Form 4: Director Stein Jr. Acquires BellRing Brands Common Stock Equivalents Through Deferred Compensation Plan

Elliot Stein Jr., a director of BellRing Brands, acquired common stock equivalents through the company's deferred compensation plan.

Summary

• On March 28, 2024, Elliot Stein Jr., a director of BellRing Brands, Inc., acquired 129.874 common stock equivalents.
• These stock equivalents were obtained through the Issuer's Deferred Compensation Plan for Directors, representing a portion of the director's retainer.
• The price of the derivative security was $59.03.
• Following the transaction, Stein Jr. directly owns 960.791 common stock equivalents.
• These stock equivalents will be distributed as Issuer Common Stock on a one-for-one basis upon the director's retirement from the Board of Directors.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and ongoing relationship between the director and the company. It's a neutral event with a slightly positive undertone due to the director's continued investment in the company.

Positives

• The acquisition of stock equivalents demonstrates the director's continued investment and alignment with the company's long-term success.
• The Deferred Compensation Plan for Directors is a common practice that incentivizes board members.

Future Outlook

The common stock equivalents will be distributed as Issuer Common Stock on a one-for-one basis upon the director's retirement from the Board of Directors.

Industry Context

Deferred compensation plans are a common practice for compensating directors, aligning their interests with those of shareholders by providing them with equity in the company.

Comparison to Industry Standards

• Director compensation packages, including deferred stock plans, are common among publicly traded companies like BellRing Brands.
• Comparable companies such as Simply Good Foods Co. and Hain Celestial Group also utilize similar compensation strategies to attract and retain qualified board members.
• The specific terms of these plans, such as vesting schedules and conversion ratios, can vary based on company size, industry, and individual director contributions.

Related Party Transactions

• The acquisition of common stock equivalents through the Deferred Compensation Plan constitutes a related party transaction, as it involves compensation to a director of the company.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of interests between the director and shareholders.

Key Dates