BellRing terminates severance plan, enters new severance agreements with top executives, awards equity to Chairman

BELLRING BRANDS, INC.

Terminated Executive Severance Plan on April 4, 2022; named executive officers previously participants.
New Severance and Change in Control Agreements with CEO, CFO, and four other executives.
CEO Davenport: 2x base+bonus (non-CIC) or 3x (CIC); other executives: 1x or 2x; COBRA periods up to 36 months.
Executive Chairman Vitale granted 100k RSUs and 300k PRSUs; lock-up on 50% of shares for 5 years.
Technical amendments to Director Deferred Compensation Plan and 2019 LTIP to reflect post-distribution capital structure.

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