Peterson Christopher H 4

What Happened

• Christopher H. Peterson, President & CEO and a director of Newell Brands (NWL), had restricted stock units convert into common shares on May 16, 2026. A total of 276,968 units converted into shares (72,619 and 204,349). The exercise/conversion had a $0.00 exercise price.
• To cover tax withholding, 32,563 shares and 91,631 shares were surrendered at $3.84 per share, generating withholding values of $125,042 and $351,863 respectively (total withheld = 124,194 shares, ~$476,905). Net shares retained after withholding were 152,774 (276,968 − 124,194).
• This was a vesting/conversion event (award exercise/settlement) rather than an open-market sale or purchase.

Key Details

• Transaction date: May 16, 2026; Form 4 filed May 19, 2026.
• Conversion/exercise entries reported as code M (exercise/conversion of derivative) at $0.00 per share.
• Tax withholding reported as code F: 32,563 shares @ $3.84 = $125,042 and 91,631 shares @ $3.84 = $351,863 (total withheld $476,905).
• Shares owned after the transaction are not specified in the provided filing excerpt.
• Footnotes: TRSUs = time‑based restricted stock units (each converts to one share; vest ratably in 1/3 increments); PRSUs = performance‑based RSUs (each converts to one share); the Compensation Committee certified partial achievement of performance metrics for the PRSUs that vested on May 16, 2026. Withholding was calculated using the Company’s closing price on May 15, 2026.

Context

• This was a routine vesting/settlement of restricted stock units (a common form of executive compensation). Shares were withheld to satisfy tax obligations (a cashless/stock‑settlement tax withholding), not an open‑market sale by the insider.
• Such conversions indicate receipt of shares from awards rather than a discretionary purchase (which some investors view as a stronger bullish signal). No 10% owner status or 10b5‑1 plan information is disclosed in the filing excerpt.