Form 4: Spectrum Brands Director Acquires Restricted Stock Units

Spectrum Brands Holdings director, Sherianne James, acquired 2,714 restricted stock units, which will vest on October 1, 2025, if she remains a director.

Summary

• Sherianne James, a director at Spectrum Brands Holdings, acquired 2,714 restricted stock units on November 19, 2024.
• These restricted stock units are scheduled to vest on October 1, 2025, contingent on Ms. James remaining a director of the company on that date.
• The acquisition was made at a price of $90.26 per unit.
• Following this transaction, Ms. James directly owns 21,329 shares of Spectrum Brands Holdings common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of restricted stock units by a director demonstrates alignment with the company's long-term success.
• The vesting condition encourages continued service and commitment from the director.

Future Outlook

The restricted stock units will vest on October 1, 2025, if Sherianne James remains a director of the company.

Industry Context

This is a standard transaction for directors of publicly traded companies, often used as part of their compensation package to align their interests with those of shareholders.

Comparison to Industry Standards

• The use of restricted stock units as part of director compensation is a common practice among publicly traded companies.
• The vesting period of approximately 11 months is within the typical range for such grants.
• Similar companies such as Newell Brands and Helen of Troy also use equity-based compensation for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

restricted stock units, director, beneficial ownership, Form 4, Spectrum Brands Holdings, equity securities, insider trading