Judith A. Sprieser - 05 May 2023 Form 4 Insider Report for NEWELL BRANDS INC. (NWL)

Role
Director
Signature
/s/ Raj Dave, attorney-in-fact for Judith Sprieser
Issuer symbol
NWL
Transactions as of
05 May 2023
Net transactions value
$0
Form type
4
Filing time
09 May 2023, 16:48:46 UTC
Previous filing
03 Jun 2022
Next filing
18 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWL Common Stock Options Exercise $0 +7,082 +137% $0.000000 12,249 05 May 2023 Direct

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 -7,082 -50% $0.000000 7,082 05 May 2023 Common Stock 7,082 Direct F1, F2
holding NWL Deferred RSU Phantom Stock 30,618 05 May 2023 Common Stock 30,618 Direct F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Newell Brands Inc. common stock.
F2 N/A
F3 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 2008 Deferred Compensation Plan, as amended ("DCP").
F4 Includes vested awards of 26,642 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 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 reported total includes 3,975.73 phantom stock units acquired pursuant to a dividend reinvestment feature of the DCP, of which 1,835.61 phantom stock units were acquired by the Reporting Person since the date of her last report. The 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.