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

Signature
/s/ Bradford R. Turner, Attorney in Fact for Christopher H. Peterson
Issuer symbol
NWL
Transactions as of
16 Feb 2024
Net transactions value
-$268,741
Form type
4
Filing time
21 Feb 2024, 16:17:13 UTC
Previous filing
16 Jun 2023
Next filing
20 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWL Common Stock Options Exercise $0 +25,224 +8.2% $0.000000 331,635 16 Feb 2024 Direct F1
transaction NWL Common Stock Tax liability $57,586 -7,508 -2.3% $7.67 324,127 16 Feb 2024 Direct F2
transaction NWL Common Stock Options Exercise $0 +30,273 +9.3% $0.000000 354,400 16 Feb 2024 Direct
transaction NWL Common Stock Tax liability $69,291 -9,034 -2.5% $7.67 345,366 16 Feb 2024 Direct F2
transaction NWL Common Stock Options Exercise $0 +41,247 +12% $0.000000 386,613 17 Feb 2024 Direct
transaction NWL Common Stock Tax liability $141,864 -18,496 -4.8% $7.67 368,117 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 -25,224 -100% $0.000000* 0 16 Feb 2024 Common Stock 25,224 Direct F3, F4, F5
transaction NWL Restricted Stock Units Options Exercise $0 -30,273 -100% $0.000000* 0 16 Feb 2024 Common Stock 30,273 Direct F6, F7, F8
transaction NWL Restricted Stock Units Options Exercise $0 -41,247 -100% $0.000000* 0 17 Feb 2024 Common Stock 41,247 Direct F6, F7, F8
transaction NWL Restricted Stock Units Award $0 +488,917 $0.000000 488,917 16 Feb 2024 Common Stock 488,917 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