Bradford R. Turner - 16 Feb 2024 Form 4 Insider Report for NEWELL BRANDS INC. (NWL)

Signature
Bradford R. Turner
Issuer symbol
NWL
Transactions as of
16 Feb 2024
Net transactions value
-$127,598
Form type
4
Filing time
21 Feb 2024, 16:11:13 UTC
Previous filing
01 Nov 2023
Next filing
27 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWL Common Stock Options Exercise $0 +14,097 +9.3% $0.000000 166,460 16 Feb 2024 Direct F1
transaction NWL Common Stock Tax liability $36,064 -4,702 -2.8% $7.67 161,758 16 Feb 2024 Direct F2
transaction NWL Common Stock Options Exercise $0 +16,919 +10% $0.000000 178,677 16 Feb 2024 Direct
transaction NWL Common Stock Tax liability $38,726 -5,049 -2.8% $7.67 173,628 16 Feb 2024 Direct F2
transaction NWL Common Stock Options Exercise $0 +23,070 +13% $0.000000 196,698 17 Feb 2024 Direct
transaction NWL Common Stock Tax liability $52,808 -6,885 -3.5% $7.67 189,813 16 Feb 2024 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 -14,097 -100% $0.000000* 0 16 Feb 2024 Common Stock 14,097 Direct F3, F4, F5
transaction NWL Restricted Stock Units Options Exercise $0 -16,919 -100% $0.000000* 0 16 Feb 2024 Common Stock 16,919 Direct F6, F7, F8
transaction NWL Restricted Stock Units Options Exercise $0 -23,070 -100% $0.000000* 0 17 Feb 2024 Common Stock 23,070 Direct F6, F7, F8
transaction NWL Restricted Stock Units Award $0 +118,155 $0.000000 118,155 16 Feb 2024 Common Stock 118,155 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, 2021. and December 31, 2023.
F2 Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 16, 2024.
F3 Each PRSU represents the right to receive, following vesting, between 0% and 200% 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, 2021, and December 31, 2023, 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