Schmidt Robert Andrew 4

What Happened

• Robert Andrew Schmidt, Chief Accounting Officer of Newell Brands (NWL), had 7,286 restricted stock units convert to common shares on May 31, 2026. The filing shows a gross value of $24,772 (7,286 shares at $3.40). To cover tax withholding, 2,496 shares were withheld (valued at $8,486), leaving a net of 4,790 shares delivered to Schmidt (net value $16,286).

Key Details

• Transaction date: 2026-05-31; Form 4 filed: 2026-06-02 (appears timely).
• Entries reported as: M (exercise/conversion of derivative — conversion of RSUs) and F (tax withholding).
• Price/value used: $3.40 per share (closing price used for withholding calculation per footnote).
• Net shares received: 4,790 (7,286 vested − 2,496 withheld).
• Footnotes of note:
  • F1: Withholding calculated based on company closing price on May 29, 2026.
  • F2: Direct ownership is joint with spouse.
  • F3: Each RSU represents the right to receive one share.
  • F4: These RSUs vest ratably in one-third increments over three years from grant (subject to continued employment).
• Shares owned after the transaction: not specified in the provided filing details.

Context

• These entries reflect RSU vesting and a common cashless-style settlement for tax withholding (shares withheld to cover taxes). This is typically a routine compensation event rather than an open-market purchase or sale; it does not by itself indicate the insider’s view on the stock.
• Codes: M = exercise/conversion of a derivative (here, RSUs converting into shares); F = shares withheld to satisfy tax withholding.