Form 4: Newell Brands Executive Michael McDermott Reports Significant Stock Transactions

Michael P. McDermott, Segment Co-CEO of Home & Commercial at Newell Brands Inc., reported the vesting of 175,502 performance-based restricted stock units and the subsequent disposition of 77,134 shares for tax withholding.

Summary

• Michael P. McDermott, Segment Co-CEO, Home & Commercial, of Newell Brands Inc. (NWL), reported changes in his beneficial ownership.
• On July 5, 2025, McDermott acquired 175,502 shares of common stock through the vesting of performance-based restricted stock units (PRSUs).
• Concurrently, 77,134 shares were disposed of at a price of $5.84 per share to cover tax obligations related to the vesting. The tax withholding was calculated based on the company's closing stock price on July 3, 2025.
• Following these transactions, McDermott directly owns 224,393 shares of common stock.
• Additionally, McDermott indirectly holds 5,399.53 shares in the Newell Brands Employee Savings Plan (401(k) plan).
• The PRSUs, originally granted on July 5, 2023, have a vesting schedule of 70% on July 5, 2025, and 30% on July 5, 2026, contingent on continuous employment.

Sentiment

Score: 7

Explanation: The document reports a routine insider transaction involving the vesting of executive equity compensation. The acquisition of shares through vesting is a positive for the executive, indicating fulfillment of compensation terms, while the disposition for tax purposes is a standard, neutral event. No negative operational or financial news is present.

Positives

• Vesting of 175,502 performance-based restricted stock units indicates the achievement of performance criteria or tenure requirements for the executive.
• The executive continues to hold a significant number of shares (224,393 directly and 5,399.53 indirectly), aligning his interests with shareholders.

Negatives

• Disposition of 77,134 shares for tax withholding reduces the executive's direct ownership, although this is a standard practice for RSU vesting.

Future Outlook

The document indicates a future vesting event for the remaining 30% of the executive's performance-based restricted stock units on July 5, 2026, subject to continuous employment.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, common across all publicly traded companies. It reflects standard executive compensation practices involving equity awards and tax withholding upon vesting, rather than specific industry trends or competitive actions.

Comparison to Industry Standards

• The reported transactions, specifically the vesting of performance-based restricted stock units and the subsequent sale of shares for tax purposes, are standard practices for executive compensation in publicly traded companies across various industries. There are no specific comparable companies, projects, or results mentioned in this filing to provide a detailed comparative assessment.

Stakeholder Impact

• Shareholders: The vesting and subsequent tax-related sale by a Segment Co-CEO indicates continued alignment of executive interests with shareholder value through equity ownership, though the tax sale slightly reduces direct holdings.
• Employees: The mention of the Newell Brands Employee Savings Plan (401k) indicates a standard employee benefit program, though the specific transaction is executive-level compensation.

Next Steps

• The remaining 30% of the Performance Based Restricted Stock Units (PRSUs) are scheduled to vest on July 5, 2026, contingent on continuous employment with Newell Brands Inc.

Key Dates

Keywords

Newell Brands, NWL, SEC Form 4, Insider Trading, Stock Vesting, Restricted Stock Units, Executive Compensation, Michael McDermott, Beneficial Ownership