BellRing Brands (NYSE: BRBR) director granted 1,935 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nwamu Chonda J reported acquisition or exercise transactions in this Form 4 filing.
BellRing Brands director Nwamu Chonda J reported an award of 1,935 shares of Common Stock in the form of restricted stock units. The grant was received as consideration for serving on a special board committee overseeing the selection of a successor President and CEO.
Each restricted stock unit represents one share of BellRing Brands Common Stock under the company’s 2019 Long-Term Incentive Plan and vests in full on the first anniversary of the grant date. Following this award, Nwamu directly holds 23,632 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nwamu Chonda J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,935 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 23,632 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did BellRing Brands (BRBR) director Nwamu Chonda J report?
Director Nwamu Chonda J reported acquiring 1,935 restricted stock units of BellRing Brands Common Stock. The award was granted as consideration for service on a special board committee overseeing the selection of a successor President and CEO.
What type of equity was granted to BellRing Brands (BRBR) director Nwamu Chonda J?
The director received restricted stock units, not cash or options. Each restricted stock unit represents a contingent right to receive one share of BellRing Brands Common Stock under the company’s 2019 Long-Term Incentive Plan, subject to vesting conditions.
Why did BellRing Brands (BRBR) award restricted stock units to Nwamu Chonda J?
The restricted stock units were granted as consideration for the director’s service on a special committee of the Board of Directors. That committee was formed to oversee the process of selecting a successor President and CEO for BellRing Brands.
When do the restricted stock units granted to BellRing Brands (BRBR) director vest?
The restricted stock units 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 governing this equity grant.