Michael P. McDermott - 16 Feb 2024 Form 4 Insider Report for NEWELL BRANDS INC. (NWL)

Signature
/s/ Bradford R. Turner, Attorney in Fact for Michael McDermott
Issuer symbol
NWL
Transactions as of
16 Feb 2024
Net transactions value
-$79,883
Form type
4
Filing time
21 Feb 2024, 16:18:48 UTC
Previous filing
07 Jul 2023
Next filing
09 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWL Common Stock Options Exercise $0 +7,114 +79% $0.000000 16,088 16 Feb 2024 Direct F1
transaction NWL Common Stock Tax liability $18,692 -2,437 -15% $7.67 13,651 16 Feb 2024 Direct F2
transaction NWL Common Stock Options Exercise $0 +8,539 +63% $0.000000 22,190 16 Feb 2024 Direct
transaction NWL Common Stock Tax liability $18,968 -2,473 -11% $7.67 19,717 16 Feb 2024 Direct F2
transaction NWL Common Stock Options Exercise $0 +19,015 +96% $0.000000 38,732 17 Feb 2024 Direct
transaction NWL Common Stock Tax liability $42,223 -5,505 -14% $7.67 33,227 16 Feb 2024 Direct F2
holding NWL Common Stock 2,621 16 Feb 2024 By 401(k) F3

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 -7,114 -100% $0.000000* 0 16 Feb 2024 Common Stock 7,114 Direct F4, F5, F6
transaction NWL Restricted Stock Units Options Exercise $0 -8,539 -100% $0.000000* 0 16 Feb 2024 Common Stock 8,539 Direct F4, F7, F8
transaction NWL Restricted Stock Units Options Exercise $0 -19,015 -100% $0.000000* 0 17 Feb 2024 Common Stock 19,015 Direct F7, F8, F9
transaction NWL Restricted Stock Units Award $0 +91,264 $0.000000 91,264 16 Feb 2024 Common Stock 91,264 Direct F7, F8, F9
* 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 Peron'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 Represents shares held by the reporting person in the Newell Brands Employee Savings Plan, a 401(k) plan.
F4 Each PRSU represents the right to receive, following vesting, between 0% and 200% of one share of the Company's common stock.
F5 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.
F6 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%.
F7 The restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F8 N/A
F9 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.