Form 4: Newell Brands Chief Accounting Officer Reports RSU Vesting and Tax-Related Share Disposition

Newell Brands Inc.'s Chief Accounting Officer, Robert Andrew Schmidt, reported the vesting of Restricted Stock Units and a subsequent disposition of shares to cover tax obligations.

Summary

• Robert Andrew Schmidt, Chief Accounting Officer of Newell Brands Inc. (NWL), reported transactions on May 31, 2025, related to his beneficial ownership.
• Mr. Schmidt acquired 7,286 shares of Newell Brands common stock through the vesting and conversion of Restricted Stock Units (RSUs), which were acquired at a price of $0.
• Concurrently, 2,496 shares were disposed of to cover tax withholding obligations associated with the RSU vesting.
• The shares disposed for tax purposes were valued at $5.3 per share, based on the company's closing stock price on May 30, 2025.
• Following these transactions, Mr. Schmidt directly holds 4,790 shares of Newell Brands common stock.
• Additionally, Mr. Schmidt has a direct ownership of 10,728 shares jointly with his spouse, which was not part of these specific transactions.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The vesting of RSUs is a positive event for the insider, representing earned compensation and increased personal stake. The tax withholding is a standard and expected part of such transactions, not indicating a negative operational event for the company.

Positives

• The vesting of 7,286 Restricted Stock Units represents earned compensation for the Chief Accounting Officer, indicating a successful retention and incentive program for key management.
• The acquisition of shares at a $0 price through RSU conversion increases the officer's direct stake in the company, aligning his interests with shareholders.

Negatives

• A disposition of 2,496 shares was necessary to cover tax liabilities, which slightly reduces the net shares acquired by the officer from the RSU vesting.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction report, reflecting compensation events for a corporate officer. It does not provide information on broader industry trends or competitive landscape.

Related Party Transactions

• The transaction involves the vesting of Restricted Stock Units and subsequent share disposition for tax purposes, which are compensation-related dealings between the company and its Chief Accounting Officer.

Stakeholder Impact

• Shareholders: The vesting of RSUs results in a minor increase in outstanding shares, which is a standard part of equity compensation plans and typically has a negligible dilutive effect.
• Employees (specifically the reporting person): The transaction represents the realization of equity compensation, positively impacting the Chief Accounting Officer's personal wealth and aligning his interests with the company's performance.

Key Dates

Keywords

Newell Brands Inc., NWL, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Share Disposition, Chief Accounting Officer, Beneficial Ownership, Tax Withholding