Form 4: Spectrum Brands Director Acquires Restricted Stock Units

Spectrum Brands Holdings director Leslie Lloyd Campbell was granted 1,385 restricted stock units, which will vest on October 1, 2025, if they remain a director.

Summary

• Leslie Lloyd Campbell, a director at Spectrum Brands Holdings, Inc., was granted 1,385 restricted stock units on November 19, 2024.
• These restricted stock units are scheduled to vest on October 1, 2025, provided Campbell remains a director of the company on that date.
• The units were granted at a price of $90.26 per share.
• Following this transaction, Campbell beneficially owns 11,771 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock grants to a director, which is generally viewed as a positive sign of alignment between management and shareholders. There is no indication of any negative sentiment.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.
• The vesting condition encourages continued service and commitment from the director.

Future Outlook

The restricted stock units will vest on October 1, 2025, if the director remains on the board.

Industry Context

This is a standard practice for aligning the interests of directors with the company's performance and long-term value creation.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice across publicly traded companies to incentivize and retain board members.
• The vesting period of approximately 11 months is within the typical range for such grants.
• The value of the grant is consistent with the company's compensation policies and market practices.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of shareholders.
• The vesting schedule encourages the director's continued service and commitment to the company.

Key Dates

Keywords

restricted stock units, director, beneficial ownership, stock grant, Spectrum Brands Holdings, equity compensation