Christopher H. Peterson - Feb 16, 2024 Form 4 Insider Report for NEWELL BRANDS INC. (NWL)

Signature
/s/ Bradford R. Turner, Attorney in Fact for Christopher H. Peterson
Stock symbol
NWL
Transactions as of
Feb 16, 2024
Transactions value $
-$268,741
Form type
4
Date filed
2/21/2024, 04:17 PM
Previous filing
Jun 16, 2023
Next filing
May 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWL Common Stock Options Exercise $0 +25.2K +8.23% $0.00 332K Feb 16, 2024 Direct F1
transaction NWL Common Stock Tax liability -$57.6K -7.51K -2.26% $7.67 324K Feb 16, 2024 Direct F2
transaction NWL Common Stock Options Exercise $0 +30.3K +9.34% $0.00 354K Feb 16, 2024 Direct
transaction NWL Common Stock Tax liability -$69.3K -9.03K -2.55% $7.67 345K Feb 16, 2024 Direct F2
transaction NWL Common Stock Options Exercise $0 +41.2K +11.94% $0.00 387K Feb 17, 2024 Direct
transaction NWL Common Stock Tax liability -$142K -18.5K -4.78% $7.67 368K Feb 16, 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 -25.2K -100% $0.00* 0 Feb 16, 2024 Common Stock 25.2K Direct F3, F4, F5
transaction NWL Restricted Stock Units Options Exercise $0 -30.3K -100% $0.00* 0 Feb 16, 2024 Common Stock 30.3K Direct F6, F7, F8
transaction NWL Restricted Stock Units Options Exercise $0 -41.2K -100% $0.00* 0 Feb 17, 2024 Common Stock 41.2K Direct F6, F7, F8
transaction NWL Restricted Stock Units Award $0 +489K $0.00 489K Feb 16, 2024 Common Stock 489K 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 Performance Based Restricted stock unit represents the right to receive, the following vesting between 0% and 200% of one share of the Company's common stock.
F4 Each performance-based restricted stock unit 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 relative total shareholder return over a three (3) year period beginning January 1, 2021 and ending 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 performance-based restricted stock unit grant 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