Form 4: Spectrum Brands Director Gautam Patel Acquires Restricted Stock Units

Director Gautam Patel of Spectrum Brands Holdings, Inc. was granted 2,770 restricted stock units, which will vest on October 1, 2025, if he remains a director.

Summary

• Gautam Patel, a director at Spectrum Brands Holdings, Inc., acquired 2,770 restricted stock units on November 19, 2024.
• These restricted stock units are scheduled to vest on October 1, 2025, contingent on Mr. Patel's continued service as a director.
• The acquisition was made at a price of $90.26 per unit.
• Following this transaction, Mr. Patel's direct holdings increased to 17,539 shares of common stock.

Sentiment

Score: 7

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

Positives

• The acquisition 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 Mr. Patel remains a director.

Industry Context

This is a standard practice for aligning the interests of directors with the long-term performance of the company through equity-based compensation.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice across publicly traded companies to incentivize long-term value creation.
• Companies like Newell Brands and Helen of Troy, which operate in similar consumer goods sectors, also use equity-based compensation for their directors.
• The vesting period of approximately 11 months is within the typical range for such grants.

Stakeholder Impact

• The transaction aligns the director's interests with shareholders by tying compensation to the company's stock performance.
• The vesting period encourages the director's continued service and commitment to the company.

Key Dates

Keywords

Spectrum Brands Holdings, Gautam Patel, restricted stock units, director, insider trading, Form 4, equity compensation