Geller Michal J. 4
4 · NEWELL BRANDS INC. · Filed May 7, 2024
Insider Transaction Report
Form 4
Geller Michal J.
President, eCommerce & Digital
Transactions
- Exercise/Conversion
Common Stock
2024-05-04+4,704→ 20,839 total - Tax Payment
Common Stock
2024-05-04$7.66/sh−1,753$13,428→ 19,086 total - Exercise/Conversion
Common Stock
2024-05-04+3,919→ 17,595 total - Tax Payment
Common Stock
2024-05-04$7.66/sh−1,460$11,184→ 16,135 total - Exercise/Conversion
Restricted Stock Units
2024-05-04−3,919→ 0 total→ Common Stock (3,919 underlying) - Exercise/Conversion
Restricted Stock Units
2024-05-04−4,704→ 0 total→ Common Stock (4,704 underlying)
Footnotes (8)
- [F1]The Company 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, 2022, and December 31, 2024.
- [F2]Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on May 3, 2024.
- [F3]Each PRSU represents the right to receive, following vesting, between 0% and 200% 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, 2022, and December 31, 2024, 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 on the third anniversary of the grant date, subject to the Reporting Person's continuous employment with the Company.
- [F8]N/A