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

Reporting relationship: Chief Customer Officer
Issuer ticker: NWL
Reported as of: 16 Feb 2024
Net transaction value: -$42,231
SEC form: 4
Accepted by SEC: 21 Feb 2024, 16:23:11 UTC
Prior SEC filing: 07 Jul 2023
Source filing: View source filing
Reporting owner signature: /s/ Bradford R. Turner, Attorney in Fact for Michael Hayes

Key filing fact

Michael McHugh Hayes filed Form 4 for NEWELL BRANDS INC. (NWL) on 21 Feb 2024.

Key facts

This page summarizes Michael McHugh Hayes'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, 16:23.

Change

Previous filing in this sequence was filed on 07 Jul 2023.
Current net transaction value: -$42,231.

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: +4,164
Change %: +44%
Price: $0.000000
Shares after: 13,562
Date: 16 Feb 2024
Ownership: Direct
Footnotes: F1

NWL transaction

Common Stock

Tax liability

Transaction value: $11,229
Shares: -1,464
Change %: -11%
Price: $7.67
Shares after: 12,098
Date: 16 Feb 2024
Ownership: Direct
Footnotes: F2

NWL transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +4,999
Change %: +41%
Price: $0.000000
Shares after: 17,097
Date: 16 Feb 2024
Ownership: Direct
Footnotes: F3

NWL transaction

Common Stock

Tax liability

Transaction value: $11,098
Shares: -1,447
Change %: -8.5%
Price: $7.67
Shares after: 15,650
Date: 16 Feb 2024
Ownership: Direct
Footnotes: F2

NWL transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +8,696
Change %: +56%
Price: $0.000000
Shares after: 24,346
Date: 17 Feb 2024
Ownership: Direct
Footnotes: F3

NWL transaction

Common Stock

Tax liability

Transaction value: $19,904
Shares: -2,595
Change %: -11%
Price: $7.67
Shares after: 21,751
Date: 16 Feb 2024
Ownership: Direct
Footnotes: F2

NWL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 7,663
Date: 16 Feb 2024
Ownership: Joint w/Spouse
Footnotes: F4

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: -4,164
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,164
Exercise price
Footnotes: F5, F6, F7

NWL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -4,999
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,999
Exercise price
Footnotes: F3, F8, F9

NWL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -8,696
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,696
Exercise price
Footnotes: F3, F8, F9

NWL transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +37,646
Change %
Price: $0.000000
Shares after: 37,646
Date: 16 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 37,646
Exercise price
Footnotes: F3, 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 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

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

Footnote F3

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

Footnote F4

Represents 7,663 owned in a joint account with Reporting Person's spouse.

Footnote F5

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

Footnote F6

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 F7

If and to the extent the relevant performance criteria are not met, the performance-based stock unit grant expires on the third anniversary of the grant date with a payout of 0%.

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.

Footnote F9

N/A