PILNICK GARY H 4

What Happened
Gary H. Pilnick, a director of Newell Brands (NWL), reported on May 7, 2026 that he exercised/converted 30,418 derivative shares (reported as both acquired and disposed at $0) and was granted 39,325 restricted stock units (RSUs) (reported as acquired at $0). The filing lists $0 per-share prices and $0 total value for these entries.

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 11, 2026.
• Transactions reported:
  • Code M (exercise/conversion of derivative): 30,418 shares acquired @ $0.00 and 30,418 shares disposed @ $0.00 (derivative).
  • Code A (award/grant): 39,325 RSUs acquired @ $0.00.
• Shares owned after the transactions: not specified in the supplied summary.
• Footnotes:
  • F1: Each RSU represents a contingent right to one share of Newell common stock.
  • F3: The RSU award vests in full on the earlier of (i) the first anniversary of grant or (ii) the next annual meeting (≥50 weeks after prior meeting), provided continuous board service.
• Timeliness: Filed four days after the reported transactions (May 7 → May 11); this is later than the standard two-business-day window for Form 4 filings.

Context

• Code M indicates an exercise or conversion of a derivative security; the filing shows both an acquisition and a simultaneous disposition of 30,418 derivative shares at $0, but does not provide details about cash proceeds, tax withholding, or settlement mechanics.
• Code A RSUs are compensation awards, not open-market purchases or sales; they typically reflect board compensation and vest over time per the footnote.
• No explicit sale for personal cash proceeds is reported here—these entries look like a conversion/settlement plus a new RSU grant rather than a market buy or sell.