Form 4: Post Holdings SVP, CFO & Treasurer Matthew Mainer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Matthew Mainer, SVP, CFO & Treasurer of Post Holdings, reports acquisition and disposal of common stock related to performance share unit payout and tax withholding.
Summary
- On October 21, 2024, Matthew Mainer, SVP, CFO & Treasurer of Post Holdings, acquired 6,326 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.
- On the same day, Mainer surrendered 2,793 shares to cover tax withholding obligations resulting from the vesting of the 6,326 PRSUs at a price of $115.21.
- Following these transactions, Mainer beneficially owns 46,890 shares of Post Holdings common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the document primarily reports routine transactions related to executive compensation.
Positives
- The acquisition of shares indicates that performance goals were met, suggesting positive performance for Post Holdings over the performance period.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Comparison to Industry Standards
- Executive compensation packages often include performance-based equity awards, aligning management's interests with those of shareholders.
- Companies like General Mills, Kellogg's, and Conagra Brands also utilize performance-based equity compensation for their executives.
Stakeholder Impact
- Shareholders may view the vesting of performance shares as a positive sign, indicating that the company has achieved certain performance goals.
Key Dates
| Date | Description |
|---|---|
| October 1, 2021 | Start date of the performance period for the performance share awards. |
| November 9, 2022 | Date of previous Power of Attorney granted to Diedre J. Gray and Margaret J. Lammert, which is now revoked. |
| June 25, 2024 | Date of execution of the new Power of Attorney. |
| September 30, 2024 | End date of the performance period for the performance share awards. |
| October 21, 2024 | Date of the stock acquisition and disposal transactions. |
| October 23, 2024 | Date of signature on the Form 4 filing. |
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