Newell Brands (NWL) CAO awarded 43,076 time-based restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NEWELL BRANDS INC. reported that Chief Accounting Officer Robert Andrew Schmidt received an equity compensation grant of 43,076 restricted stock units (RSUs) on February 27, 2026. Each unit represents a contingent right to receive one share of Newell’s common stock at no purchase price.
The time-based RSUs vest in stages, with one-third vesting on February 27, 2027, another third on February 15, 2028, and the remaining units vesting on February 15, 2029, all conditioned on Schmidt’s continued employment with the company. This filing reflects an acquisition of derivative securities through a grant or award, not an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schmidt Robert Andrew
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 43,076 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 43,076 shares (Direct)
Footnotes (1)
- Each Time Based Restricted Stock Unit ("TRSU") represents a contingent right to receive one share of the Company's common stock. The TRSUs vest ratably, with one-third (1/3) vesting on February 27, 2027, one-third (1/3) vesting on February 15, 2028, and the remainder of shares vesting on February 15, 2029, subject to continuous employment with the Company. N/A
FAQ
What insider transaction did NEWELL BRANDS (NWL) report for Robert Andrew Schmidt?
NEWELL BRANDS reported that Chief Accounting Officer Robert Andrew Schmidt received a grant of 43,076 restricted stock units on February 27, 2026. These units are time-based awards that convert into common shares if vesting conditions tied to continued employment are met over several years.
How many restricted stock units were granted to NWL’s Chief Accounting Officer?
Robert Andrew Schmidt was granted 43,076 restricted stock units as equity compensation. Each unit represents a contingent right to one share of NEWELL BRANDS common stock. The grant is a derivative security award, not an open-market stock purchase, and vests over a multi‑year schedule.
What is the vesting schedule for Robert Andrew Schmidt’s NWL restricted stock units?
The time-based RSUs vest in three stages. One-third vests on February 27, 2027, another third on February 15, 2028, and the remaining units vest on February 15, 2029. Vesting requires Schmidt to maintain continuous employment with NEWELL BRANDS throughout this period.
Do the NEWELL BRANDS restricted stock units for Robert Schmidt require a purchase price?
The 43,076 restricted stock units have a stated transaction price of $0.0000 per unit. This indicates they were granted as compensation, not purchased in the market. Each vested unit will convert into one share of NEWELL BRANDS common stock upon settlement, subject to the vesting terms.
Are Robert Andrew Schmidt’s NEWELL BRANDS RSUs considered derivative securities?
Yes, the filing classifies the restricted stock units as derivative securities. They represent a contingent right to receive NEWELL BRANDS common shares in the future. The award is coded as an acquisition (grant or award) rather than a traditional stock buy or sell transaction.
What ownership type is reported for Robert Schmidt’s NEWELL BRANDS RSU grant?
The filing lists the ownership of the 43,076 restricted stock units as direct. This indicates the award is held directly by Robert Andrew Schmidt, with no referenced intermediary entities or footnotes shifting voting or investment authority to a trust, partnership, or similar structure.