KEMPER DAVID W 4

What Happened
David W. Kemper, a director of Post Holdings, was credited on 2026-03-31 with 174.204 stock equivalents (derivative securities) at an imputed price of $98.86 each, valued at approximately $17,222. This transaction is recorded as an award/acquisition (code A) under the company's deferred compensation arrangements for non-management directors — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (within the typical 2-business-day reporting window).
• Quantity and value: 174.204 stock equivalents @ $98.86 = ~$17,222.
• Transaction type/code: Award / Acquisition (derivative stock equivalents).
• Shares owned after transaction: Not reported on this Form 4.
• Footnotes: (F1) Retainers for directors are deferred into Post stock equivalents and are credited promptly after the month earned; value is paid in cash one-for-one upon separation. (F2) These stock equivalents have no fixed exercise or expiration dates.

Context
This is a routine compensation-related credit under the company's Deferred Compensation Plan for Non-Management Directors, not an indication of a market buy or sell. Stock equivalents are derivative accounting credits (converted to cash on departure from the board) rather than immediately tradable shares.