Turner Bradford R 4
4 · NEWELL BRANDS INC. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
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
Turner Bradford R
Chief Legal & Admin. Officer
Transactions
- Exercise/Conversion
Common Stock
2026-02-16+39,385→ 483,499 total - Tax Payment
Common Stock
[F1]2026-02-16$4.70/sh−11,753$55,239→ 471,746 total - Exercise/Conversion
Common Stock
2026-02-17+23,071→ 494,817 total - Tax Payment
Common Stock
[F2]2026-02-17$4.67/sh−6,885$32,153→ 487,932 total - Exercise/Conversion
Common Stock
2026-02-17+46,066→ 533,998 total - Tax Payment
Common Stock
[F2]2026-02-17$4.67/sh−13,747$64,198→ 520,251 total - Exercise/Conversion
Common Stock
2026-02-17+64,919→ 585,170 total - Tax Payment
Common Stock
[F2]2026-02-17$4.67/sh−20,721$96,767→ 564,449 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-02-16−39,385→ 39,385 total→ Common Stock (39,385 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-02-17−23,071→ 0 total→ Common Stock (23,071 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-02-17−46,066→ 92,133 total→ Common Stock (46,066 underlying) - Exercise/Conversion
Restricted Stock Units
[F6][F7][F5]2026-02-17−64,919→ 0 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