Form 4: Newell Brands Chief Legal Officer Reports Significant Equity Vesting and Tax Withholding

Newell Brands Inc.'s Chief Legal & Administrative Officer, Bradford R. Turner, reported the vesting of performance-based restricted stock units and subsequent share transactions for tax purposes.

Summary

• Bradford R. Turner, Chief Legal & Administrative Officer of Newell Brands Inc. (NWL), reported transactions related to his beneficial ownership of company stock.
• On July 5, 2025, 291,666 shares of common stock were acquired at a price of $0, resulting from the vesting of Performance Based Restricted Stock Units (PRSUs).
• These PRSUs were granted on July 5, 2023, and this transaction represents a 70% vesting of that grant.
• Concurrently, 130,784 shares of common stock were disposed of at a price of $5.84 per share on July 5, 2025, to cover tax obligations related to the vesting.
• The tax withholding amount was calculated based on the Company's closing stock price on July 3, 2025.
• Following these transactions, Bradford R. Turner's direct beneficial ownership of common stock stands at 444,114 shares.

Sentiment

Score: 6

Explanation: The document reports a routine, pre-scheduled executive compensation event (equity vesting) and associated tax withholding. This is a neutral to slightly positive event as it signifies the executive's continued alignment with the company through equity ownership, albeit with a portion sold for taxes.

Positives

• The vesting of 291,666 performance-based restricted stock units indicates the fulfillment of compensation agreements and potentially the achievement of performance targets, aligning executive incentives with company performance.
• The executive's continued significant beneficial ownership of 444,114 shares demonstrates ongoing alignment with shareholder interests.

Negatives

• A substantial portion of the vested shares (130,784 shares) were immediately disposed of to cover tax liabilities, reducing the net shares retained by the executive.

Future Outlook

The remaining 30% of the Performance Based Restricted Stock Units granted on July 5, 2023, are scheduled to vest on July 5, 2026, contingent upon the reporting person's continuous employment with the company.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically related to executive compensation through equity awards. Such transactions are common across publicly traded companies as a standard component of executive incentive and retention programs.

Stakeholder Impact

• Shareholders: The vesting and subsequent tax-related disposition of shares are part of the company's established executive compensation plan, which can lead to minor dilution but is generally expected. The executive's continued significant shareholding aligns their interests with shareholders.
• Employees: This transaction is specific to executive compensation and does not directly impact the broader employee base, though it reflects the company's compensation structure for senior leadership.

Next Steps

• The remaining 30% of the Performance Based Restricted Stock Units are scheduled to vest on July 5, 2026, subject to continuous employment.

Key Dates

Keywords

Newell Brands, NWL, Form 4, Insider Transaction, Stock Vesting, Executive Compensation, Restricted Stock Units, Performance Based Restricted Stock Units, Share Ownership