BURWELL DOROTHY M 4

What Happened
Dorothy M. Burwell, a director of Post Holdings, received a grant of 104.523 stock equivalents (reported as a derivative acquisition) on 2026-02-27. The grant is recorded at $106.30 per share, representing a total value of $11,111. This was a deferred-compensation credit rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-27; Filing date: 2026-03-03.
• Instrument: 104.523 stock equivalents (derivative acquisition, code A). Price used: $106.30; total reported value: $11,111.
• Shares owned after transaction: Not reported in the filing.
• Footnote F1: The amount represents director retainer compensation deferred into Post Holdings stock equivalents under the company’s Deferred Compensation Plan for Non-Management Directors; value is paid in cash upon leaving the board.
• Footnote F2: These stock equivalents have no fixed exercisable or expiration dates.
• This is not a market buy or sale—it's compensation credited as stock equivalents (not an immediate equity stake sale/exercise).

Context
Deferred-compensation credits for non-management directors are routine and reflect board retainer deferrals, not necessarily a directional signal about the insider’s view of the stock. Because the award is in stock equivalents that are paid out in cash upon separation, it differs from a direct purchase of shares or an exercised option that results in immediate equity ownership.