Erceg Mark J 4

What Happened

• Mark J. Erceg, Chief Financial Officer of Newell Brands, had performance-based equity convert to common stock on February 27, 2026. The filing shows 1,655,172 derivative units converted to shares (exercise/conversion), and 742,180 of those shares were withheld to cover tax liability at $4.55 per share, totaling $3,376,919. The filing also reports an award/acquisition of 443,681 derivative shares (reported as an A transaction).

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (filed within the two-business-day window).
• Conversion/exercise: 1,655,172 derivative units converted to shares (reported at $0.00 per share because these were equity awards vesting).
• Tax withholding: 742,180 shares were withheld (F code) to cover taxes at $4.55/share = $3,376,919; withholding calculated using the company’s closing price on Feb 27, 2026 (footnote F1).
• Award: 443,681 shares reported as a grant/award (A transaction) in the filing.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes of interest: PRSUs = performance-based restricted stock units that vested on Feb 27, 2026 (F4–F5); TRSUs = time-based restricted stock units with future vesting through 2029 (F7–F8); F2/F3 note some shares are held jointly or in a 401(k).

Context

• These transactions are compensation-related (vesting/conversion of RSUs/PRSUs) rather than open-market purchases or discretionary sales. The F code withholding indicates a cashless tax-withholding event (shares retained to pay taxes), which is a routine administrative step and not a direct market trade by the insider. Such vesting/withholding activity is common and should be interpreted differently than an insider buying or selling shares in the market.