NEWELL BRANDS INC.·4

Feb 18, 4:07 PM ET

Turner Bradford R 4

4 · NEWELL BRANDS INC. · Filed Feb 18, 2026

Research Summary

AI-generated summary of this filing

Updated

Newell Brands (NWL) Chief Legal & Admin Officer Bradford R. Turner Exercises RSUs

What Happened

  • Bradford R. Turner, Chief Legal & Administrative Officer of Newell Brands (NWL), had restricted stock units convert into common shares on Feb 16–17, 2026. A total of 173,441 RSUs (time‑based and performance‑based) converted into shares.
  • To cover tax withholding, 53,106 shares were surrendered/disposed at roughly $4.67–$4.70 per share for total withholding value of about $248,357. After withholding, Turner received a net ~120,335 shares.
  • These transactions are exercises/conversions of RSUs (derivative code M) with share withholding for taxes (code F) — typical net settlement rather than an open‑market sale.

Key Details

  • Transaction dates: conversions on Feb 16–17, 2026; Form 4 filed Feb 18, 2026 (timely).
  • Shares converted (gross): 173,441 (39,385; 23,071; 46,066; 64,919 across the two days).
  • Shares withheld for taxes (disposed): 53,106 (11,753 @ $4.70; 6,885 @ $4.67; 13,747 @ $4.67; 20,721 @ $4.67) totaling ~$248,357.
  • Net shares received after withholding: ~120,335.
  • Footnotes: withholding calculations used the company’s closing price on Feb 13 and Feb 17, 2026 (F1, F2). TRSUs vest in thirds over three years (F3–F4); PRSUs vested on Feb 17, 2026 subject to continued employment (F6–F7).
  • Shares owned after transaction: not disclosed in the provided excerpt.

Context

  • These were not open‑market sell or buy orders — they are vesting/conversion events for restricted stock units with shares withheld to satisfy tax obligations (a common cashless/net settlement).
  • Such internal vesting and withholding typically reflect compensation mechanics rather than a direct signal of insider buying or selling intent.

Insider Transaction Report

Form 4
Period: 2026-02-16
Turner Bradford R
Chief Legal & Admin. Officer
Transactions
  • Exercise/Conversion

    Common Stock

    2026-02-16+39,385483,499 total
  • Tax Payment

    Common Stock

    [F1]
    2026-02-16$4.70/sh11,753$55,239471,746 total
  • Exercise/Conversion

    Common Stock

    2026-02-17+23,071494,817 total
  • Tax Payment

    Common Stock

    [F2]
    2026-02-17$4.67/sh6,885$32,153487,932 total
  • Exercise/Conversion

    Common Stock

    2026-02-17+46,066533,998 total
  • Tax Payment

    Common Stock

    [F2]
    2026-02-17$4.67/sh13,747$64,198520,251 total
  • Exercise/Conversion

    Common Stock

    2026-02-17+64,919585,170 total
  • Tax Payment

    Common Stock

    [F2]
    2026-02-17$4.67/sh20,721$96,767564,449 total
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F4][F5]
    2026-02-1639,38539,385 total
    Common Stock (39,385 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F4][F5]
    2026-02-1723,0710 total
    Common Stock (23,071 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F4][F5]
    2026-02-1746,06692,133 total
    Common Stock (46,066 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F6][F7][F5]
    2026-02-1764,9190 total
    Common Stock (64,919 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.
Signature
Bradford R. Turner|2026-02-18

Documents

1 file
  • 4
    wk-form4_1771448834.xmlPrimary

    FORM 4