CAMPBELL PATRICK D 4

What Happened

• Patrick D. Campbell, a director of Newell Brands (NWL), reported the exercise/conversion of derivative awards resulting in the acquisition of 39,325 shares on May 7, 2026. The reported acquisition price was $0.00 per share (total reported value $0), indicating these shares arose from awards/derivative conversions rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-07; Type: Exercise/conversion of derivative (Form 4 code M).
• Amount: 39,325 shares acquired at $0.00 per share (reported value $0).
• Filing: Form 4 filed 2026-05-11 (appears timely relative to the transaction).
• Footnotes of interest:
  • F1: Each restricted stock unit (RSU) equals a contingent right to one common share.
  • F2: Certain awards vest either on the first grant anniversary or at the next annual meeting, subject to continued board service.
  • F4: Phantom stock units convert to common shares on termination of board service under the Deferred Compensation Plan (DCP).
  • F5: 30,418 RSUs vested on May 7, 2026; the reporting person elected to defer settlement, converting those RSUs into phantom stock units per the DCP.
  • F6: The report includes 13,622.59 phantom stock units acquired via dividend reinvestment (5,327.38 added since the last report); dividend-reinvested phantom units will be settled in cash after service ends.
• Shares owned after the transaction are not explicitly stated in the provided summary; the filing includes the phantom unit details above.

Context

• This was not an open-market purchase or sale. The $0 exercise price and footnotes indicate the shares/units arose from equity awards (RSUs/phantom units) and deferral mechanics under the company's Deferred Compensation Plan. Such conversions are routine award settlements and do not necessarily reflect a personal cash investment or immediate market sentiment.