Christopher H. Peterson - Feb 17, 2023 Form 4 Insider Report for NEWELL BRANDS INC. (NWL)

Role: President
Signature: /s/ Raj Dave, attorney-in-fact for Christopher H. Peterson
Stock symbol: NWL
Transactions as of: Feb 17, 2023
Transactions value $: -$246,372
Form type: 4
Date filed: 2/22/2023, 03:31 PM
Previous filing: Jun 17, 2022
Next filing: May 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NWL	Common Stock	Options Exercise	$0	+54.5K	+20.29%	$0.00	323K	Feb 17, 2023	Direct	F1
transaction	NWL	Common Stock	Tax liability	-$246K	-16.5K	-5.12%	$14.90	306K	Feb 17, 2023	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	-54.5K	-100%	$0.00^*	0	Feb 17, 2023	Common Stock	54.5K		Direct	F3, F4, F5
transaction	NWL	Restricted Stock Units	Award	$0	+124K		$0.00	124K	Feb 17, 2023	Common Stock	124K		Direct	F6, F7, F8

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

Explanation of Responses:

Id	Content
F1	The Company's Compensation and Human Capital Committee certified partial achievement of the pre-established performance goals resulting in the vesting of the Reporting Person's target shares. The terms of the Reporting Person's Performance-Based Restricted Stock Units ("PRSU") provided for the payout of 0% to 200% of the original grant based on the actual achievement of performance metrics related to core sales growth and cumulative free cash flow between January 1, 2020, and December 31, 2022.
F2	Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 17, 2023.
F3	Each PRSU represents the right to receive, following vesting, between 0% and 200% percent of one share of the Company's common stock.
F4	Each PRSU represents the right to receive, following vesting, between 0% and 200% of one share of the Company's common stock based upon the achievement of pre-established performance metrics related to core sales growth and cumulative free cash flow over a three (3) year period between January 1, 2020, and December 31, 2022, and certification of such performance by the Company's Compensation and Human Capital Committee following the conclusion of the performance period.
F5	If and to the extent the relevant performance criteria are not met, the PRSU expires on the third anniversary of the grant date with a payout of 0%.
F6	Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F7	The restricted stock unit vests ratably in one-third increments on the grant date's first, second, and third anniversaries, subject to the Reporting Person's continuous employment with the Company.
F8	N/A