Newell Brands (NWL) director exercises RSUs and receives 39,325-unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newell Brands director James P. Keane reported compensation-related equity activity. He exercised previously granted restricted stock units into 30,418 shares of Newell Brands common stock, bringing his direct common stock holdings to 54,692 shares after the transactions.
Keane also received a new award of 39,325 restricted stock units, each representing a contingent right to one share of common stock. According to the award terms, these RSUs vest in full on the earlier of the first anniversary of the grant date or the next annual stockholder meeting that occurs at least 50 weeks after the prior year’s meeting, provided he remains in continuous board service through the vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,418 shares exercised/converted
Mixed
3 txns
Insider
KEANE JAMES P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 30,418 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 39,325 | $0.00 | -- |
| Exercise | Common Stock | 30,418 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 54,692 shares (Direct, null)
Footnotes (1)
- N/A 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.
Key Figures
RSUs exercised into common stock: 30,418 shares
Common shares held after transactions: 54,692 shares
New RSU award size: 39,325 units
+2 more
5 metrics
RSUs exercised into common stock
30,418 shares
Exercised from restricted stock units into Newell Brands common stock
Common shares held after transactions
54,692 shares
Direct Newell Brands common stock holdings post-transaction
New RSU award size
39,325 units
Restricted stock units granted to director on grant date
Transactions classified as acquisitions
3 transactions
All reported as acquire-type events in transaction summary
Derivative exercises recorded
1 exercise
Exercise or conversion of derivative security per summary
Key Terms
Restricted Stock Units, derivative exercise/conversion, Grant, award, or other acquisition, contingent right
4 terms
Restricted Stock Units financial
"The filing reports transactions involving “Restricted Stock Units” as director equity awards."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative exercise/conversion financial
"A transaction is labeled as a “derivative exercise/conversion” of restricted stock units into common shares."
Grant, award, or other acquisition financial
"One RSU transaction is described as a “Grant, award, or other acquisition” of derivative securities."
contingent right financial
"Each restricted stock unit represents a “contingent right” to receive one share of common stock."
FAQ
What insider transactions did James P. Keane report at Newell Brands (NWL)?
James P. Keane reported exercising 30,418 restricted stock units into common shares and receiving a new grant of 39,325 restricted stock units. All transactions were compensation-related equity awards rather than open-market purchases or sales.
What size RSU award did Newell Brands (NWL) grant to James P. Keane?
Newell Brands granted James P. Keane 39,325 restricted stock units. Each unit represents a contingent right to receive one share of common stock if vesting conditions are met, aligning part of his director compensation with future company performance and service.
When do James P. Keane’s new RSUs at Newell Brands (NWL) vest?
The RSUs vest in full on the earlier of the first anniversary of the grant date or the next annual stockholder meeting that occurs at least 50 weeks after the prior year’s meeting, provided Keane remains in continuous board service through that vesting date.
Were there any open-market buys or sells in this Newell Brands (NWL) Form 4?
No open-market buys or sells were reported. The filing shows an exercise of previously granted restricted stock units into 30,418 common shares and a new grant of 39,325 restricted stock units, both categorized as compensation-related equity transactions.