BellRing Brands (NYSE: BRBR) director adds shares via grants and purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BellRing Brands director David Isaiah Finkelstein increased his stake through a mix of stock awards and an open-market purchase. He received 5,391 shares of Common Stock as a restricted stock unit grant on January 29 and a further 1,935 restricted stock units on February 17, both with no cash price and vesting in full one year after grant. On February 13, he also bought 2,000 Common Stock shares in the open market at $17.75 per share. Following these transactions, he directly owns 9,326 Common Stock shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,000 shares ($35,500)
Net Buy
3 txns
Insider
Finkelstein David Isaiah
Role
Director
Bought
2,000 shs ($36K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,935 | $0.00 | -- |
| Purchase | Common Stock | 2,000 | $17.75 | $36K |
| Grant/Award | Common Stock | 5,391 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,326 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Common Stock of Issuer granted under the BellRing Brands, Inc. 2019 Long-Term Incentive Plan. The restricted stock units vest in full on the first anniversary of the date of grant subject to the terms of the award agreement. The reporting person was granted restricted stock units in consideration of service on a special committee of the Board of Directors formed to oversee the selection of a successor President and CEO. Each restricted stock unit represents a contingent right to receive one share of Common Stock of Issuer granted under the BellRing Brands, Inc. 2019 Long-Term Incentive Plan. The restricted stock units vest in full on the first anniversary of the date of grant subject to the terms of the award agreement.
FAQ
What insider transactions did David Isaiah Finkelstein report for BellRing Brands (BRBR)?
David Isaiah Finkelstein reported three acquisitions of BellRing Brands Common Stock: two restricted stock unit grants totaling 7,326 shares and an open-market purchase of 2,000 shares. All transactions increased his direct ownership position in the company.
What were the terms of the restricted stock unit grants to the BellRing Brands (BRBR) director?
Finkelstein received restricted stock units for 5,391 shares and 1,935 shares, each representing the right to one BellRing Brands Common Stock share. Both grants vest in full on the first anniversary of their respective grant dates, subject to award agreement terms.
Why did BellRing Brands (BRBR) grant additional restricted stock units to David Isaiah Finkelstein?
One restricted stock unit grant was made to Finkelstein in consideration of his service on a special board committee formed to oversee selecting a successor President and CEO. The units vest after one year, aligning compensation with this additional governance responsibility.