Form 4: Director David W. Kemper Acquires Post Holdings Stock Equivalents Through Deferred Compensation Plan

David W. Kemper, a director of Post Holdings, Inc., acquired 128.005 stock equivalents through the company's Deferred Compensation Plan for Non-Management Directors on June 28, 2024.

Summary

• On June 28, 2024, David W. Kemper, a director of Post Holdings, Inc., acquired 128.005 stock equivalents.
• The acquisition was made through the Issuer's Deferred Compensation Plan for Non-Management Directors.
• These stock equivalents are earned as retainers for serving as a director.
• The price of the stock equivalents was $104.16.
• Following the transaction, Kemper directly owns 17,343.881 stock equivalents.
• The stock equivalents have no fixed exercisable or expiration dates and are distributed in cash upon separation from the Board of Directors.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it demonstrates continued alignment of interests between the director and the company's shareholders.

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 shareholders.

Future Outlook

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

Industry Context

Directors often receive stock-based compensation to align their interests with shareholders. Deferred compensation plans are a common way to provide this compensation.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice across publicly traded companies.
• Companies like General Mills and Kellogg's also utilize deferred compensation plans for their non-management directors.
• The amount of stock equivalents granted to Kemper appears to be within the typical range for director compensation at companies of similar size and scope to Post Holdings.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's performance.

Key Dates