Form 4: Newell Brands Executive Bradford R. Turner Reports Stock Transactions
SEC Form 4
Bradford R. Turner, Chief Legal & Admin. Officer of Newell Brands, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- Bradford R. Turner, a Chief Legal & Admin. Officer at Newell Brands, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- The transactions involve the vesting of restricted stock units (RSUs) and the subsequent disposition of shares to cover tax obligations.
- On February 16, 2025, 39,385 shares vested, and 12,358 shares were disposed of at a price of $7.055 to cover taxes.
- On February 17, 2025, 23,070 shares vested, and 6,885 shares were disposed of at a price of $7.055 to cover taxes.
- On February 18, 2025, 13,921 shares vested, and 4,155 shares were disposed of at a price of $6.87 to cover taxes.
- Following these transactions, Turner directly owns 283,232 shares of Newell Brands common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The vesting of RSUs is a common form of equity compensation.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- Tax withholding practices related to RSU vesting are standard across publicly traded companies.
- Comparable companies such as Stanley Black & Decker (SWK) and Whirlpool Corporation (WHR) also utilize RSU grants as part of their executive compensation plans.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.
- Employees are indirectly impacted as these transactions reflect the company's compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/16/2025 | Vesting of 39,385 restricted stock units and disposition of 12,358 shares for tax withholding. |
| 02/17/2025 | Vesting of 23,070 restricted stock units and disposition of 6,885 shares for tax withholding. |
| 02/18/2025 | Vesting of 13,921 restricted stock units and disposition of 4,155 shares for tax withholding. |
| 02/19/2025 | Date of Form 4 signature. |
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