Schmidt Robert Andrew 4

What Happened
Robert Andrew Schmidt, Chief Accounting Officer of Newell Brands, was granted 43,076 time‑based restricted stock units (TRSUs) on February 27, 2026. The award was reported as an acquisition at $0.00 per unit (transaction code A) because TRSUs are contingent rights to receive shares later rather than an immediate cash purchase or sale.

Key Details

• Transaction date: 2026-02-27; Form 4 filed: 2026-03-03 (appears timely).
• Grant: 43,076 TRSUs at $0.00 (derivative award, not an open‑market purchase).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnotes:
  • F1: Each TRSU represents a contingent right to receive one common share.
  • F2: Vesting is ratable — 1/3 on Feb 27, 2027; 1/3 on Feb 15, 2028; remaining on Feb 15, 2029 — subject to continuous employment.
• Transaction code: A (award/grant).

Context
TRSUs are compensation awards that convert into actual shares only as they vest and are typically forfeitable if employment ends before vesting. Such grants are routine for executives and do not by themselves indicate buying or selling sentiment; they become economically meaningful only as they vest or are settled.