Malkoski Kristine Kay 4

What Happened
Kristine Kay Malkoski, President, Learning & Development at Newell Brands (NWL), had restricted stock units convert to common shares on February 16–17, 2026. In total 137,200 units converted into shares (exercise/conversion code M, $0 exercise price). To cover tax withholding (code F), 42,301 shares were withheld and disposed, generating approximately $197,818 in value. Net shares added to her holdings from the vesting/conversion were 94,899 shares.

Key Details

• Transactions: Feb 16–17, 2026
  • Conversions (M): 30,421; 19,016; 34,254; 53,509 shares (total 137,200) at $0.00 exercise price.
  • Tax withholdings (F): 9,078 @ $4.70 ($42,667); 5,675 @ $4.67 ($26,502); 10,222 @ $4.67 ($47,737); 17,326 @ $4.67 ($80,912). Total withheld value ≈ $197,818.
• Net increase in shares held: 137,200 converted − 42,301 withheld = 94,899 net new shares.
• Shares owned after transaction: Not disclosed on summary provided.
• Relevant footnotes:
  • Withholding valued using closing prices on Feb 13 and Feb 17, 2026 (F1, F2).
  • TRSUs vest ratably in one-third increments over three years (F4, F5).
  • PRSUs vested on Feb 17, 2026, subject to employment (F7, F8).
  • Some shares are in a joint account with spouse (F3).
• Filing timeliness: No late filing flag indicated in the information provided.

Context

• These were conversions/vestings of time-based and performance-based restricted stock units (TRSUs and PRSUs), not open-market purchases or discretionary sales. The conversion had no cash exercise price; shares were withheld to satisfy tax obligations (a routine, cashless-like settlement for tax withholding). Transaction codes: M = exercise/conversion of derivative; F = shares withheld/paid to cover taxes.