Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NWL | Restricted Stock Units | Award | $0 | +7.08K | $0.00 | 7.08K | May 5, 2022 | Common Stock | 7.08K | Direct | F1, F2, F3 | ||
holding | NWL | Deferred RSU Phantom Stock | 29.8K | May 5, 2022 | Common Stock | 29.8K | Direct | F3, F4, F5, F6 |
Id | Content |
---|---|
F1 | Each restricted stock unit represents a contingent right to receive one share of Newell Brands Inc. common stock. |
F2 | The award shall vest in full upon the earlier of: (i) the first anniversary of the grant date of the award; or (ii) the date immediately preceding the date of the Company's 2023 annual meeting of its stockholders, provided the reporting person remains in continuous service on the Board until such date. |
F3 | N/A |
F4 | Represents vested awards of 27,560 restricted stock units ("RSUs") made in 2018, 2019, and 2020, pursuant to the Newell Rubbermaid Inc. 2013 Incentive Plan. The reporting person elected to defer settlement on the scheduled vesting date and the RSUs instead converted to an equal number of phantom stock units, in accordance with the Company's 2008 Deferred Compensation Plan ("DCP"). The phantom stock units will settle on a one for one basis for shares of the Company's Common Stock after the end of the reporting person's service on the Company's Board. |
F5 | The reporting person's phantom stock units will convert to shares of the Company's Common Stock on a one-for-one basis after the end of the reporting person's service on the Company's Board, in accordance with the DCP. |
F6 | The reported total includes 2,282.37 additional phantom stock units acquired by the reporting person since the date of his last report pursuant to a dividend reinvestment feature of the DCP. The additional phantom stock units acquired pursuant to the dividend reinvestment feature will be settled for cash after the end of the reporting person's service on the Company's Board. |