Form 4: Spectrum Brands Executive Acquires Shares Through Restricted Stock Unit Award

Ehsan Zargar, EVP, GC & Corporate Secretary of Spectrum Brands Holdings, acquired 5,983 shares of common stock through a restricted stock unit award.

Summary

• Ehsan Zargar, an executive at Spectrum Brands Holdings, acquired 5,983 shares of the company's common stock.
• The acquisition was made through a restricted stock unit award.
• The shares were acquired at a price of $90.26 per share.
• The restricted stock units are scheduled to vest on December 3, 2027, contingent on Mr. Zargar's continued employment with the company.
• Following this transaction, Mr. Zargar directly owns 153,227 shares of Spectrum Brands common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed positively as it aligns management with shareholder interests. There are no indications of any negative issues.

Positives

• The acquisition of shares by an executive demonstrates confidence in the company's future.
• The vesting schedule of the restricted stock units aligns the executive's interests with the long-term performance of the company.

Future Outlook

The restricted stock units will vest on December 3, 2027, contingent on Mr. Zargar's continued employment.

Industry Context

This is a standard practice for executive compensation in publicly traded companies, aligning management's interests with shareholder value.

Comparison to Industry Standards

• Restricted stock unit awards are a common form of executive compensation in publicly traded companies like Spectrum Brands.
• Companies such as Newell Brands, Stanley Black & Decker, and Whirlpool also use similar equity-based compensation plans to incentivize their executives.
• The vesting period of approximately three years is also typical for these types of awards, aligning executive interests with long-term company performance.

Stakeholder Impact

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

Key Dates

Keywords

Spectrum Brands, Ehsan Zargar, restricted stock units, share acquisition, executive compensation, Form 4, insider trading