Form 4: Director Gregory L. Curl Acquires Post Holdings Stock Equivalents Through Deferred Compensation Plan

Gregory L. Curl, a director of Post Holdings, Inc., acquired stock equivalents through the company's Deferred Compensation Plan for Non-Management Directors.

Summary

• On July 31, 2024, Gregory L. Curl, a director of Post Holdings, Inc., acquired 101.599 stock equivalents.
• These stock equivalents were obtained through the Issuer's Deferred Compensation Plan for Non-Management Directors.
• The price of the stock equivalents was $109.36 each.
• Following the transaction, Curl directly owns 5,420.094 shares of Post Holdings, Inc. common stock.
• The stock equivalents have no fixed exercisable or expiration dates and will be distributed in cash upon separation from the Board of Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction reflects standard compensation practices and aligns director interests with shareholders.

Positives

• The acquisition of stock equivalents demonstrates the director's continued investment in the company's future.
• 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, but no specific dates are provided.

Industry Context

Directors often receive compensation in the form of stock or stock equivalents to align their interests with those of shareholders. Deferred compensation plans are a common way to provide this type of incentive.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice among publicly traded companies.
• The specifics of these plans, such as the types of securities used and the distribution terms, can vary widely.
• Comparing Post Holdings' 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, as it involves compensation to a director.

Stakeholder Impact

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

Key Dates