Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-02-02

Bellring Brands (BRBR)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,563,539
Darcy Horn Davenport total, FY2025
CEO pay percentile vs peers
48:1
CEO-to-median pay ratio
82.61%
Say-on-pay support, latest vote
Companies that benchmark against BRBR
8 companies name BRBR as a compensation peer

Each company listed discloses BRBR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BRBR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Darcy Horn Davenport$950,025$0$4,400,000$0$1,055,715$93,289$64,510$6,563,539
President and Chief Executive Officer
Paul Rode525,0000775,0000350,04421,73325,8021,697,579
Chief Financial Officer
Douglas Cornille501,4000680,0000334,30913,95819,1531,548,820
Chief Growth Officer
Craig Rosenthal470,0330625,0000271,609023,8721,390,514
Chief Legal Officer, Chief Compliance Officer and Secretary
Robin Singh440,0000450,0000265,694022,1761,177,870
Chief Supply Chain Officer - Premier Nutrition

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Darcy Horn Davenport$6,563,539
Paul Rode1,697,579
Douglas Cornille1,548,820
Craig Rosenthal1,390,514
Robin Singh1,177,870

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Douglas CornillePSU2024-11-074,2118,42121,895$680,000
Darcy Horn DavenportPSU2024-11-0727,24554,489141,6714,400,000
Paul RodePSU2024-11-074,7999,59724,952775,000
Craig RosenthalPSU2024-11-073,8707,73920,121625,000
Robin SinghPSU2024-11-072,7865,57214,487450,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Douglas Cornille$0$680,000$0100.0%
Darcy Horn Davenport04,400,0000100.0%
Paul Rode0775,0000100.0%
Craig Rosenthal0625,0000100.0%
Robin Singh0450,0000100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Darcy Horn DavenportRSU323,874$11,772,820
Darcy Horn DavenportRSU293,29510,661,273
Paul RodeRSU77,9682,834,137
Douglas CornilleRSU70,7172,570,563
Paul RodeRSU62,5692,274,383
Craig RosenthalRSU59,9762,180,238
Douglas CornilleRSU54,9711,998,196
Craig RosenthalRSU46,9241,705,687
Darcy Horn DavenportRSU45,2091,643,347
Robin SinghPSU44,9821,635,096
Darcy Horn DavenportRSU27,245990,356
Paul RodeRSU13,993508,646
Douglas CornilleRSU12,917469,533
Darcy Horn DavenportRSU12,773464,299
Craig RosenthalRSU10,764391,271
Robin SinghRSU8,611313,010
Robin SinghRSU7,112258,521
Douglas CornilleRSU4,211153,070
Paul RodeRSU4,799174,444
Craig RosenthalRSU3,870140,675
Robin SinghPSU2,786101,271
Paul RodeRSU2,24981,751
Douglas CornilleRSU1,97471,755
Craig RosenthalRSU1,81465,939
Robin SinghRSU1,30647,431
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policy
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-01-2877,493,24216,312,005301,34782.61%Passed
20252025-01-28100,918,7254,058,686193,11596.13%Passed
20242024-01-31116,481,8762,296,970158,85098.07%Passed
20232023-02-06115,433,1491,486,42867,64298.73%Passed
20222022-02-11111,146,734785,89975,53699.3%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-01-2882.61%a
20252025-01-2896.13%b
20242024-01-3198.07%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)48 : 1
CEO total compensation
Median employee compensation$137,702
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Robert V. VitaleNot independent · Board Chair · Board (Chair) · Executive (Chair)$131,250$134,989$0$43,746$309,985
Thomas P. EricksonIndependent · Lead Independent Director · Board · Audit (Chair) · Corporate Governance and Compensation · Executive · Compensation112,083134,989037,357284,429
Elliot H. Stein JrIndependent · Board · Audit · Executive120,417134,98908,027263,433
Shawn W. ConwayIndependent · Board · Corporate Governance and Compensation (Chair) · Compensation (Chair)92,083134,989030,691257,763
Chonda J. NwamuIndependent · Board · Audit91,250134,989030,414256,653
Jennifer Kuperman JohnsonIndependent · Board · Corporate Governance and Compensation · Executive · Compensation88,750134,989029,580253,319
Darcy Horn DavenportEmployee director · Board0
09

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$135,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000
Stock ownership guidelineWe maintain stock ownership guidelines applicable to all non-management directors. See Other Compensation Policies - Stock Ownership Guidelines under Compensation Discussion for more details.
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$635,833
Equity awards (grant-date value)$809,934
All other compensation$179,815
Total cost of the board$1,625,582

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Bellring Brands2025Darcy Horn Davenport$950,025$4,400,000$0$1,055,715$6,563,539

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Darcy Horn DavenportDEF 14A2025-12-160001193125-25-320827Section “Summary Compensation Table”. As printed: 6,563,539. Filing ↗machine: r3 · c35 · span 516110–516119
2Section 01, Paul RodeDEF 14A2025-12-160001193125-25-320827Section “Summary Compensation Table”. As printed: 1,697,579. Filing ↗machine: r7 · c35 · span 524626–524635
3Section 01, Douglas CornilleDEF 14A2025-12-160001193125-25-320827Section “Summary Compensation Table”. As printed: 1,548,820. Filing ↗machine: r11 · c35 · span 533101–533110
4Section 01, Craig RosenthalDEF 14A2025-12-160001193125-25-320827Section “Summary Compensation Table”. As printed: 1,390,514. Filing ↗machine: r15 · c35 · span 541603–541612
5Section 01, Robin SinghDEF 14A2025-12-160001193125-25-320827Section “Summary Compensation Table”. As printed: 1,177,870. Filing ↗machine: r19 · c35 · span 550107–550116
6Section 03, Douglas Cornille PSUDEF 14A2025-12-160001193125-25-320827Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 454020–454027
7Section 03, Darcy Horn Davenport PSUDEF 14A2025-12-160001193125-25-320827Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 450845–450854
8Section 03, Paul Rode PSUDEF 14A2025-12-160001193125-25-320827Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 452478–452485
9Section 03, Craig Rosenthal PSUDEF 14A2025-12-160001193125-25-320827Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 455536–455543
10Section 03, Robin Singh PSUDEF 14A2025-12-160001193125-25-320827Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 457069–457076
11Section 07, pay ratioDEF 14A2025-12-160001193125-25-320827Section “CEO Pay Ratio”. As printed: 48 : 1. Filing ↗
12Section 08, Robert V. VitaleDEF 14A2025-12-160001193125-25-320827Section “Director Compensation”. As printed: 309,985. Filing ↗machine: span 789682–789689
13Section 08, Thomas P. EricksonDEF 14A2025-12-160001193125-25-320827Section “Director Compensation”. As printed: 284,429. Filing ↗machine: span 794817–794824
14Section 08, Elliot H. Stein JrDEF 14A2025-12-160001193125-25-320827Section “Director Compensation”. As printed: 263,433. Filing ↗machine: span 802516–802523
15Section 08, Shawn W. ConwayDEF 14A2025-12-160001193125-25-320827Section “Director Compensation”. As printed: 257,763. Filing ↗machine: span 792235–792242
16Section 08, Chonda J. NwamuDEF 14A2025-12-160001193125-25-320827Section “Director Compensation”. As printed: 256,653. Filing ↗machine: span 799958–799965
17Section 08, Jennifer Kuperman JohnsonDEF 14A2025-12-160001193125-25-320827Section “Director Compensation”. As printed: 253,319. Filing ↗machine: span 797380–797387
18Section 08, Darcy Horn DavenportDEF 14A2025-12-160001193125-25-320827Section “Director Compensation”. As printed: 0. Filing ↗
19Section 06, 2026 voteForm 8-K2026-02-020001628280-26-004642Item 5.07 · say-on-pay result. As reported: 82.61% (votes for as printed: 77,493,242). Filing ↗
20Section 06, 2025 voteForm 8-K2025-01-310001193125-25-018382Item 5.07 · say-on-pay result. As reported: 96.13% (votes for as printed: 100,918,725). Filing ↗
21Section 06, 2024 voteForm 8-K2024-02-050001772016-24-000027Item 5.07 · say-on-pay result. As reported: 98.07% (votes for as printed: 116,481,876). Filing ↗
22Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
23Section 09b board cost (computed)ComputedcomputedCash 635,833 + equity 809,934 + all other 179,815 = 1,625,582, summed across the director compensation table rows.machine: formula: Σ = 1,625,582
24Bellring Brands (subject), Section 10b CEO totalDEF 14A2025-12-160001193125-25-320827CEO total compensation as printed in Bellring Brands's own proxy. As printed: 6,563,539. Filing ↗machine: r3 · c35 · span 516110–516119