BellRing Brands (BRBR) awards 27,209 restricted stock units to growth chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BellRing Brands, Inc. reported that its Chief Growth Officer, Douglas J. Cornille, acquired an equity award linked to the company’s common stock. He received 27,209 restricted stock units, each representing a contingent right to one share of BellRing Brands common stock valued at $18.98 per unit.
The award was granted under the BellRing Brands, Inc. 2019 Long-Term Incentive Plan and vests in full on the first anniversary of the grant date, subject to the terms of the award agreement. Following this grant, Cornille’s directly held common stock position reported in the filing increased to 109,077 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CORNILLE DOUGLAS J
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,209 | $18.98 | $516K |
Holdings After Transaction:
Common Stock — 109,077 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BellRing Brands (BRBR) report for Douglas J. Cornille?
BellRing Brands reported that Chief Growth Officer Douglas J. Cornille received an award of 27,209 restricted stock units tied to common stock. These units were granted under the 2019 Long-Term Incentive Plan and represent a contingent right to receive one share each.
What are the vesting terms of the BellRing Brands (BRBR) restricted stock units granted to Douglas J. Cornille?
The restricted stock units granted to Douglas J. Cornille vest in full on the first anniversary of the grant date. Vesting is subject to the terms of the award agreement under the BellRing Brands, Inc. 2019 Long-Term Incentive Plan.
How is the value per unit described in the BellRing Brands (BRBR) Form 4 for Douglas J. Cornille?
The Form 4 lists the 27,209 restricted stock units with a value of $18.98 per unit. Each unit represents a contingent right to receive one share of BellRing Brands common stock, granted under the company’s 2019 Long-Term Incentive Plan.
Is Douglas J. Cornille’s BellRing Brands (BRBR) transaction a purchase or an equity award?
Douglas J. Cornille’s transaction is reported as an equity award, not an open-market purchase. The Form 4 uses code “A” for a grant or other acquisition of 27,209 restricted stock units under the BellRing Brands, Inc. 2019 Long-Term Incentive Plan.