct ownership increased to 16,476.58 common stock equivalents.
• These stock equivalents will be distributed in the form of Issuer Common Stock upon the director's retirement from the Board of Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director increasing their stake in the company through a standard compensation plan.

Positives

• The acquisition of stock equivalents reflects 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.

Industry Context

Directors receiving stock-based compensation is a common practice to align their interests with shareholders and incentivize long-term value creation.

Related Party Transactions

• The Deferred Compensation Plan for Directors is a related party transaction.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates