Peterson Christopher H 4
4 · NEWELL BRANDS INC. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Newell Brands (NWL) CEO Christopher Peterson Exercises RSUs, Withholds Shares
What Happened
Christopher H. Peterson, President & CEO and a director of Newell Brands (NWL), had restricted stock units (time- and performance-based RSUs/PRSUs) vest and convert into common shares on Feb 16–17, 2026. A total of 532,903 shares were issued on conversion. To satisfy tax withholding obligations, 211,394 of those shares were withheld (disposed) at prices of $4.67–$4.70, with the withheld shares valued at approximately $989,075. After withholding, Peterson retained a net 321,509 newly issued shares. These withholdings are tax payments rather than open-market sales.
Key Details
- Vesting/conversion dates: Feb 16, 2026 and Feb 17, 2026 (codes M = exercise/conversion).
- Shares issued on vesting: 532,903 total (162,972 on 2/16; 41,247, 116,069, and 212,615 on 2/17).
- Shares withheld for taxes (coded F): 211,394 total (62,166 withheld on 2/16 at $4.70 = $292,180; 18,496 at $4.67 = $86,376; 35,395 at $4.67 = $165,295; 95,337 at $4.67 = $445,224). Total value of withheld shares ≈ $989,075.
- Net new shares retained by Peterson: 321,509.
- Footnotes: TRSUs convert 1:1 to shares and vest ratably over 3 years; PRSUs vested on Feb 17, 2026 (subject to continued employment). Withholding calculations used closing prices on Feb 13 and Feb 17, 2026.
- Filing: Report filed Feb 18, 2026 for events on Feb 16–17 — appears timely (Form 4 is generally due within two business days).
Context
- The M code indicates conversion/settlement of restricted stock units (not an open-market purchase). The F code indicates shares were surrendered/withheld to cover tax liabilities (a common, non-market-sale action).
- This is routine insider equity compensation activity (vesting and tax withholding) rather than a discretionary buy or sale that signals a trading opinion.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-16+162,972→ 761,100 total - Tax Payment
Common Stock
[F1]2026-02-16$4.70/sh−62,166$292,180→ 698,934 total - Exercise/Conversion
Common Stock
2026-02-17+41,247→ 740,181 total - Tax Payment
Common Stock
[F2]2026-02-17$4.67/sh−18,496$86,376→ 721,685 total - Exercise/Conversion
Common Stock
2026-02-17+116,069→ 837,754 total - Tax Payment
Common Stock
[F2]2026-02-17$4.67/sh−35,395$165,295→ 802,359 total - Exercise/Conversion
Common Stock
2026-02-17+212,615→ 1,014,974 total - Tax Payment
Common Stock
[F2]2026-02-17$4.67/sh−95,337$445,224→ 919,637 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-02-16−162,972→ 162,973 total→ Common Stock (162,972 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-02-17−41,247→ 0 total→ Common Stock (41,247 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-02-17−212,615→ 425,230 total→ Common Stock (212,615 underlying) - Exercise/Conversion
Restricted Stock Units
[F6][F7][F5]2026-02-17−116,069→ 0 total→ Common Stock (116,069 underlying)
Footnotes (7)
- [F1]The withholding of shares to cover taxes on the vesting was calculated on the Company's closing stock price on February 13, 2026.
- [F2]The withholding of shares to cover taxes on the vesting was calculated on the Company's closing stock price on February 17, 2026.
- [F3]Each Time Based Restricted Stock Unit ("TRSU") represents a contingent right to receive one share of the Company's common stock.
- [F4]The TRSU vests ratably in one-third increments on the grant date's first, second and third anniversaries, subject to the reporting person's continuous employment with the Company.
- [F5]N/A
- [F6]Each Performance Based Restricted Stock Unit ("PRSU") represents the right to receive one share of the Company's common stock.
- [F7]The terms of the reporting person's PRSUs provide for vesting on February 17, 2026, subject to continuous employment with the Company.