JOHNSON JENNIFER KUPERMAN 4

What Happened
Jennifer K. Johnson, a director of BellRing Brands, reported a grant (derivative acquisition) of 1,916.257 common stock equivalents on 2026-03-31. The filing values the award at $16.09 per share, for a total of about $30,833. This transaction reflects deferred director compensation credited as stock equivalents rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-31; SEC filing date: 2026-04-02.
• Transaction type/code: Grant/Award (A) — 1,916.257 shares at $16.09 per share (derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: (F1) The director’s retainer is deferred into common stock equivalents under the Issuer’s Deferred Compensation Plan and will be distributed one-for-one as common stock upon the director’s retirement from the board. (F2) The stock equivalents have no fixed exercisable or expiration dates.
• No 10b5-1 plan or tax-withholding note is indicated in this Form 4.

Context
This is a compensation-related grant of stock equivalents (deferred pay) rather than a cash purchase or sale. Such awards are routine for board compensation and do not necessarily reflect immediate buying/selling sentiment since the equivalents are distributed upon retirement and have no fixed exercise/expiration terms.