Form 4: Newell Brands CFO Mark Erceg Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer Mark Erceg reports transactions involving Newell Brands stock, including the vesting of restricted stock units and associated tax withholding.
Summary
- On February 16, 2025, Mark Erceg, the CFO of Newell Brands, reported the vesting of 78,226 restricted stock units and the subsequent disposal of 23,879 shares to cover taxes at a price of $7.055 per share.
- Following these transactions, Erceg directly owns 83,140.35 shares of Newell Brands common stock.
- On February 17, 2025, Erceg reported the vesting of 40,268 restricted stock units and the subsequent disposal of 12,016 shares to cover taxes at a price of $7.055 per share.
- Following these transactions, Erceg directly owns 111,392.35 shares of Newell Brands common stock.
- Erceg also indirectly owns 243,725 shares jointly with his spouse and 2,472.26 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice across all publicly listed companies in the US and are required by the SEC.
- The information provided in this filing is similar to that disclosed by executives at comparable companies when they exercise stock options or have restricted stock units vest.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the increase in the number of shares available in the market.
- The vesting of restricted stock units is part of the executive compensation plan, impacting the CFO's overall remuneration.
Key Dates
| Date | Description |
|---|---|
| 02/16/2025 | Vesting of 78,226 restricted stock units and disposal of 23,879 shares for tax withholding. |
| 02/17/2025 | Vesting of 40,268 restricted stock units and disposal of 12,016 shares for tax withholding. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
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