Form 4: Newell Brands Executive Michael McDermott Reports Stock Transactions

Michael McDermott, a Segment CEO at Newell Brands, reported the acquisition and disposal of company stock and restricted stock units over three days in February 2025.

Summary

• Michael McDermott, a Segment CEO at Newell Brands, filed a Form 4 detailing changes in beneficial ownership of company stock.
• The transactions occurred between February 16, 2025, and February 18, 2025.
• McDermott acquired shares through the vesting of restricted stock units and disposed of shares to cover tax obligations.
• He acquired 30,421 shares on February 16, 2025, 19,015 shares on February 17, 2025, and 6,583 shares on February 18, 2025, through the vesting of restricted stock units.
• He disposed of 9,429 shares on February 16, 2025, 5,505 shares on February 17, 2025, and 1,906 shares on February 18, 2025, to cover taxes.
• Following these transactions, McDermott directly owns 126,025 shares of Newell Brands common stock and indirectly owns 4,073.54 shares through a 401(k) plan.
• He also holds 0 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions by an executive, with no inherent positive or negative implications for the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal impact on shareholders, as they represent routine stock activity by an executive.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Newell Brands, McDermott, NWL