STOCK TITAN

BellRing (NYSE: BRBR) director defers fees into stock units grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ERICKSON THOMAS P reported acquisition or exercise transactions in this Form 4 filing.

BELLRING BRANDS, INC. director Thomas P. Erickson received a grant of 2,952.069 BellRing Brands, Inc. Common Stock Equivalents on March 31, 2026 as part of his director compensation. These units were valued at $16.09 per equivalent and are credited under the company’s Deferred Compensation Plan for Directors.

Following this grant, Erickson holds a total of 24,921.101 Common Stock Equivalents directly. The footnotes explain that his director retainer is deferred quarterly into these stock equivalents and that, upon his retirement from the Board, the value is paid out in BellRing common shares on a one-for-one basis. The Common Stock Equivalents have no fixed exercisable or expiration dates, emphasizing their nature as deferred compensation rather than short-term trading instruments.

Positive

  • None.

Negative

  • None.
Insider ERICKSON THOMAS P
Role Director
Type Security Shares Price Value
Grant/Award BellRing Brands, Inc. Common Stock Equivalents 2,952.069 $16.09 $47K
Holdings After Transaction: BellRing Brands, Inc. Common Stock Equivalents — 24,921.101 shares (Direct)
Footnotes (1)
  1. Reporting Person's retainer earned as a Director of Issuer is deferred into Issuer Common Stock equivalents under the Issuer's Deferred Compensation Plan for Directors. Reporting Person is credited with stock equivalents on a quarterly basis as soon as administratively practical following the quarter in which such retainer is earned. The value of these stock equivalents is distributed (on a one-for-one basis) in the form of Issuer Common Stock upon Reporting Person's retirement from the Board of Directors. The Common Stock equivalents have no fixed exercisable or expiration dates.
Director stock equivalents grant 2,952.069 equivalents Grant on March 31, 2026 as deferred director compensation
Grant reference value $16.09 per equivalent Value used for the 2,952.069 Common Stock Equivalents grant
Total stock equivalents held 24,921.101 equivalents Common Stock Equivalents held directly after the transaction
Common Stock Equivalents financial
"BellRing Brands, Inc. Common Stock Equivalents"
Common stock equivalents are financial instruments that can be converted into common shares or have a similar effect on a company's stock ownership, such as stock options or convertible bonds. They matter to investors because they can increase the total number of shares outstanding, potentially diluting existing ownership and affecting the company's stock value. Recognizing these equivalents helps investors understand the true potential for future share issuance and company ownership structure.
Deferred Compensation Plan for Directors financial
"deferred into Issuer Common Stock equivalents under the Issuer's Deferred Compensation Plan for Directors"
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
retainer financial
"Reporting Person's retainer earned as a Director of Issuer is deferred"
one-for-one basis financial
"distributed (on a one-for-one basis) in the form of Issuer Common Stock"
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
ERICKSON THOMAS P

(Last)(First)(Middle)
C/O BELLRING BRANDS, INC.
1 N BRENTWOOD BLVD., SUITE 1550

(Street)
ST. LOUIS MISSOURI 63105

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
BELLRING BRANDS, INC. [ BRBR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
BellRing Brands, Inc. Common Stock Equivalents(1)03/31/2026A2,952.069 (2) (2)Common Stock2,952.069$16.0924,921.101D
Explanation of Responses:
1. Reporting Person's retainer earned as a Director of Issuer is deferred into Issuer Common Stock equivalents under the Issuer's Deferred Compensation Plan for Directors. Reporting Person is credited with stock equivalents on a quarterly basis as soon as administratively practical following the quarter in which such retainer is earned. The value of these stock equivalents is distributed (on a one-for-one basis) in the form of Issuer Common Stock upon Reporting Person's retirement from the Board of Directors.
2. The Common Stock equivalents have no fixed exercisable or expiration dates.
Remarks:
/s/ Craig L. Rosenthal, Attorney in Fact04/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did BRBR director Thomas P. Erickson report?

Thomas P. Erickson reported receiving 2,952.069 BellRing Brands Common Stock Equivalents as a grant. This award reflects deferred director compensation credited under the company’s Deferred Compensation Plan for Directors and is not an open-market stock purchase or sale.

How many BellRing (BRBR) stock equivalents does the director hold after this grant?

After the March 31, 2026 grant, Thomas P. Erickson holds 24,921.101 BellRing Brands Common Stock Equivalents. These are deferred compensation units that will eventually be settled one-for-one in BellRing common stock when he retires from the Board of Directors.

Is the BRBR Form 4 transaction a stock purchase or sale by the director?

The BRBR Form 4 shows a grant, not a market trade. Erickson acquired 2,952.069 Common Stock Equivalents as deferred director compensation, with a stated value of $16.09 per equivalent, rather than buying or selling shares in the open market.

How does BellRing (BRBR) defer director compensation into stock equivalents?

BellRing defers the director’s retainer into Common Stock Equivalents under its Deferred Compensation Plan for Directors. The director is credited quarterly with stock equivalents, and these convert into BellRing common shares on a one-for-one basis upon the director’s retirement from the Board.

Do BellRing (BRBR) Common Stock Equivalents have an expiration date?

The Common Stock Equivalents reported in the BRBR Form 4 have no fixed exercisable or expiration dates. They function as deferred compensation units that remain outstanding until they are ultimately distributed in BellRing common stock when the director retires from the Board.