4//SEC Filing
Parsons Stephen B 4
Accession 0000814453-23-000048
CIK 0000814453other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 4:28 PM ET
Size
12.2 KB
Accession
0000814453-23-000048
Insider Transaction Report
Form 4
Parsons Stephen B
Chief Human Resources Officer
Transactions
- Award
Restricted Stock Units
2023-02-17+38,456→ 38,456 total→ Common Stock (38,456 underlying) - Tax Payment
Common Stock
2023-02-17$14.90/sh−4,306$64,159→ 9,001 total - Exercise/Conversion
Restricted Stock Units
2023-02-17−13,307→ 0 total→ Common Stock (13,307 underlying) - Award
Common Stock
2023-02-17+13,307→ 13,307 total
Footnotes (8)
- [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, 2020, and December 31, 2022.
- [F2]Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 17, 2023.
- [F3]Each PRSU represents the right to receive, following vesting, between 0% and 200% percent of one share of the Company's common stock.
- [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, 2020, and December 31, 2022, 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 PRSU expires on the third anniversary of the grant date with a payout of 0%.
- [F6]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [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.
- [F8]N/A
Documents
Issuer
NEWELL BRANDS INC.
CIK 0000814453
Entity typeother
Related Parties
1- filerCIK 0001525820
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 4:28 PM ET
- Size
- 12.2 KB