Duran Nicolas 4

4 · NEWELL BRANDS INC. · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

Newell Brands (NWL) President Nicolas Duran Exercises RSUs; Shares Withheld

What Happened

Nicolas Duran, President, Outdoor & Recreation at Newell Brands (NWL), had Time‑Based Restricted Stock Units (TRSUs) convert into common stock on Feb 16–17, 2026. A total of 64,265 shares were acquired through conversion (12,820 + 35,854 + 15,591). To satisfy tax withholding, 20,657 shares were withheld (3,826 + 12,178 + 4,653) for total withholding value of $96,949 (reported at $4.70 and $4.67 per share).
The conversions are reported as derivative exercises (code M). The withholdings to cover taxes are reported as disposals (code F). No open‑market sale was reported — the shares were withheld by the company to cover tax obligations.

Key Details

Transaction dates: Feb 16, 2026 and Feb 17, 2026. Filing date: Feb 18, 2026 (filed promptly).
Exercise/Conversion: 12,820; 35,854; 15,591 TRSUs converted to common stock at $0.00 exercise price (these are RSU conversions, not option purchases).
Tax withholding: 3,826 shares @ $4.70 = $17,982; 12,178 shares @ $4.70 = $57,237; 4,653 shares @ $4.67 = $21,730. Total withheld ≈ $96,949.
Net new shares retained by Duran from this vesting: 64,265 converted − 20,657 withheld = 43,608 net shares.
Shares owned after transaction: not specified in the provided filing excerpt.
Footnotes: F1/F2 — withholding calculated using closing stock prices (Feb 13 and Feb 17, 2026). F3/F4/F6 — each TRSU converts 1:1 to common stock; TRSUs vest ratably per grant schedules (one‑third annual tranches or two incremental tranches for transition awards).
Transaction codes: M = exercise/conversion of derivative (TRSU conversion); F = shares withheld for tax payment.

Context

These transactions are routine vesting and tax withholding events (RSU conversion and cashless tax withholding), not open‑market purchases or sales. Such withholdings are common and do not necessarily indicate a change in insider sentiment.
The filing appears timely (reported within two business days of the transactions).

Form 4

Period: 2026-02-16

President, Outdoor & Rec.

Transactions

Exercise/Conversion
Common Stock
2026-02-16+12,820→ 46,238 total
Tax Payment
Common Stock
[F1]
2026-02-16$4.70/sh−3,826$17,982→ 42,412 total
Exercise/Conversion
Common Stock
2026-02-16+35,854→ 78,266 total
Tax Payment
Common Stock
[F1]
2026-02-16$4.70/sh−12,178$57,237→ 66,088 total
Exercise/Conversion
Common Stock
2026-02-17+15,591→ 81,679 total
Tax Payment
Common Stock
[F2]
2026-02-17$4.67/sh−4,653$21,730→ 77,026 total
Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]
2026-02-16−12,820→ 12,821 total
→ Common Stock (12,820 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F6][F5]
2026-02-16−35,854→ 0 total
→ Common Stock (35,854 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]
2026-02-17−15,591→ 31,184 total
→ Common Stock (15,591 underlying)

Footnotes (6)

[F1]Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 13, 2026.
[F2]Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 17, 2026.
[F3]Each Time Based Restricted Stock Unit ("TRSU") represents a contingent right to receive one share of the Company's common stock.
[F4]The TRSU vests ratably in one-third increments on the grant date's first, second and third anniversaries, subject to the reporting person's continuous employment with the Company.
[F5]N/A
[F6]The transition award restricted stock unit vests ratably in two (2) increments on the grant date's first and second anniversaries, subject to the reporting person's continuous employment with the Company.

Signature

/s/ Bradford R. Turner, Attorney in Fact for Nicolas Duran|2026-02-18

1 file