Ravichandra K. Saligram - Oct 2, 2022 Form 4 Insider Report for NEWELL BRANDS INC. (NWL)

Role: Chief Executive Officer, Director
Signature: /s/ Raj Dave, Attorney in Fact for Ravichandra K. Saligram
Stock symbol: NWL
Transactions as of: Oct 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/4/2022, 04:21 PM
Previous filing: Jul 1, 2022
Next filing: Feb 13, 2023

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	+444K	+50%	$0.00	1.33M	Oct 2, 2022	Common Stock	444K	$17.79	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On October 2, 2019 (the "Grant Date"), the Reporting Person was granted an award of 1,333,333 options. The option award vested in three (3) equal installments on the 18 month, second and third anniversaries of the Grant Date after the satisfaction of the following performance condition: 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 must exceed 125% of the closing stock price of the Company's common stock on July 29, 2019 (the "Performance Criteria"). As previously reported, the Performance Criteria were met and the first and second installments of 444,444 options each, have vested and became exercisable. The third installment, consisting of 444,445 options, vested and became exercisable on October 2, 2022.
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, and shall instead expire on the third anniversary of the later of the Reporting Person's: (1) termination of employment or (ii) applicable vesting date, provided that any such date shall occur prior to the tenth anniversary of the Grant Date.

Content

On October 2, 2019 (the "Grant Date"), the Reporting Person was granted an award of 1,333,333 options. The option award vested in three (3) equal installments on the 18 month, second and third anniversaries of the Grant Date after the satisfaction of the following performance condition: 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 must exceed 125% of the closing stock price of the Company's common stock on July 29, 2019 (the "Performance Criteria"). As previously reported, the Performance Criteria were met and the first and second installments of 444,444 options each, have vested and became exercisable. The third installment, consisting of 444,445 options, vested and became exercisable on October 2, 2022.

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, and shall instead expire on the third anniversary of the later of the Reporting Person's: (1) termination of employment or (ii) applicable vesting date, provided that any such date shall occur prior to the tenth anniversary of the Grant Date.