Form 4: Post Holdings Director Jennifer Kuperman Johnson Acquires Stock Equivalents Through Deferred Compensation Plan
SEC Form 4 Filing
Director Jennifer Kuperman Johnson acquired stock equivalents in Post Holdings through the company's Deferred Compensation Plan for Non-Management Directors.
Summary
- On July 31, 2024, Jennifer Kuperman Johnson, a director of Post Holdings, Inc., acquired 101.599 stock equivalents through the company's Deferred Compensation Plan for Non-Management Directors.
- These stock equivalents were acquired at a price of $109.36 per equivalent.
- Following the transaction, Johnson directly owns 4,719.301 stock equivalents.
- The stock equivalents have no fixed exercisable or expiration dates and will be distributed in cash upon separation from the Board of Directors.
- Johnson has also granted a power of attorney to Diedre J. Gray, Elizabeth C. Minogue, and Beth E. Frohlichstein to handle SEC filings on her behalf.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and expected practice. The sentiment is neutral to slightly positive as it shows alignment of interests between the director and 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 those of shareholders. Deferred compensation plans are a common way to provide this type of incentive.
Stakeholder Impact
- The transaction aligns the director's interests with those of shareholders, potentially leading to better corporate governance and decision-making.
Key Dates
| Date | Description |
|---|---|
| 2021-05-10 | Previous Power of Attorney granted to Diedre J. Gray and Margaret J. Lammert was revoked. |
| 2024-07-10 | Date of execution of the new Power of Attorney. |
| 2024-07-31 | Date of transaction: Acquisition of stock equivalents. |
| 2024-08-02 | Date of signature by Attorney-in-Fact. |
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