Peterson Christopher H 4

What Happened

• Christopher H. Peterson, President & CEO and a director of Newell Brands (NWL), reported the conversion/vesting of performance-based restricted stock units (PRSUs) and related transactions effective Feb 27, 2026. The filing shows conversion/exercise of 3,448,274 derivative units into shares (code M), 1,546,207 shares were surrendered/withheld to cover taxes at $4.55/share (code F) for a tax liability of $7,035,242, and an award/grant of 1,098,901 units was recorded (code A). The derivative items are reported at $0.00 per share because they represent unit conversions/vestings rather than a cash purchase.

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (timely within the 2-business-day rule).
• Withholding: 1,546,207 shares withheld at $4.55/share = $7,035,242 to cover taxes (footnote: withholding used the company’s Feb 27 closing price).
• Conversions/awards: 3,448,274 derivative units converted (code M); 1,098,901 shares reported as a grant/award (code A).
• Shares owned after the transactions: not specified in the provided filing summary.
• Footnotes of note: PRSUs equal the right to one common share and vested on Feb 27, 2026 subject to continuous employment (F2–F3). The A-line relates to Time-Based RSUs (TRSUs), which vest ratably in 2027–2029 (F5–F6).

Context

• This was largely a vesting/conversion and tax-withholding event, not an open-market purchase or a market sale by the insider. The withholding of 1,546,207 shares to cover taxes is a routine, cashless method companies use when restricted units vest; it does not necessarily indicate a discretionary insider sale. The filing reports conversion of derivative awards into shares and new awards (TRSUs) that vest in future years per the footnotes.