Newell Brands exec converts RSUs, withholds shares
NEWELL BRANDS INC. executive Nicolas Duran, President, Outdoor & Rec., reported multiple equity award transactions involving restricted stock units and common stock.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,591 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,591 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,653 | $4.67 | $22K |
| Exercise | Restricted Stock Units | 12,820 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 35,854 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,820 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,826 | $4.70 | $18K |
| Exercise | Common Stock | 35,854 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 12,178 | $4.70 | $57K |
Footnotes (6)
- F1. Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 13, 2026.
- F2. Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 17, 2026.
- F3. Each Time Based Restricted Stock Unit ("TRSU") represents a contingent right to receive one share of the Company's common stock.
- F4. 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.
- F5. N/A
- F6. 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
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What did Newell Brands (NWL) executive Nicolas Duran report in this Form 4?
Were the Newell Brands (NWL) Form 4 transactions open-market purchases or sales?
What role do restricted stock units play in Nicolas Duran’s Newell Brands (NWL) compensation?
Does this Newell Brands (NWL) Form 4 indicate large insider selling by Nicolas Duran?
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