Patrick Campbell (NWL) exercises 39,325 RSUs and builds 121,576 phantom units
Rhea-AI Filing Summary
Newell Brands director Patrick D. Campbell reported compensation-related equity activity with no open‑market trading. He exercised or converted 39,325 restricted stock units, each representing a contingent right to receive one share of Newell Brands common stock. These awards vest in full on the earlier of the first anniversary of grant or the next annual stockholder meeting, assuming continuous board service.
Campbell elected to defer settlement of certain vested RSUs, so they converted into an equal number of phantom stock units under the company’s deferred compensation plan. His direct holdings now include 121,576 phantom stock units, which will convert to common stock or cash after his board service ends. This total includes 13,622.59 phantom units from a dividend reinvestment feature, with 5,327.38 units accumulated since the prior report.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 39,325 | $0.00 | -- |
| holding | Deferred RSU Phantom Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Newell Brands Inc. common stock. The award shall vest in full upon the earlier of: (i) the first anniversary of the date of the grant of the award or (ii) the next annual meeting of the Company's stockholders, which is at least 50 weeks after the immediately preceding year's annual meeting of the Company's stockholders; provided the Reporting Person remains in continuous service on the Board until such vesting date. N/A The Reporting Person's phantom stock units will convert to shares of the Company's common stock on a one-for-one basis after the end of the Reporting Person's service on the Company's Board, in accordance with the DCP. Represents vested awards of 107,953 RSU's granted in 2018, 2019, 2020 and 2021, pursuant to the Newell Rubbermaid Inc. 2013 Incentive Plan, and in 2022, 2023, 2024, and 2025 pursuant to the Newell Brands Inc. 2022 Incentive Plan, which includes 30,418 RSU's that vested on May 7, 2026. The Reporting Person elected to defer settlement on the scheduled vesting date and the RSU's instead converted to an equal number of phantom stock units, in accordance with the DCP. The report total includes 13,622.59 phantom stock units acquired by the Reporting Person pursuant to a dividend reinvestment feature of the DCP, of which 5327.38 phantom stock units were acquired since the date of the last report. The additional phantom stock units acquired pursuant to the dividend reinvestment feature will be settled for cash after the end of the Reporting Person's service on the Company's Board.