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Companies Bellring Brands

Bellring Brands (BRBR): executive pay, fiscal 2025

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CEO total pay$6,563,539CEO Darcy Horn Davenport · source
Say-on-pay support82.61%Latest vote · source
CEO vs. named peers64th pct.Of 14 peer CEOs
CEO pay ratio48:1To the median employee · source

CEO pay, last three years

  • $6,801,904FY2023
  • $9,901,653FY2024
  • $6,563,539FY2025

CEO total pay was $6,563,539 in fiscal 2025, down from $9,901,653 in fiscal 2024.

FY2025: salary $950,025 · bonus $0 · stock awards $4,400,000 · option awards $0

Executives and directors

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 64th 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.

Full detail

Every table from the filing. Open any section.

Summary compensation table
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.

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.
Equity grants and outstanding awards

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

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.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Robin SinghRSU1,306—$47,431
Craig RosenthalRSU1,814—65,939
Douglas CornilleRSU1,974—71,755
Paul RodeRSU2,249—81,751
Robin SinghPSU2,786—101,271
Craig RosenthalRSU3,870—140,675
Douglas CornilleRSU4,211—153,070
Paul RodeRSU4,799—174,444
Robin SinghRSU7,112—258,521
Robin SinghRSU8,611—313,010
Craig RosenthalRSU10,764—391,271
Darcy Horn DavenportRSU12,773—464,299
Douglas CornilleRSU12,917—469,533
Paul RodeRSU13,993—508,646
Darcy Horn DavenportRSU27,245—990,356
Robin SinghPSU44,982—1,635,096
Darcy Horn DavenportRSU45,209—1,643,347
Craig RosenthalRSU46,924—1,705,687
Douglas CornilleRSU54,971—1,998,196
Craig RosenthalRSU59,976—2,180,238
Paul RodeRSU62,569—2,274,383
Douglas CornilleRSU70,717—2,570,563
Paul RodeRSU77,968—2,834,137
Darcy Horn DavenportRSU293,295—10,661,273
Darcy Horn DavenportRSU323,874—11,772,820
Director compensation
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

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.

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.

Peer group, and who names Bellring Brands as a peer

Companies that benchmark against BRBR

17 companies name BRBR as a compensation peer

The list of companies that name BRBR as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Bellring Brands names as compensation peers that name it back in their own disclosed peer groups.

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
1Lamb Weston Holdings, Inc.2026Michael Smith$1,000,000$5,704,557$7,379,936$1,830,000$16,004,614
2WW International, Inc.2025Tara Comonte1,500,0015,901,4500012,681,801
3Treehouse Foods, Inc.2024Steven Oakland1,102,0007,069,378008,305,103
4Flowers Foods, Inc.2025A. Ryals McMullian1,041,7305,735,8420733,5247,776,698
5Bellring Brands2025Darcy Horn Davenport950,0254,400,00001,055,7156,563,539
6Medifast, Inc.2025Daniel Chard1,000,0004,567,664005,584,551
7B&G Foods, Inc.2025Kenneth Keller1,224,2582,625,8640710,4374,589,619
8The Hain Celestial Group, Inc.2025Wendy Davidson789,8083,530,682004,546,417
9Utz Brands, Inc.2025Howard Friedman968,2892,699,0440609,9364,391,269
10The Simply Good Foods Company2025Geoff Tanner816,6672,747,758—748,0004,330,633
11J&J Snack Foods Corp.2025Daniel Fachner1,021,9232,059,9740834,3003,978,648
12Calavo Growers, Inc.2024Lecil Cole66,16000077,760
—Lancaster Colony Corporation——————not in coverage universe

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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Bellring Brands88.9% of target for corporate level NEOs; 92.9% of target for business unit level NEO (Mr. Singh).%PRSUs 80 · RSUs 20Yes — Relative TSRAon
B&G Foods, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners
Calavo Growers, Inc.not disclosednot disclosednot disclosedPay Governance LLC
Flowers Foods, Inc.56.3%PSU 70 · RSU 30Yes — TSR vs. Peer GroupMeridian Compensation Partners, LLC
J&J Snack Foods Corp.not disclosednot disclosednot disclosednot disclosed
Lamb Weston Holdings, Inc.122%RSU 40 · PSU 30 · Options 30Yes — Relative TSRF.W. Cook
Lancaster Colony Corporationnot disclosednot disclosednot disclosednot disclosed
Medifast, Inc.not disclosednot disclosednot disclosednot disclosed
The Hain Celestial Group, Inc.not disclosedRSU 50 · PSU 50Yes — Relative TSR versus the S&P Food & Beverage Select Industry IndexClearBridge Compensation Group, LLC
The Simply Good Foods Companynot disclosednot disclosednot disclosedMercer
Treehouse Foods, Inc.not disclosedRSU 50 · PSU 50not disclosedPay Governance LLC
Utz Brands, Inc.not disclosednot disclosednot disclosedF.W. Cook
WW International, Inc.not disclosednot disclosednot disclosedLyons, Benenson & Company Inc.

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
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.

CEO pay ratio

Ratio (CEO : median employee)48 : 1
CEO total compensation$6,583,496
Median employee compensation$137,702
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (41 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Darcy Horn Davenport. DEF 14A, filed 2025-12-16. Section “Summary Compensation Table” · page 44. As printed: 6,563,539. View filing ↗
  • Section 01, Paul Rode. DEF 14A, filed 2025-12-16. Section “Summary Compensation Table”. As printed: 1,697,579. View filing ↗
  • Section 01, Douglas Cornille. DEF 14A, filed 2025-12-16. Section “Summary Compensation Table”. As printed: 1,548,820. View filing ↗
  • Section 01, Craig Rosenthal. DEF 14A, filed 2025-12-16. Section “Summary Compensation Table”. As printed: 1,390,514. View filing ↗
  • Section 01, Robin Singh. DEF 14A, filed 2025-12-16. Section “Summary Compensation Table”. As printed: 1,177,870. View filing ↗
  • Section 03, Robin Singh PSU. DEF 14A, filed 2025-12-16. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Darcy Horn Davenport PSU. DEF 14A, filed 2025-12-16. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Douglas Cornille PSU. DEF 14A, filed 2025-12-16. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Craig Rosenthal PSU. DEF 14A, filed 2025-12-16. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Paul Rode PSU. DEF 14A, filed 2025-12-16. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2025-12-16. Section “CEO Pay Ratio”. As printed: 48 : 1. View filing ↗
  • Section 08, Robert V. Vitale. DEF 14A, filed 2025-12-16. Section “Director Compensation”. As printed: 309,985. View filing ↗
  • Section 08, Thomas P. Erickson. DEF 14A, filed 2025-12-16. Section “Director Compensation”. As printed: 284,429. View filing ↗
  • Section 08, Elliot H. Stein Jr. DEF 14A, filed 2025-12-16. Section “Director Compensation”. As printed: 263,433. View filing ↗
  • Section 08, Shawn W. Conway. DEF 14A, filed 2025-12-16. Section “Director Compensation”. As printed: 257,763. View filing ↗
  • Section 08, Chonda J. Nwamu. DEF 14A, filed 2025-12-16. Section “Director Compensation”. As printed: 256,653. View filing ↗
  • Section 08, Jennifer Kuperman Johnson. DEF 14A, filed 2025-12-16. Section “Director Compensation”. As printed: 253,319. View filing ↗
  • Section 08, Darcy Horn Davenport. DEF 14A, filed 2025-12-16. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-02-02. Item 5.07 · say-on-pay result. As reported: 82.61% (votes for as printed: 77,493,242). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-01-31. Item 5.07 · say-on-pay result. As reported: 96.13% (votes for as printed: 100,918,725). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-02-05. Item 5.07 · say-on-pay result. As reported: 98.07% (votes for as printed: 116,481,876). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 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).
  • Section 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.
  • Lamb Weston Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-30. CEO total compensation as printed in Lamb Weston Holdings, Inc.'s own proxy. As printed: 16,004,614. View filing ↗
  • WW International, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in WW International, Inc.'s own proxy. As printed: 12,681,801. View filing ↗
  • Treehouse Foods, Inc., Section 10b CEO total. DEF 14A, filed 2025-03-13. CEO total compensation as printed in Treehouse Foods, Inc.'s own proxy. As printed: 8,305,103. View filing ↗
  • Flowers Foods, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-14. CEO total compensation as printed in Flowers Foods, Inc.'s own proxy. As printed: 7,776,698. View filing ↗
  • Bellring Brands (subject), Section 10b CEO total. DEF 14A, filed 2025-12-16. CEO total compensation as printed in Bellring Brands's own proxy. As printed: 6,563,539. View filing ↗
  • Medifast, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Medifast, Inc.'s own proxy. As printed: 5,584,551. View filing ↗
  • B&G Foods, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in B&G Foods, Inc.'s own proxy. As printed: 4,589,619. View filing ↗
  • The Hain Celestial Group, Inc., Section 10b CEO total. DEF 14A, filed 2025-09-18. CEO total compensation as printed in The Hain Celestial Group, Inc.'s own proxy. As printed: 4,546,417. View filing ↗
  • Utz Brands, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Utz Brands, Inc.'s own proxy. As printed: 4,391,269. View filing ↗
  • The Simply Good Foods Company, Section 10b CEO total. DEF 14A, filed 2025-12-17. CEO total compensation as printed in The Simply Good Foods Company's own proxy. As printed: 4,330,633. View filing ↗
  • J&J Snack Foods Corp., Section 10b CEO total. DEF 14A, filed 2026-01-02. CEO total compensation as printed in J&J Snack Foods Corp.'s own proxy. As printed: 3,978,648. View filing ↗
  • Calavo Growers, Inc., Section 10b CEO total. DEF 14A, filed 2025-02-28. CEO total compensation as printed in Calavo Growers, Inc.'s own proxy. As printed: 77,760. View filing ↗
  • Section 10a, The Hain Celestial Group, Inc. reciprocity. DEF 14A. The Hain Celestial Group, Inc. names Bellring Brands in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Utz Brands, Inc. reciprocity. DEF 14A. Utz Brands, Inc. names Bellring Brands in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Lamb Weston Holdings, Inc. reciprocity. DEF 14A. Lamb Weston Holdings, Inc. names Bellring Brands in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, B&G Foods, Inc. reciprocity. DEF 14A. B&G Foods, Inc. names Bellring Brands in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, The Simply Good Foods Company reciprocity. DEF 14A. The Simply Good Foods Company names Bellring Brands in its own disclosed peer group (read from its most recent proxy). View filing ↗
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