Turner Bradford R 4

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.