Form 4: Spectrum Brands Director Hugh R. Rovit Acquires Restricted Stock Units

Director Hugh R. Rovit of Spectrum Brands Holdings, Inc. was granted 2,548 restricted stock units, which will vest on October 1, 2025, if he remains a director.

Summary

• Hugh R. Rovit, a director at Spectrum Brands Holdings, Inc., acquired 2,548 restricted stock units on November 19, 2024.
• These restricted stock units will convert into common stock.
• The units are scheduled to vest on October 1, 2025, contingent on Mr. Rovit's continued service as a director.
• The acquisition was made at a price of $90.26 per unit.
• Following this transaction, Mr. Rovit beneficially owns 48,332 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock units to a director, which is generally positive for aligning interests, but not a major event.

Positives

• The acquisition of restricted stock units aligns the director's interests with the company's long-term performance.
• 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 in service.

Industry Context

The granting of restricted stock units is a common practice for aligning the interests of directors with the long-term performance of the company.

Comparison to Industry Standards

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

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders, as the value of the stock units is tied to the company's performance.

Key Dates

Keywords

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