4//SEC Filing
Hayes Michael McHugh 4
Accession 0000814453-24-000038
CIK 0000814453other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 4:23 PM ET
Size
22.7 KB
Accession
0000814453-24-000038
Insider Transaction Report
Form 4
Hayes Michael McHugh
Chief Customer Officer
Transactions
- Exercise/Conversion
Common Stock
2024-02-16+4,164→ 13,562 total - Tax Payment
Common Stock
2024-02-16$7.67/sh−1,464$11,229→ 12,098 total - Exercise/Conversion
Common Stock
2024-02-16+4,999→ 17,097 total - Tax Payment
Common Stock
2024-02-16$7.67/sh−1,447$11,098→ 15,650 total - Exercise/Conversion
Common Stock
2024-02-17+8,696→ 24,346 total - Tax Payment
Common Stock
2024-02-16$7.67/sh−2,595$19,904→ 21,751 total - Exercise/Conversion
Restricted Stock Units
2024-02-16−4,164→ 0 total→ Common Stock (4,164 underlying) - Exercise/Conversion
Restricted Stock Units
2024-02-16−8,696→ 0 total→ Common Stock (8,696 underlying) - Award
Restricted Stock Units
2024-02-16+37,646→ 37,646 total→ Common Stock (37,646 underlying) - Exercise/Conversion
Restricted Stock Units
2024-02-16−4,999→ 0 total→ Common Stock (4,999 underlying)
Holdings
- 7,663(indirect: By Spouse)
Common Stock
Footnotes (9)
- [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.
- [F2]The withholding of shares to cover taxes on the vesting was calculated on the Company's closing stock price on February 16, 2024.
- [F3]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F4]Represents 7,663 owned in a joint account with Reporting Person's spouse.
- [F5]Each PRSU represents the right to receive, following vesting, between 0% and 200% of one share of the Company's common stock.
- [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.
- [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%.
- [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.
- [F9]N/A
Documents
Issuer
NEWELL BRANDS INC.
CIK 0000814453
Entity typeother
Related Parties
1- filerCIK 0001812147
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 4:23 PM ET
- Size
- 22.7 KB