Ravichandra K. Saligram - Oct 2, 2019 Form 4/A - Amendment Insider Report for NEWELL BRANDS INC. (NWL)

Role: President and CEO, Director
Signature: /s/ Raj Dave, Attorney in Fact for Ravichandra K. Saligram
Stock symbol: NWL
Transactions as of: Oct 2, 2019
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 6/9/2021, 04:15 PM
Date Of Original Report: Oct 4, 2019
Next filing: Jun 15, 2021

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	Options (Right to Buy)	Award	$0	+1.33M		$0.00	1.33M	Oct 2, 2019	Common Stock	1.33M	$17.79	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person becomes eligible for vesting of the entire option award when the Company's closing stock price (as reported on the Nasdaq Stock Exchange) for any 30 continuous calendar day period between the 18 calendar month and third anniversary of the grant date exceeds 125% of the closing stock price of the Company's common stock on July 29, 2019 (the "Performance Criteria"). Upon the Performance Criteria being met, the options shall vest and become exercisable in 3 equal installments on the 18 month, second and third anniversaries of the Reporting Person's grant date. If the Performance Criteria are not satisfied as of any of the aforementioned vesting dates, then vesting for the portion of the option otherwise scheduled to vest on such vesting date will occur on the fifth business day following the date on which the Performance Criteria are satisfied.
F2	Options expire on the tenth anniversary of the grant date. If the Reporting Person's employment with the Company terminates due to death, disability or retirement, then the options shall continue to vest as stated above, subject to the Performance Criteria, and shall instead expire on the third anniversary of the later of the Reporting Person's: (i) termination of employment or (ii) applicable vesting date, provided that any such date shall occur prior to the tenth anniversary of the grant date.
F3	This Form 4 is being amended to report that the Company's Compensation and Human Capital Committee certified that the Performance Criteria for the above-reported option grant have been met. Accordingly, the first installment of the above-referenced option grant, consisting of 444,444 options, vested pursuant to the terms of the grant agreement. The vested options remain unexercised.