CONWAY SHAWN 4

What Happened

• Shawn Conway, a director of BellRing Brands, received a grant of 2,071.627 Common Stock equivalents (transaction code A) valued at $16.09 each, total value $33,332, on March 31, 2026. This award reflects deferred director compensation credited as stock equivalents rather than a cash payout.

Key Details

• Transaction date and price: 2026-03-31; 2,071.627 shares @ $16.09 each.
• Total reported value: $33,332 (derivative award, not an open-market purchase).
• Amount owned after the transaction: not specified in the filing.
• Footnotes: The award represents deferred retainer compensation credited as Common Stock equivalents under BellRing’s Deferred Compensation Plan for Directors; equivalents are credited quarterly and will be distributed one-for-one in Issuer Common Stock upon the reporting person’s retirement from the board (no fixed exercise or expiration dates).
• Filing: Form 4 filed Apr 2, 2026 (as reported in the SEC filing accession).

Context

• This was a non-cash, routine director compensation credit (stock equivalents), not a market purchase or sale. Such grants are common for directors and do not necessarily indicate a change in the director’s market view of the company. The equivalents are derivative in nature and will convert to actual shares only upon specified distribution (retirement from the board).