Newell Brands (NWL) CLO exercises 125,000 PRSUs; 56,051 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NEWELL BRANDS INC. Chief Legal & Admin. Officer Bradford R. Turner reported compensation-related share movements tied to vesting of performance-based restricted stock units. He exercised derivative awards covering 125,000 shares of common stock, converting restricted stock units into shares.
To cover associated tax obligations on the vesting, 56,051 shares of common stock were disposed of through share withholding at $5.83 per share, rather than through an open-market sale. Following these transactions, Turner holds 533,398 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
125,000 shares exercised/converted
Mixed
3 txns
Insider
Turner Bradford R
Role
Chief Legal & Admin. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 125,000 | $0.00 | -- |
| Exercise | Common Stock | 125,000 | $5.83 | $729K |
| Tax Withholding | Common Stock | 56,051 | $5.83 | $327K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 589,449 shares (Direct, null)
Footnotes (1)
- The withholding of shares to cover taxes on the vesting was calculated on the Company's closing stock price on July 2, 2026. Each Performance Based Restricted Stock Unit ("PRSU") represents the right to receive one share of the Company's common stock. The terms of the Reporting Person's PRSUs granted on July 5, 2023 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. N/A
Key Figures
PRSUs exercised: 125,000 shares
Shares withheld for taxes: 56,051 shares
Withholding price: $5.83 per share
+3 more
6 metrics
PRSUs exercised
125,000 shares
Performance-based restricted stock units converted to common stock
Shares withheld for taxes
56,051 shares
Withholding to cover tax liability on vesting
Withholding price
$5.83 per share
Value used for tax-withholding disposition
Post-transaction holdings
533,398 shares
Common stock held directly after reported transactions
Tax-withholding shares (summary)
56,051 shares
Aggregate tax withholding in transaction summary
Exercises (summary)
125,000 shares
ExerciseShares in transaction summary for derivative exercise
Key Terms
Performance Based Restricted Stock Unit ("PRSU"), withholding of shares to cover taxes, vesting, continuous employment with the Company
4 terms
Performance Based Restricted Stock Unit ("PRSU") financial
"Each Performance Based Restricted Stock Unit ("PRSU") represents the right to receive one share..."
vesting financial
"The terms of the Reporting Person's PRSUs... provide for a seventy percent (70%) vesting..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continuous employment with the Company financial
"..., and a thirty percent (30%) vesting on July 5, 2026, subject to the continuous employment with the Company."
FAQ
What did Newell Brands (NWL) insider Bradford R. Turner report in this Form 4?
Bradford R. Turner reported the vesting and exercise of 125,000 performance-based restricted stock units into common shares, along with a related share withholding transaction to cover tax obligations under the company’s equity compensation program.
What type of awards vested for Newell Brands (NWL) officer Bradford R. Turner?
The filing describes vesting of Performance Based Restricted Stock Units (PRSUs), where each PRSU represents the right to receive one share of Newell Brands common stock upon satisfying vesting conditions and continued employment with the company.
What are the vesting terms for Bradford R. Turner’s Newell Brands (NWL) PRSUs?
The PRSUs granted on July 5, 2023 vest in two tranches: 70% on July 5, 2025 and 30% on July 5, 2026, conditioned on Turner’s continuous employment with Newell Brands.