Duran Nicolas 4

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).