Key facts
- This page summarizes Ravichandra K. Saligram's Form 4 filing for NEWELL BRANDS INC. (NWL).
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 22 Feb 2023, 15:35.
Ravichandra K. Saligram - 17 Feb 2023 Form 4 Insider Report for NEWELL BRANDS INC. (NWL)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- NWL
- Reported as of
- 17 Feb 2023
- Net transaction value
- -$434,290
- SEC form
- 4
- Accepted by SEC
- 22 Feb 2023, 15:35:35 UTC
- Prior SEC filing
- 13 Feb 2023
- Next SEC filing
- 14 Mar 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Raj Dave, Attorney in Fact for Ravichandra K. Saligram
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Filing notes and source
Key filing fact
Ravichandra K. Saligram filed Form 4 for NEWELL BRANDS INC. (NWL) on 22 Feb 2023.
Change
- Previous filing in this sequence was filed on 13 Feb 2023.
- Current net transaction value: -$434,290.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
NWL
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +86,975
- Change %
- Price
- $0.000000
- Shares after
- 86,975
- Date
- 17 Feb 2023
- Ownership
- Direct
- Footnotes
- F1
NWL
transaction
Common Stock
Tax liability
- Transaction value
- $434,290
- Shares
- -29,147
- Change %
- -34%
- Price
- $14.90
- Shares after
- 57,828
- Date
- 17 Feb 2023
- Ownership
- Direct
- Footnotes
- F2
NWL
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 35,000
- Date
- 17 Feb 2023
- Ownership
- by Trust
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NWL
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -86,975
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 17 Feb 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 86,975
- Exercise price
- Footnotes
- F4, F5, F6
NWL
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +103,467
- Change %
- Price
- $0.000000
- Shares after
- 103,467
- Date
- 17 Feb 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 103,467
- Exercise price
- Footnotes
- F7, F8, F9
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 9 footnotes
Footnote F1
The Company's Compensation and Human Capital Committee certified partial achievement of the pre-established performance goals resulting in the partial 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, 2020, and December 31, 2022.
Footnote F2
Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 17, 2023.
Footnote F3
These shares are indirectly owned by the Reporting Person through the Ravichandra K. Saligram Trust, for which the reporting person is the Trustee.
Footnote F4
Each PRSU represents the right to receive, following vesting, between 0% and 200% percent of one share of the Company's common stock.
Footnote 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, 2020, and December 31, 2022, and certification of such performance by the Company's Compensation and Human Capital Committee following the conclusion of the performance period.
Footnote F6
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%.
Footnote F7
Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
Footnote F8
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 and the terms of Mr. Saligram's Retirement Agreement, as filed with the SEC in a Current Report on Form 8-K on February 8, 2023.
Footnote F9
N/A