Form 4: Director Stein Jr. Acquires Additional BellRing Brands Common Stock Equivalents
SEC Form 4
Elliot Stein Jr., a director of BellRing Brands, Inc., acquired additional common stock equivalents through the company's Deferred Compensation Plan for Directors.
Summary
- On October 1, 2024, Elliot Stein Jr., a director of BellRing Brands, Inc., acquired common stock equivalents.
- The acquisition was made through the Issuer's Deferred Compensation Plan for Directors.
- Stein Jr. acquired 126.26 common stock equivalents at a price of $60.72, resulting in 1,221.221 shares beneficially owned.
- These stock equivalents are part of Stein Jr.'s director retainer and are credited quarterly.
- The equivalents will be distributed as common stock upon Stein Jr.'s retirement from the Board of Directors.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating a positive alignment of interests between the director and the company's shareholders. It is neither exceptionally positive nor negative.
Positives
- Director's participation in the Deferred Compensation Plan demonstrates confidence in the company's future.
- The acquisition increases the director's stake in the company, aligning his interests with those of shareholders.
Future Outlook
The director will continue to receive quarterly stock equivalents as part of the Deferred Compensation Plan until retirement from the Board of Directors.
Industry Context
Directors often participate in deferred compensation plans as a way to align their interests with the long-term performance of the company. This is a common practice in publicly traded companies.
Related Party Transactions
- The acquisition of common stock equivalents through the Deferred Compensation Plan is a related party transaction.
Stakeholder Impact
- The transaction signals confidence from a director, which could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Acquisition of Common Stock Equivalents |
| 10/02/2024 | Date of signature for the SEC Form 4 filing |
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