Form 4: Director Jennifer Kuperman Johnson Acquires Post Holdings Stock Equivalents Through Deferred Compensation Plan

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

Summary

• On April 30, 2024, Jennifer Kuperman Johnson, a director of Post Holdings, Inc., acquired 104.671 stock equivalents through the company's Deferred Compensation Plan for Non-Management Directors.
• These stock equivalents were acquired at a price of $106.15 per equivalent.
• Following the transaction, Johnson directly owns 4,409.472 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 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 but slightly positive indicator of alignment.

Positives

• The acquisition of stock equivalents demonstrates the director's continued investment in the company's future.
• The Deferred Compensation Plan for Non-Management Directors aligns the interests of directors with those of shareholders.

Industry Context

This filing is a routine disclosure of a director's acquisition of stock equivalents through a deferred compensation plan, which is a common practice among publicly traded companies to incentivize and align the interests of non-management directors with those of shareholders.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice in publicly traded companies, including those in the consumer packaged goods industry like Post Holdings.
• Companies such as General Mills and Kellogg's also utilize similar compensation structures to attract and retain qualified board members.
• The specific terms of these plans, such as the timing of stock equivalent grants and the distribution method, can vary across companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates