Laurel Hurd - 18 Feb 2022 Form 4 Insider Report for NEWELL BRANDS INC. (NWL)

Reporting relationship: Pres., Learning & Development
Issuer ticker: NWL
Reported as of: 18 Feb 2022
Net transaction value: -$341,430
SEC form: 4
Accepted by SEC: 23 Feb 2022, 15:19:03 UTC
Prior SEC filing: 12 Oct 2021
Next SEC filing: 19 Apr 2022
Source filing: View source filing
Reporting owner signature: /s/ Raj Dave, Attorney-in-fact for Laurel Hurd

Key filing fact

Laurel Hurd filed Form 4 for NEWELL BRANDS INC. (NWL) on 23 Feb 2022.

Key facts

This page summarizes Laurel Hurd's Form 4 filing for NEWELL BRANDS INC. (NWL).
8 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 23 Feb 2022, 15:19.

Change

Previous filing in this sequence was filed on 12 Oct 2021.
Current net transaction value: -$341,430.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

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: +35,775
Change %: +78%
Price: $0.000000
Shares after: 81,850
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F1, F2

NWL transaction

Common Stock

Tax liability

Transaction value: $281,434
Shares: -10,883
Change %: -13%
Price: $25.86
Shares after: 70,967
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F2, F3

NWL transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +5,144
Change %: +7.2%
Price: $0.000000
Shares after: 76,111
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F2

NWL transaction

Common Stock

Tax liability

Transaction value: $59,995
Shares: -2,320
Change %: -3%
Price: $25.86
Shares after: 73,791
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F2, 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: -35,775
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 35,775
Exercise price
Footnotes: F4, F5, F6

NWL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -5,144
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,144
Exercise price
Footnotes: F7, F8, F9

NWL transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +8,797
Change %
Price: $0.000000
Shares after: 8,797
Date: 18 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,797
Exercise price
Footnotes: F9, F10, F11

NWL transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +65,980
Change %
Price: $0.000000
Shares after: 65,980
Date: 18 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 65,980
Exercise price: $25.86
Footnotes: F12

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 12 footnotes

Footnote F1

The Company's Compensation and Human Capital Committee certified achievement of the pre-established performance goals resulting in the vesting of the Reporting Person's target shares. As discussed below, the terms of the Reporting Person's Performance Based Restricted Stock units provided for the payout of 0% to 200% of the original grant based on actual achievement of performance metrics related to relative total shareholder return and cumulative free cash flow between January 1, 2019 and December 31, 2021.

Footnote F2

4,062.19 shares of this total are shares jointly owned with the Reporting Person's spouse.

Footnote F3

Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 18, 2022

Footnote F4

Each Performance Based Restricted stock unit represents the right to receive, the following vesting between 0% and 200% percent of one share of the Company's common stock.

Footnote F5

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 2-year period beginning January 1, 2019 and ending December 31, 2021, and certification of such performance by the Company's Compensation Committee following the conclusion of the performance period.

Footnote 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%.

Footnote F7

Restricted stock units convert into shares of the Company's common stock on a one-for-one basis

Footnote F8

Represents the vesting of the of restricted stock units granted to the Reporting Person on February 19, 2019. The grant vested ratably in one-third increments on the first, second and third anniversaries of the award date, pursuant to the terms of the grant agreement.

Footnote F9

N/A

Footnote F10

Each restricted stock unit represents a contingent right to receive one share of the Company's common stock

Footnote F11

The entire award will vest on the third anniversary of the grant date, subject to the Reporting Person's continuous employment with the Company

Footnote F12

The option vests ratably in one-third increments on the first, second and third anniversaries of the grant date.