Bradford R. Turner - May 14, 2021 Form 4 Insider Report for NEWELL BRANDS INC. (NWL)

Role
Chief Legal & Admin Off & C.S.
Signature
/s/ Raj Dave, Attorney-in-Fact for Bradford R. Turner
Stock symbol
NWL
Transactions as of
May 14, 2021
Transactions value $
$0
Form type
4
Date filed
5/18/2021, 04:16 PM
Next filing
Feb 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWL Common Stock Options Exercise $0 +8.86K +11.05% $0.00 89K May 14, 2021 Direct F1
transaction NWL Common Stock Tax liability $0 -4K -4.49% $0.00 85K May 14, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NWL Restricted Stock Units Options Exercise $0 -8.86K -100% $0.00* 0 May 14, 2021 Common Stock 8.86K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of the third and final tranche of the total number of restricted stock units granted on May 15, 2018 pursuant to a performance-based grant, as described in footnote 4, below.
F2 Withholding of shares to cover taxes on the vesting was calculated based on the closing stock price for the Company's common stock on the transaction date.
F3 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F4 Represents the vesting of the third and final tranche of a performance-based restricted stock unit award granted on May 15, 2018. By its terms, the award vested ratably in one-third increments on the first, second and third anniversaries of the award date provided that: (i) the reporting person remained continuously employed by the Company; and (ii) certain performance criteria related to cost savings and completion of previously announced divestiture programs were satisfied. Unexpired portions of the award were subject to earlier vesting without regard to achievement of the performance criteria in the event of death or disability. Unexpired portions of the award were subject to vesting pro rata, based on time in service, and without regard to achievement of the performance criteria, in the event of retirement.
F5 If the relevant performance criteria were not met, each tranche would have expired on the applicable anniversary date.