Dennis Senovich - 16 Feb 2024 Form 4 Insider Report for NEWELL BRANDS INC. (NWL)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
21 Feb 2024, 16:13:57 UTC
Prior SEC filing
07 Jul 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Bradford R. Turner, Attorney in Fact for Dennis Senovich

Key filing fact

Dennis Senovich filed Form 4 for NEWELL BRANDS INC. (NWL) on 21 Feb 2024.

Key facts

  • This page summarizes Dennis Senovich's Form 4 filing for NEWELL BRANDS INC. (NWL).
  • 10 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 21 Feb 2024, 16:13.

Change

  • Previous filing in this sequence was filed on 07 Jul 2023.
  • Current net transaction value: -$40,467.

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
+4,148
Change %
+30%
Price
$0.000000
Shares after
17,836
Date
16 Feb 2024
Ownership
Direct
Footnotes
F1
NWL transaction

Common Stock

Tax liability

Transaction value
$11,175
Shares
-1,457
Change %
-8.2%
Price
$7.67
Shares after
16,379
Date
16 Feb 2024
Ownership
Direct
Footnotes
F2
NWL transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+4,979
Change %
+30%
Price
$0.000000
Shares after
21,358
Date
16 Feb 2024
Ownership
Direct
NWL transaction

Common Stock

Tax liability

Transaction value
$11,390
Shares
-1,485
Change %
-7%
Price
$7.67
Shares after
19,873
Date
16 Feb 2024
Ownership
Direct
Footnotes
F2
NWL transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+7,941
Change %
+40%
Price
$0.000000
Shares after
27,814
Date
17 Feb 2024
Ownership
Direct
NWL transaction

Common Stock

Tax liability

Transaction value
$17,902
Shares
-2,334
Change %
-8.4%
Price
$7.67
Shares after
25,480
Date
16 Feb 2024
Ownership
Direct
Footnotes
F2

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
-4,148
Change %
-100%
Price
$0.000000*
Shares after
0
Date
16 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,148
Exercise price
Footnotes
F3, F4, F5
NWL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-4,979
Change %
-100%
Price
$0.000000*
Shares after
0
Date
16 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,979
Exercise price
Footnotes
F6, F7, F8
NWL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-7,941
Change %
-100%
Price
$0.000000*
Shares after
0
Date
17 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
7,941
Exercise price
Footnotes
F6, F7, F8
NWL transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+36,505
Change %
Price
$0.000000
Shares after
36,505
Date
16 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
36,505
Exercise price
Footnotes
F6, F7, F8
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote 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.

Footnote F2

Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 16, 2024.

Footnote F3

Each PRSU represents the right to receive, following vesting, between 0% and 200% of one share of the Company's common stock.

Footnote F4

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.

Footnote F5

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 F6

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

Footnote 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.

Footnote F8

N/A

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