Michal Geller - May 4, 2024 Form 4 Insider Report for NEWELL BRANDS INC. (NWL)

Signature
/s/ Bradford R. Turner, Attorney in Fact for Michal Geller
Stock symbol
NWL
Transactions as of
May 4, 2024
Transactions value $
-$24,612
Form type
4
Date filed
5/7/2024, 04:10 PM
Previous filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWL Common Stock Options Exercise $0 +3.92K +28.66% $0.00 17.6K May 4, 2024 Direct F1
transaction NWL Common Stock Tax liability -$11.2K -1.46K -8.3% $7.66 16.1K May 4, 2024 Direct F2
transaction NWL Common Stock Options Exercise $0 +4.7K +29.15% $0.00 20.8K May 4, 2024 Direct
transaction NWL Common Stock Tax liability -$13.4K -1.75K -8.41% $7.66 19.1K May 4, 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 -3.92K -100% $0.00* 0 May 4, 2024 Common Stock 3.92K Direct F3, F4, F5
transaction NWL Restricted Stock Units Options Exercise $0 -4.7K -100% $0.00* 0 May 4, 2024 Common Stock 4.7K 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 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, 2022, and December 31, 2024.
F2 Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on May 3, 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, 2022, and December 31, 2024, 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 on the third anniversary of the grant date, subject to the Reporting Person's continuous employment with the Company.
F8 N/A