Jeffrey Sesplankis - Feb 16, 2024 Form 4 Insider Report for NEWELL BRANDS INC. (NWL)

Signature
/s/ Bradford R. Turner, Attorney in Fact for Jeffrey Sesplankis
Stock symbol
NWL
Transactions as of
Feb 16, 2024
Transactions value $
-$24,682
Form type
4
Date filed
2/21/2024, 04:12 PM
Previous filing
Jul 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWL Common Stock Options Exercise $0 +2.1K $0.00 2.1K Feb 16, 2024 Direct F1
transaction NWL Common Stock Tax liability -$5.67K -739 -35.17% $7.67 1.36K Feb 16, 2024 Direct F2
transaction NWL Common Stock Options Exercise $0 +2.52K +185.24% $0.00 3.89K Feb 16, 2024 Direct
transaction NWL Common Stock Tax liability -$6.8K -887 -22.83% $7.67 3K Feb 16, 2024 Direct F2
transaction NWL Common Stock Options Exercise $0 +4.53K +151.1% $0.00 7.53K Feb 17, 2024 Direct
transaction NWL Common Stock Tax liability -$12.2K -1.59K -21.15% $7.67 5.94K Feb 16, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NWL Restricted Stock Units Options Exercise $0 -2.1K -100% $0.00* 0 Feb 16, 2024 Common Stock 2.1K Direct F3, F4, F5
transaction NWL Restricted Stock Units Options Exercise $0 -2.52K -100% $0.00* 0 Feb 16, 2024 Common Stock 2.52K Direct F6, F7, F8
transaction NWL Restricted Stock Units Options Exercise $0 -4.53K -100% $0.00* 0 Feb 17, 2024 Common Stock 4.53K Direct F6, F7, F8
transaction NWL Restricted Stock Units Award $0 +21.5K $0.00 21.5K Feb 16, 2024 Common Stock 21.5K Direct F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Company's Compensation and Human Capital Committee certified partial achievement of the pre-established performance goals resulting in the vesting of the Reporting Person's target shares. The terms of the Reporting Person's Performance-Based Restricted Stock Units ("PRSU") provided for the payout of 0% to 200% of the original grant based on the actual achievement of performance metrics related to core sales growth and cumulative free cash flow between January 1, 2021. and December 31, 2023.
F2 Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 16, 2024.
F3 Each PRSU represents the right to receive, following vesting, between 0% and 200% of one share of the Company's common stock.
F4 Each PRSU represents the right to receive, following vesting. between 0% and 200% of one share of the Company's common stock based upon the achievement of pre-established performance metrics related to core sales growth and cumulative free cash flow over a three (3) year period between January 1, 2021, and December 31, 2023, and certification of such performance by the Company's Compensation and Human Capital Committee following the conclusion of the performance period.
F5 If and to the extent the relevant performance criteria are not met, the PRSU expires on the third anniversary of the grant date with a payout of 0%.
F6 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F7 The restricted stock unit 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.
F8 N/A