Form 4: Spectrum Brands Director Joan Chow Acquires Restricted Stock Units

Spectrum Brands Holdings director Joan Chow was granted 1,385 restricted stock units that will vest in 2025.

Summary

• Director Joan Chow of Spectrum Brands Holdings acquired 1,385 restricted stock units on November 19, 2024.
• These restricted stock units are scheduled to vest on October 1, 2025, provided Ms. Chow remains a director of the company on that date.
• The units will be settled in shares of Spectrum Brands Holdings common stock.
• Following this transaction, Ms. Chow beneficially owns 9,744 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 market-moving event.

Positives

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

Future Outlook

The restricted stock units will vest on October 1, 2025, if Joan Chow remains a director.

Industry Context

This is a standard practice for compensating board members and aligning their interests with the company's performance.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice across publicly traded companies.
• The vesting period of approximately 11 months is typical for such grants.
• The value of the grant is consistent with the compensation packages offered to directors in similar-sized companies.

Stakeholder Impact

• The transaction aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the director.

Next Steps

• The restricted stock units will vest on October 1, 2025, if Joan Chow remains a director.

Key Dates

Keywords

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