Schmidt Robert Andrew 4

What Happened
Robert Andrew Schmidt, Chief Accounting Officer of Newell Brands (NWL), had time‑based restricted stock units (TRSUs) vest and convert into common shares on February 17, 2026. Two conversions totaled 16,064 shares (8,977 and 7,087) recorded as acquired at $0.00 (M code). To cover tax obligations, the company withheld 3,589 and 2,838 shares (total 6,427 shares) at a withholding rate of $4.67/share, totaling $30,014 (F code). Net shares received by Schmidt were 9,637. The filing also shows the underlying TRSUs treated as disposed/cancelled upon conversion (zero-dollar derivative disposition entries).

Key Details

• Transaction date: February 17, 2026; Form 4 filed February 18, 2026 (timely).
• Conversions (M): 8,977 shares @ $0.00 and 7,087 shares @ $0.00 (total 16,064 shares).
• Tax withholding (F): 3,589 shares @ $4.67 = $16,761 and 2,838 shares @ $4.67 = $13,253 (total ~$30,014); total withheld = 6,427 shares.
• Net shares delivered to insider: 16,064 − 6,427 = 9,637 shares.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 — withholding based on Feb 17 closing price; F3/F4/F6 — TRSUs are time‑based awards that vest per the grant schedules; F2 — some shares reported as owned jointly with spouse.
• Transaction codes: M = exercise/conversion of derivative (TRSU to common stock); F = payment of tax liability via share withholding. No open‑market purchases or sales beyond tax withholding were reported.

Context
These entries reflect routine vesting and settlement of time‑based restricted stock units, not an open‑market buy or sell for investment purposes. The award conversion was a non‑cash settlement (no exercise price) and the company’s share withholding to cover taxes is a common administrative step; such withholdings are typically neutral regarding insider sentiment.