Form 4: Spectrum Brands Exec Awarded RSUs, Adjusts Holdings

Spectrum Brands Holdings, Inc. EVP, GC & Corporate Secretary Ehsan Zargar was awarded 9,864 restricted stock units and adjusted reported beneficial ownership.

Summary

• Ehsan Zargar, Executive Vice President, General Counsel, and Corporate Secretary of Spectrum Brands Holdings, Inc. (SPB), was awarded 9,864 shares of common stock.
• These shares are restricted stock units (RSUs) that are scheduled to vest on December 1, 2028, contingent on Zargar's continued employment with the Issuer.
• The transaction date for this award was December 12, 2025, with a price of $0 per share, typical for RSU awards.
• Following this transaction, Zargar's direct beneficial ownership of Spectrum Brands common stock is reported as 153,620 shares.
• The reported beneficial ownership includes an adjustment for 12,683 shares transferred pursuant to a domestic relations order, which were inadvertently omitted from a previous Form 4 filed on December 4, 2020.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 6

Explanation: The award of restricted stock units to a key executive is generally a positive sign of retention and alignment. The correction of a prior omission is an administrative matter, not indicative of a negative operational or financial event.

Positives

• Ehsan Zargar, a key executive, received an award of 9,864 restricted stock units, aligning his interests with long-term shareholder value.
• The award demonstrates continued commitment and retention of a senior executive.

Negatives

• An administrative oversight led to the inadvertent omission of 12,683 shares transferred via a domestic relations order from a prior Form 4 filing, requiring a correction.

Risks

• The vesting of the 9,864 restricted stock units is contingent upon Ehsan Zargar remaining an employee of Spectrum Brands Holdings, Inc. until December 1, 2028.

Future Outlook

Ehsan Zargar's 9,864 restricted stock units are scheduled to vest on December 1, 2028, provided he remains an employee of Spectrum Brands Holdings, Inc.

Industry Context

The award of restricted stock units to a senior executive is a standard practice in corporate compensation, designed to incentivize long-term performance and retention by aligning executive interests with shareholder returns. The use of a Rule 10b5-1 plan is also a common practice for insiders to pre-arrange stock transactions in compliance with insider trading regulations.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with long-term shareholder value through equity compensation.
• Employees: Demonstrates the company's commitment to executive retention and performance-based incentives.

Next Steps

• Continued employment of Ehsan Zargar with Spectrum Brands Holdings, Inc. until December 1, 2028, for the restricted stock units to vest.

Key Dates

Keywords

Spectrum Brands, SPB, Ehsan Zargar, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Form 4, Corporate Governance, Rule 10b5-1