Form 4: Post Holdings EVP & COO, Jeff A. Zadoks, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jeff A. Zadoks, EVP & COO of Post Holdings, Inc., reports acquisition and disposal of common stock related to performance share awards and tax obligations.
Summary
- On October 21, 2024, Jeff A. Zadoks, EVP & COO of Post Holdings, Inc., acquired 54,239 shares of common stock due to the payout of earned performance share awards (PRSUs).
- The payout was based on the company's relative total shareholder return percentile rank from October 1, 2021, through September 30, 2024.
- Zadoks also disposed of 23,947 shares to cover tax withholding obligations resulting from the vesting of the PRSUs at a price of $115.21 per share.
- Following these transactions, Zadoks directly owns 75,422 shares of Post Holdings common stock.
- Zadoks also indirectly owns 76,586 shares through a family trust and 68,145 shares through a SLAT.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares due to performance goals being met is a positive sign, while the disposal for tax obligations is a standard procedure.
Positives
- The acquisition of shares indicates that performance goals related to shareholder return were met, which is a positive signal.
Negatives
- The disposal of shares to cover tax obligations, while standard, reduces the executive's holdings.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may view the vesting of performance shares as a positive indicator of company performance.
Key Dates
| Date | Description |
|---|---|
| October 1, 2021 | Start date of the performance period for the performance share awards. |
| September 30, 2024 | End date of the performance period for the performance share awards. |
| October 21, 2024 | Date of the reported transactions (acquisition and disposal of shares). |
| October 23, 2024 | Date of signature on the Form 4 filing. |
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