Form 4: Director David W. Kemper Acquires Additional Post Holdings Stock Equivalents

Director David W. Kemper increased his holdings in Post Holdings through the acquisition of stock equivalents under the company's deferred compensation plan.

Summary

• On February 28, 2025, David W. Kemper, a director of Post Holdings, Inc., acquired 143.68 stock equivalents.
• These stock equivalents were obtained through the Issuer's Deferred Compensation Plan for Non-Management Directors, where retainers earned as a director are deferred.
• The price of the stock equivalents was $113.51.
• Following the transaction, Kemper directly owns 18,294.316 stock equivalents.
• These stock equivalents will be distributed in cash on a one-for-one basis upon separation from the Board of Directors and have no fixed exercisable or expiration dates.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it demonstrates alignment of interests.

Positives

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

Future Outlook

The stock equivalents will be distributed in cash upon separation from the Board of Directors.

Industry Context

Directors often receive stock or stock equivalents as part of their compensation, aligning their interests with shareholders. Deferred compensation plans are a common way to provide long-term incentives.

Comparison to Industry Standards

• Director compensation packages vary across the food and beverage industry.
• Companies like General Mills and Kellogg's also utilize stock-based compensation for their board members.
• The specific amount and type of equity granted depend on factors such as company size, performance, and individual contributions.

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