Peterson Christopher H 4
Research Summary
AI-generated summary
Newell Brands (NWL) CEO Christopher Peterson Receives Award
What Happened
Christopher H. Peterson, President & CEO and a director of Newell Brands (NWL), was reported as acquiring three awards on Feb 9, 2026 totaling 3,768,692 performance‑based restricted stock units (PRSU): 116,069 PRSUs, 204,349 PRSUs and 3,448,274 PRSUs. These are reported as derivative awards (code A) with no cash paid (reported price $0.00); each PRSU represents the right to receive one share upon vesting.
Key Details
- Transaction date: 2026-02-09; Form 4 filed 2026-02-10 (timely filing).
- Awards: 116,069; 204,349; and 3,448,274 PRSUs — total 3,768,692 PRSUs. Reported acquisition price: $0.00 (derivative awards).
- Shares owned after transaction: not specified in the excerpt provided; the filing includes a corrected beneficial-ownership total in Table I (see note).
- Notable footnotes:
- F2: Each PRSU = right to one share on vesting.
- F3/F5/F6: These PRSUs relate to performance grants from Feb 17, 2023; May 16, 2023; and July 5, 2023, with vesting dates in 2026 (subject to continuous employment and committee certification of performance).
- F1: Filing corrects prior Forms that understated beneficial ownership totals by 40,056 shares due to an administrative error; no transactions were omitted.
Context
These entries are awards of performance-based restricted stock units (derivative rights to future shares) rather than open-market purchases or sales. PRSUs vest only if performance and service conditions are met, per the committee certifications referenced in the footnotes; no cash changed hands at grant. The corrected ownership totals in the filing address an earlier reporting arithmetic error and do not indicate additional missing transactions.