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

Director Thomas P. Erickson acquired 535.231 common stock equivalents of BellRing Brands through the company's Deferred Compensation Plan for Directors.

Summary

• On October 1, 2024, Thomas P. Erickson, a director of BellRing Brands, Inc., acquired 535.231 common stock equivalents.
• The acquisition was made through the Issuer's Deferred Compensation Plan for Directors.
• These stock equivalents are earned as part of the director's retainer and are credited quarterly.
• The value of the stock equivalents is distributed in the form of Issuer Common Stock upon the director's retirement from the Board of Directors on a one-for-one basis.
• Following the transaction, Erickson beneficially owns 17,580.576 common stock equivalents.
• The price of the stock equivalents was $60.72.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. The sentiment is neutral to slightly positive.

Positives

• The director's participation in the Deferred Compensation Plan demonstrates alignment with the company's long-term success.

Future Outlook

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

Industry Context

Director compensation plans are common in publicly traded companies to align the interests of directors with those of shareholders. Deferred compensation plans, in particular, encourage long-term commitment.

Comparison to Industry Standards

• Deferred compensation plans for directors are a fairly standard practice among publicly traded companies.
• The specifics of these plans, such as the vesting schedule and the form of distribution (stock equivalents vs. cash), can vary widely.
• Comparing BellRing Brands' plan to those of similar-sized companies in the consumer packaged goods industry would provide a better benchmark.

Related Party Transactions

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

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value.

Key Dates