Form 4: Post Holdings Director Deferrs Retainer into Stock Equivalents

Director David W. Kemper deferred retainers earned as a director of Post Holdings, Inc. into stock equivalents under the company's Deferred Compensation Plan for Non-Management Directors.

Summary

• David W. Kemper, a director of Post Holdings, Inc., deferred retainers earned as a director into Post Holdings, Inc. stock equivalents.
• This deferral is part of the Issuer's Deferred Compensation Plan for Non-Management Directors.
• On July 31, 2024, Kemper acquired 121.918 stock equivalents at a price of $109.36, resulting in a total of 17,461.14 stock equivalents owned.
• These stock equivalents will be distributed in cash on a one-for-one basis upon separation from the Board of Directors.
• Kemper also granted a power of attorney to Diedre J. Gray, Elizabeth C. Minogue, and Beth E. Frohlichstein to handle SEC filings related to Post Holdings, Inc. stock.
• The power of attorney revokes the previous power of attorney granted on August 6, 2015.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. The sentiment is neutral to slightly positive.

Positives

• The director's participation in the Deferred Compensation Plan demonstrates confidence in the company's future performance.
• The deferral of retainers into stock equivalents aligns the director's interests 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 use deferred compensation plans to align their interests with shareholders and manage their tax liabilities.

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 form of compensation (stock equivalents vs. other forms) and the payout terms, can vary widely.
• Comparing Post Holdings' plan to those of its peers (e.g., General Mills, Kellogg, Conagra Brands) would provide a better understanding of its competitiveness.

Stakeholder Impact

• Shareholders may view the director's participation in the deferred compensation plan positively, as it aligns their interests with management.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates