ERB THOMAS C 4

What Happened
Thomas C. Erb, a director of Post Holdings, received a grant/award of 106.07 stock-equivalent shares (derivative) on April 30, 2026. The award was priced at $104.75 per share for a reported value of $11,111. This was an award under the company’s non-management director deferred compensation plan, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-30
• Transaction type: Award/Grant (derivative stock equivalents) — 106.07 shares @ $104.75 = $11,111 (reported)
• Shares owned after transaction: Not specified in the Form 4 filing
• Footnotes of note:
  • F1: Director retainers are deferred into Post Holdings stock equivalents under the Deferred Compensation Plan; equivalents are credited soon after the retainer month and paid in cash one-for-one upon board separation.
  • F2: These stock equivalents have no fixed exercisable or expiration dates.
• Filing timeliness: Form 4 filed 2026-05-04 for a 2026-04-30 transaction (filed within the two-business-day SEC window).

Context
This was a routine director retainer deferral into stock equivalents rather than a market purchase or sale. Stock equivalents represent a deferred cash entitlement (paid in cash upon leaving the board) and do not necessarily reflect an immediate change in economic exposure like a purchase or sale would. For retail investors, such director deferrals are common compensation mechanics and are not direct indicators of personal bullish or bearish trading.