Form 4: Newell Brands Executive Bradford R. Turner Reports Acquisition of Restricted Stock Units

Bradford R. Turner, Chief Legal & Admin. Officer of Newell Brands, reports the acquisition of restricted stock units.

Summary

• Bradford R. Turner, Chief Legal & Admin. Officer of Newell Brands, filed a Form 4 detailing changes in beneficial ownership.
• On February 13, 2025, Turner acquired 416,666 Performance Based Restricted Stock Units (PRSUs).
• These PRSUs vest 70% on July 5, 2025, and 30% on July 5, 2026, contingent upon continuous employment with the company.
• The Compensation and Human Capital Committee certified the company's performance metrics for these PRSUs granted on July 5, 2023.
• On February 17, 2025, Turner acquired 138,199 restricted stock units that vest ratably in one-third increments on the grant date's first, second and third anniversaries, subject to continuous employment.
• Following these transactions, Turner directly owns 554,865 restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of restricted stock units by a key executive is generally a positive sign, indicating confidence in the company's future. The vesting schedules also align the executive's interests with long-term shareholder value.

Positives

• The acquisition of restricted stock units suggests confidence in the company's future performance from the executive.
• The vesting schedules tied to continuous employment align executive interests with long-term company success.

Future Outlook

The vesting of the restricted stock units is contingent upon continuous employment, suggesting an expectation of continued service from the executive.

Industry Context

Executive compensation through stock grants is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly listed companies like Newell Brands (NWL).
• Companies such as Procter & Gamble (PG) and Unilever (UL) also utilize restricted stock units as part of their executive compensation packages.
• The vesting schedules and performance-based criteria are generally aligned with industry norms to incentivize long-term value creation.

Stakeholder Impact

• Shareholders may view the acquisition of restricted stock units by a key executive as a positive sign, aligning management's interests with long-term company performance.
• Employees may see this as a sign of stability and confidence in the company's future.

Key Dates