NWL Form 3: Robert Posthauer Discloses RSUs, PRSUs and Options
Rhea-AI Filing Summary
Newell Brands Inc. (NWL) Form 3: Robert F. Posthauer filed an initial Form 3 reporting his holdings and awards. He directly owns 57,316 shares of common stock and holds multiple restricted stock unit grants and stock options that vest over time. Reported equity awards include TRSUs and PRSUs totaling 57,291 underlying shares across listed awards and 23,225 stock options/rights exercisable through 2032 with exercise prices shown.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine officer filing discloses direct shares and time- and performance-based awards with multi-year vesting schedules.
The Form 3 documents standard Section 16 reporting for an officer. The filing shows direct ownership of 57,316 shares plus multiple time-based restricted stock units and performance-based RSUs with staged vesting through 2028 and certified performance-based vesting events for 70% in 2025. This is a compliance disclosure rather than a material corporate event.
TL;DR: Disclosure details equity compensation mix—RSUs, PRSUs and listed stock options—typical for senior management, limited immediate market impact.
The reporting shows a mix of direct equity and derivative instruments: several TRSU/RSU grants and two option grants exercisable in 2031 and 2032 at $28.69 and $25.86 respectively. Vesting terms are disclosed clearly; there are no sales or purchases reported that would change outstanding share counts immediately.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (9)
- F1. Each time-based restricted stock unit ("TRSU") represents a contingent right to receive one share of the Company's common stock.
- F2. The TRSU's vest ratably in one-third increments on the original grant date's (February 17, 2023) first, second and third anniversaries, subject to the Reporting Person's continuous employment with the Company, with the remaining TRSUs reported schedule to vest on February 17, 2026.
- F3. N/A
- F4. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- F5. The TRSUs vest ratably in one-third increments on the original grant date's (February 16, 2024) first, second and third anniversaries, subject to the Reporting Person's continuous employment with the Company, with the remaining TRSUs reported scheduled to vest on February 16, 2026 and February 16, 2027.
- F6. The TRSUs vest ratably in one-third increments on the original grant date's (February 17, 2025) first, second and third anniversaries, subject to the Reporting Person's continuous employment with the Company, with the TRSUs reported scheduled to vest on February 17, 2026, February 17, 2027, and February 17, 2028.
- F7. Each Performance Based Restricted Stock Unit ("PRSU") represents the right to receive one share of the Company's common stock.
- F8. The Company's Compensation and Human Capital Committee certified the Company's performance metrics established for the Reporting Person's PRSUs granted on July 5, 2023. The terms of the Reporting Person's PRSUs provide for a seventy percent (70%) vesting on July 5, 2025, and a thirty percent (30%) vesting on July 5, 2026, subject to the continuous employment with the Company, with the remaining PRSUs reported scheduled to vest on July 5, 2026.
- F9. The options vest ratably in one-third increments on the first, second and third anniversaries of the grant date.
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