Form 4: Spectrum Brands Executive Exercises Stock Options, Disposes of Shares for Tax Obligations

EVP, GC & Corporate Secretary of Spectrum Brands Holdings, Ehsan Zargar, exercised stock options and disposed of shares to cover tax obligations and the exercise price.

Summary

• On May 10, 2024, Ehsan Zargar, EVP, GC & Corporate Secretary of Spectrum Brands Holdings, exercised stock options for 5,009 shares of common stock at a price of $82.86.
• Following the exercise, 246 shares were withheld by the company to satisfy tax withholding obligations.
• Additionally, 4,379 shares were withheld by the company to cover the exercise price of the option.
• After these transactions, Zargar beneficially owns 147,244 shares of Spectrum Brands Holdings, Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock option exercises and share disposals, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of executive stock option exercises and related share disposals, common in publicly traded companies. It provides transparency into executive compensation and ownership.

Comparison to Industry Standards

• Executive compensation practices, including stock options, are common across publicly traded companies.
• Companies like Procter & Gamble (PG), Clorox (CLX), and Church & Dwight (CHD) also utilize stock options as part of their executive compensation packages.
• The specific terms and amounts of these options vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares relative to the total outstanding.
• The exercise of stock options is part of the executive's compensation package, aligning their interests with those of the shareholders.

Key Dates