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

Bellring Brands (BRBR)

CEO Darcy Horn Davenport was paid $6,563,539 in fiscal year 2025, ↓ down 33.7% from fiscal year 2024, the 70th percentile of its disclosed peer group (SEC filing 0001193125-25-320827 ↗): 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
70th
CEO pay percentile vs peers
48:1
CEO-to-median pay ratio
82.61%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Darcy Horn Davenport (President and Chief Executive Officer), FY2025 total compensation $6,563,539 (base salary $950,025) [exec_comp, SEC accession 0001193125-25-320827, filed 2025-12-16]

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BRBR's next annual pay disclosure, estimated December 15, 2026.est. Filing ↗

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 FY2024→2025
Darcy Horn Davenport$6,563,539$9,901,653$6,801,904↓ −3,338,114
Paul Rode1,697,5793,071,2501,878,828↓ −1,373,671
Douglas Cornille1,548,8202,790,4531,695,133↓ −1,241,633
Craig Rosenthal1,390,5142,372,6771,459,178↓ −982,163
Robin Singh1,177,8701,903,075861,566↓ −725,205

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

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Companies that benchmark against BRBR
17 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.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Craig RosenthalGeneral Counsel$1,390,514
Darcy Horn DavenportCEO$6,563,539
Paul RodeCFO$1,697,579
Douglas CornilleChief Growth Officer$1,548,820
Robin SinghExecutive$1,177,870
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Chonda J. NwamuIndependent Director$256,653
Elliot H. Stein JrIndependent Director$263,433
Jennifer Kuperman JohnsonIndependent Director$253,319
Robert V. VitaleChair of the Board$309,985
Shawn W. ConwayIndependent Director$257,763
Thomas P. EricksonLead Independent Director$284,429
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
Robin SinghPSU2024-11-072,7865,5721,30614,487$450,000
Darcy Horn DavenportPSU2024-11-0727,24554,48912,773141,6714,400,000
Douglas CornillePSU2024-11-074,2118,4211,97421,895680,000
Craig RosenthalPSU2024-11-073,8707,7391,81420,121625,000
Paul RodePSU2024-11-074,7999,5972,24924,952775,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Robin Singh$0$450,000$0100.0%
Darcy Horn Davenport04,400,0000100.0%
Douglas Cornille0680,0000100.0%
Craig Rosenthal0625,0000100.0%
Paul Rode0775,0000100.0%

% 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 DavenportRSU293,295—10,661,273
Paul RodeRSU77,968—2,834,137
Douglas CornilleRSU70,717—2,570,563
Paul RodeRSU62,569—2,274,383
Craig RosenthalRSU59,976—2,180,238
Douglas CornilleRSU54,971—1,998,196
Craig RosenthalRSU46,924—1,705,687
Darcy Horn DavenportRSU45,209—1,643,347
Robin SinghPSU44,982—1,635,096
Darcy Horn DavenportRSU27,245—990,356
Paul RodeRSU13,993—508,646
Douglas CornilleRSU12,917—469,533
Darcy Horn DavenportRSU12,773—464,299
Craig RosenthalRSU10,764—391,271
Robin SinghRSU8,611—313,010
Robin SinghRSU7,112—258,521
Douglas CornilleRSU4,211—153,070
Paul RodeRSU4,799—174,444
Craig RosenthalRSU3,870—140,675
Robin SinghPSU2,786—101,271
Paul RodeRSU2,249—81,751
Douglas CornilleRSU1,974—71,755
Craig RosenthalRSU1,814—65,939
Robin SinghRSU1,306—47,431
05

Incentive-plan design — the Compensation Discussion & Analysis

The company's compensation philosophy is designed to be aligned with stockholder interests, with management's objective to maximize total stockholder return. The structure balances fixed compensation with performance-based incentives, focusing on financial metrics that drive value and long-term stock price performance through equity awards.

CEO STI target (% of salary)NaN%
CEO LTI target (% of salary)—
Independent consultantAon
Clawback policyThe company has an executive compensation clawback policy that allows the Committee to recoup incentive compensation paid to current or former executive officers during the three-year period preceding a restatement if the restatement corrects a material error or would constitute a material misstatement.
Anti-hedgingThe company prohibits directors and executive officers from engaging in derivative or hedging transactions in the Company's securities.
Anti-pledgingThe company prohibits directors and executive officers from pledging, hypothecating or otherwise encumbering the Company's common stock or other equity securities as collateral for indebtedness, including holding such securities in a margin account.
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$131,250$134,989$0—$43,746$309,985
Thomas P. EricksonIndependent · Lead Independent Director112,083134,9890—37,357284,429
Elliot H. Stein JrIndependent120,417134,9890—8,027263,433
Shawn W. ConwayIndependent92,083134,9890—30,691257,763
Chonda J. NwamuIndependent91,250134,9890—30,414256,653
Jennifer Kuperman JohnsonIndependent88,750134,9890—29,580253,319
Darcy Horn DavenportEmployee director—————0
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 / 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.

10d

Frequently asked questions

Who was the highest-paid executive at Bellring Brands in fiscal 2025?
As disclosed, Darcy Horn Davenport (President and Chief Executive Officer) was the highest-paid executive at Bellring Brands in fiscal 2025, with total compensation of $6,563,539.
How does Bellring Brands's chief executive pay compare to its disclosed peer group?
As disclosed, Darcy Horn Davenport's total compensation ranked at the 70th percentile of Bellring Brands's disclosed peer group.
What is Bellring Brands's CEO-to-median employee pay ratio?
As disclosed, Bellring Brands's CEO-to-median employee pay ratio was 48:1.
How did shareholders vote on Bellring Brands's executive compensation?
As disclosed, 82.61% of shareholders supported Bellring Brands's executive compensation in the latest say-on-pay vote.
How much does Bellring Brands spend in total on board compensation for fiscal 2025?
As disclosed, Bellring Brands reported total board compensation of $1,625,582 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

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, Robin Singh PSUDEF 14A1900-01-010001193125-25-320827Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 457069–457076
7Section 03, Darcy Horn Davenport PSUDEF 14A1900-01-010001193125-25-320827Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 450845–450854
8Section 03, Douglas Cornille PSUDEF 14A1900-01-010001193125-25-320827Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 454020–454027
9Section 03, Craig Rosenthal PSUDEF 14A1900-01-010001193125-25-320827Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 455536–455543
10Section 03, Paul Rode PSUDEF 14A1900-01-010001193125-25-320827Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 452478–452485
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 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
23Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
24Section 09b board cost (computed)Computed——Cash 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
25Bellring 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