4//SEC Filing
Hurd Laurel 4
Accession 0000814453-22-000035
CIK 0000814453other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 4:19 PM ET
Size
19.9 KB
Accession
0000814453-22-000035
Insider Transaction Report
Form 4
Hurd Laurel
Pres., Learning & Development
Transactions
- Exercise/Conversion
Common Stock
2022-02-18+35,775→ 81,850.24 total - Tax Payment
Common Stock
2022-02-18$25.86/sh−2,320$59,995→ 73,791.24 total - Tax Payment
Common Stock
2022-02-18$25.86/sh−10,883$281,434→ 70,967.24 total - Exercise/Conversion
Common Stock
2022-02-18+5,144→ 76,111.24 total - Exercise/Conversion
Restricted Stock Units
2022-02-18−5,144→ 0 total→ Common Stock (5,144 underlying) - Award
Stock Option (Right to Buy)
2022-02-18+65,980→ 65,980 totalExercise: $25.86Exp: 2032-02-18→ Common Stock (65,980 underlying) - Exercise/Conversion
Restricted Stock Units
2022-02-18−35,775→ 0 total→ Common Stock (35,775 underlying) - Award
Restricted Stock Units
2022-02-18+8,797→ 8,797 total→ Common Stock (8,797 underlying)
Footnotes (12)
- [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.
- [F10]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock
- [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
- [F12]The option vests ratably in one-third increments on the first, second and third anniversaries of the grant date.
- [F2]4,062.19 shares of this total are shares jointly owned with the Reporting Person's spouse.
- [F3]Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 18, 2022
- [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.
- [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.
- [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%.
- [F7]Restricted stock units convert into shares of the Company's common stock on a one-for-one basis
- [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.
- [F9]N/A
Documents
Issuer
NEWELL BRANDS INC.
CIK 0000814453
Entity typeother
Related Parties
1- filerCIK 0001768695
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 4:19 PM ET
- Size
- 19.9 KB