Platt Tracy L 4

What Happened Tracy L. Platt, Chief Human Resources Officer of Newell Brands (NWL), had Time-Based Restricted Stock Units (TRSUs) convert to common shares on Feb 16 and Feb 17, 2026. On Feb 16, 35,745 TRSUs vested and converted to 35,745 shares (exercise/conversion code M, $0.00 exercise price). On Feb 17, 42,251 TRSUs vested and converted to 42,251 shares (M, $0.00). To cover tax withholding obligations, 12,023 shares were surrendered on Feb 16 at an implied value of $4.70 per share for $56,508 (code F), and 12,608 shares were surrendered on Feb 17 at $4.67 per share for $58,879 (code F). Net shares received after withholding were approximately 23,722 (Feb 16) and 29,643 (Feb 17), for a combined net of ~53,365 shares. Total shares that converted = 77,996; total tax withholding proceeds ≈ $115,387.

Key Details

• Transaction dates: Feb 16, 2026 (35,745 TRSUs converted; 12,023 shares withheld at $4.70 = $56,508) and Feb 17, 2026 (42,251 TRSUs converted; 12,608 shares withheld at $4.67 = $58,879).
• Exercise/conversion price: $0.00 per TRSU (these were vested awards converting to shares, not purchases at a cash exercise price).
• Net shares received: ~23,722 (Feb 16) + ~29,643 (Feb 17) = ~53,365 shares.
• Shares owned after transaction: not specified in the provided excerpt of the Form 4 (see the full filing for post-transaction holdings).
• Footnotes: F1/F2 — withholding calculated using company closing prices (Feb 13 and Feb 17, 2026); F3 — each TRSU = right to one share; F4 — TRSUs vest in one-third increments over three anniversaries; F5 — N/A.
• Timeliness: Report filed Feb 18, 2026 for transactions on Feb 16–17, 2026 (filed within the typical 2-business-day window).

Context

• This was a vesting/settlement of restricted stock units, not an open-market purchase or a discretionary sale. The only “disposals” recorded were share surrenders to satisfy tax withholding (code F), a common administrative practice that does not indicate an open-market sale decision.
• For retail investors, receipts of vested awards increase insider exposure to the company’s stock; tax-withholding surrenders are routine and should not be interpreted as a directional bet by the insider.