Newell Brands (NWL) executive reports RSU vesting, tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NEWELL BRANDS INC. executive Nicolas Duran, President, Outdoor & Rec., reported multiple equity award transactions involving restricted stock units and common stock. On February 16 and 17, he exercised or converted time-based restricted stock units into common shares at no cash exercise price, increasing his direct holdings.
To cover taxes owed on these vestings, the company withheld 3,826 and 12,178 shares on February 16 at $4.70 per share, and 4,653 shares on February 17 at $4.67 per share, as reflected in tax-withholding disposition transactions. After these movements, Duran directly held 77,026 shares of Newell Brands common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
64,265 shares exercised/converted
Mixed
9 txns
Insider
Duran Nicolas
Role
President, Outdoor & Rec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,591 | $0.00 | -- |
| Exercise | Common Stock | 15,591 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,653 | $4.67 | $22K |
| Exercise | Restricted Stock Units | 12,820 | $0.00 | -- |
| Exercise | Restricted Stock Units | 35,854 | $0.00 | -- |
| Exercise | Common Stock | 12,820 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,826 | $4.70 | $18K |
| Exercise | Common Stock | 35,854 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,178 | $4.70 | $57K |
Holdings After Transaction:
Restricted Stock Units — 31,184 shares (Direct);
Common Stock — 81,679 shares (Direct)
Footnotes (1)
- Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 13, 2026. Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 17, 2026. Each Time Based Restricted Stock Unit ("TRSU") represents a contingent right to receive one share of the Company's common stock. The TRSU vests ratably in one-third increments on the grant date's first, second and third anniversaries, subject to the reporting person's continuous employment with the Company. N/A The transition award restricted stock unit vests ratably in two (2) increments on the grant date's first and second anniversaries, subject to the reporting person's continuous employment with the Company.
FAQ
What did Newell Brands (NWL) executive Nicolas Duran report in this Form 4?
Nicolas Duran reported vesting and conversion of restricted stock units into Newell Brands common stock, plus share withholdings for taxes. The transactions reflect routine equity compensation activity rather than open-market buying or selling, and leave him with 77,026 directly held shares after the reported movements.
Were the Newell Brands (NWL) Form 4 transactions open-market purchases or sales?
The transactions were not open-market trades; they involved exercises or conversions of restricted stock units and tax-withholding dispositions. Code “M” entries show derivative exercises into common stock, while code “F” entries reflect shares withheld to pay taxes on vesting, using closing stock prices.
What role do restricted stock units play in Nicolas Duran’s Newell Brands (NWL) compensation?
Restricted stock units form part of Duran’s equity compensation, vesting over time and converting into common stock. Footnotes describe time-based RSUs that vest in scheduled increments, contingent on continuous employment, and each unit represents a contingent right to receive one Newell Brands common share.
Does this Newell Brands (NWL) Form 4 indicate large insider selling by Nicolas Duran?
The Form 4 reflects tax-withholding dispositions and RSU conversions, not discretionary open-market selling. Shares coded with transaction code “F” were delivered to satisfy tax liabilities upon vesting, while code “M” entries reflect derivative exercises that increased his direct common stock holdings.