KEANE JAMES P 4

What Happened
James P. Keane, a director of Newell Brands (NWL), reported on May 11, 2026 transactions dated May 7, 2026: an exercise/conversion of 30,418 derivative units (transaction code M) reported at $0.00 and a corresponding disposition of those 30,418 derivative units (also $0.00), plus the grant/acquisition of 39,325 restricted stock units (RSUs) reported at $0.00. The filing lists $0.00 prices for these items; the grant is recorded as 39,325 RSUs rather than a cash award.

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 11, 2026 (filed within the two-business-day window).
• Derivative conversion/exercise: 30,418 shares reported as acquired (M) at $0.00 and simultaneously reported as disposed (M) at $0.00.
• Award/grant: 39,325 RSUs acquired (A) at $0.00. Footnote F2: each RSU represents a contingent right to one share of common stock.
• Vesting (Footnote F3): the RSU award vests in full on the earlier of (i) the first anniversary of the grant or (ii) the next annual meeting of stockholders (provided Keane remains in continuous Board service).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• No open-market purchase or sale for cash is reported; the transactions involve derivative conversion/exercise and an equity award.

Context: Derivative (M) codes typically indicate option/derivative exercises or conversions; the simultaneous acquisition and disposition at $0.00 may reflect internal conversion/settlement mechanics rather than an open-market sale. The RSU grant is a common form of director compensation and vests per the schedule in Footnote F3.