Form 4: Newell Brands CEO Christopher Peterson Reports Stock Transactions
SEC Form 4 Filing
Christopher Peterson, President & CEO of Newell Brands, reports the vesting and subsequent tax withholding of shares on May 16, 2024.
Summary
- On May 16, 2024, Christopher H. Peterson, the President & CEO of Newell Brands, reported transactions involving Newell Brands common stock.
- These transactions included the vesting of 72,619 restricted stock units and the withholding of 32,563 shares to cover taxes.
- The tax withholding was calculated based on a stock price of $8.37.
- Following these transactions, Peterson directly owns 408,173 shares of Newell Brands common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard corporate practices.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares of Newell Brands.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of the reported transactions: vesting of restricted stock units and tax withholding. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
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