Form 4 for NWL NEWELL BRANDS INC.
Accepted 2022-02-23 00:00:00 ET · period of report 2022-02-18 · accession 0000814453-22-000044 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-02-23 | 2022-02-18 | NWL | Turner Bradford R | Chief Legal, Admin Off, C.S | M - OptEx | $0.00 | +111.2K | 155.6K | +250% | $0 |
| DM | 2022-02-23 | 2022-02-18 | NWL | Turner Bradford R | Chief Legal, Admin Off, C.S | F - Tax | $25.86 | -44.9K | 151.3K | -23% | -$1.16M |
| DM | 2022-02-23 | 2022-02-18 | NWL | Turner Bradford R | Chief Legal, Admin Off, C.S | M - OptEx | $0.00 | -111.2K | 0 | -100% | $0 |
| DM | 2022-02-23 | 2022-02-18 | NWL | Turner Bradford R | Chief Legal, Admin Off, C.S | A - Grant | $0.00 | +118.3K | 13.9K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-18 | M | A | 101,760 | $0.00 | 186,792 | D | — | — | (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. |
| 2 | Common | Common Stock | 2022-02-18 | F | D | 40,640 | $25.86 | 146,152 | D | — | — | (F2) Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 18, 2022. |
| 3 | Common | Common Stock | 2022-02-18 | M | A | 9,406 | $0.00 | 155,558 | D | — | — | |
| 4 | Common | Common Stock | 2022-02-18 | F | D | 4,243 | $25.86 | 151,315 | D | — | — | (F2) Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 18, 2022. |
| 5 | Derivative | Restricted Stock Units | 2022-02-18 | M | D | 101,760 | $0.00 | 0 | D | — · — to — | 101,760 Common Stock | (F3) 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. (F4) 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 and Human Capital Committee following the conclusion of the performance period. (F5) 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%. |
| 6 | Derivative | Stock Option (Right to Buy) | 2022-02-18 | A | A | 104,408 | $0.00 | 104,408 | D | $25.86 · — to 2032-02-18 | 104,408 Common Stock | (F11) The option vests ratably in one-third increments on the first, second and third anniversaries of the grant date. |
| 7 | Derivative | Restricted Stock Units | 2022-02-18 | A | A | 13,921 | $0.00 | 13,921 | D | — · 2025-02-18 to — | 13,921 Common Stock | (F9) Each restricted stock unit represents a contingent right to receive one share of the Company's common stock (F10) The entire award will vest on the third anniversary of the grant date, subject to the Reporting Person's continuous employment with the Company. (F8) N/A |
| 8 | Derivative | Restricted Stock Units | 2022-02-18 | M | D | 9,406 | $0.00 | 0 | D | — · — to — | 9,406 Common Stock | (F6) Restricted stock units convert into shares of the Company's common stock on a one-for-one basis. (F7) Represents the vesting 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. (F8) N/A |