Form 4: Newell Brands Director Patrick Campbell Reports Stock Transactions

Patrick D. Campbell, a Director at Newell Brands Inc., reported transactions involving restricted stock units and phantom stock, with a total of 39,325 restricted stock units vesting and converting to phantom stock.

Summary

• Director Patrick D. Campbell of Newell Brands Inc. filed a Form 4 detailing transactions related to his beneficial ownership of company securities.
• On May 7, 2026, 39,325 restricted stock units (RSUs) vested. These RSUs represent a contingent right to receive one share of Newell Brands Inc. common stock.
• The vested RSUs were deferred by Mr. Campbell and converted into an equal number of phantom stock units, as per the Deferred Compensation Plan (DCP).
• Following these transactions, Mr. Campbell beneficially owns 39,325 direct shares of common stock and 121,576 phantom stock units.
• The phantom stock units will convert to common stock on a one-for-one basis after his service on the Board concludes.
• The reported total includes 13,622.59 phantom stock units acquired through a dividend reinvestment feature of the DCP, with 5,327.38 acquired since the last report.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine insider stock transactions and compensation plan mechanics rather than significant new financial information or strategic shifts.

Positives

• Director Patrick D. Campbell continues to hold equity in Newell Brands Inc., indicating ongoing commitment.
• The vesting of RSUs and conversion to phantom stock demonstrates the fulfillment of incentive awards.
• Dividend reinvestment in phantom stock units suggests a mechanism for increasing long-term holdings.

Negatives

• The filing details a deferral of stock settlement, which may indicate a desire to postpone immediate realization of value or a strategy within the DCP.
• The specific details of the Deferred Compensation Plan (DCP) and its implications for future cash settlement are not fully elaborated in this filing.

Risks

• The value of the phantom stock units is tied to the future performance and stock price of Newell Brands Inc., exposing Mr. Campbell to market risk.
• The conversion of phantom stock to cash after board service concludes means the timing of liquidity is dependent on his tenure.

Future Outlook

The future outlook for the reported securities is tied to the performance of Newell Brands Inc. common stock. The phantom stock units will convert to common stock after the reporting person's service on the Board ends, and dividend reinvested phantom stock units will be settled for cash after board service.

Management Comments

• "Each restricted stock unit represents a contingent right to receive one share of Newell Brands Inc. common stock."
• "The award shall vest in full upon the earlier of: (i) the first anniversary of the date of the grant of the award or (ii) the next annual meeting of the Company's stockholders, which is at least 50 weeks after the immediately preceding year's annual meeting of the Company's stockholders; provided the Reporting Person remains in continuous service on the Board until such vesting date."
• "The Reporting Person's phantom stock units will convert to shares of the Company's common stock on a one-for-one basis after the end of the Reporting Person's service on the Company's Board, in accordance with the DCP."
• "The report total includes 13,622.59 phantom stock units acquired by the Reporting Person pursuant to a dividend reinvestment feature of the DCP, of which 5327.38 phantom stock units were acquired since the date of the last report."
• "The additional phantom stock units acquired pursuant to the dividend reinvestment feature will be settled for cash after the end of the Reporting Person's service on the Company's Board."

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions in publicly traded companies. The use of RSUs and phantom stock units is common in executive compensation packages across the consumer goods industry, including companies like Newell Brands.

Stakeholder Impact

• Shareholders: The transaction details provide transparency into director compensation and equity holdings, which is a standard aspect of corporate governance.
• Employees: The use of RSUs and phantom stock units reflects the company's compensation strategy for its directors and potentially other key personnel.

Next Steps

• Phantom stock units will convert to common stock after the reporting person's service on the Board concludes.
• Dividend reinvested phantom stock units will be settled for cash after the reporting person's service on the Board concludes.

Key Dates

Keywords

Form 4, Newell Brands Inc., Patrick D. Campbell, Director, Restricted Stock Units, RSU, Phantom Stock, Deferred Compensation Plan, Beneficial Ownership, Stock Vesting, Insider Transaction