Equity awards vest for Newell Brands (NWL) legal chief with tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NEWELL BRANDS INC. Chief Legal & Admin. Officer Bradford R. Turner reported equity award activity involving restricted stock units and common stock. On February 16 and 17, 2026, multiple time-based and performance-based restricted stock units were exercised or converted into shares of common stock at a stated price of $0.00 per share.
In connection with these vestings, several blocks of common stock were disposed of at prices of about $4.67 and $4.70 per share to cover tax liabilities, as indicated by tax-withholding code "F" and the footnotes referencing the company’s closing stock prices. After these transactions, Turner directly owned 564,449 shares of Newell Brands common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
173,441 shares exercised/converted
Mixed
12 txns
Insider
Turner Bradford R
Role
Chief Legal & Admin. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 23,071 | $0.00 | -- |
| Exercise | Restricted Stock Units | 46,066 | $0.00 | -- |
| Exercise | Restricted Stock Units | 64,919 | $0.00 | -- |
| Exercise | Common Stock | 23,071 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,885 | $4.67 | $32K |
| Exercise | Common Stock | 46,066 | $0.00 | -- |
| Tax Withholding | Common Stock | 13,747 | $4.67 | $64K |
| Exercise | Common Stock | 64,919 | $0.00 | -- |
| Tax Withholding | Common Stock | 20,721 | $4.67 | $97K |
| Exercise | Restricted Stock Units | 39,385 | $0.00 | -- |
| Exercise | Common Stock | 39,385 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,753 | $4.70 | $55K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 494,817 shares (Direct)
Footnotes (1)
- The withholding of shares to cover taxes on the vesting was calculated on the Company's closing stock price on February 13, 2026. The withholding of shares to cover taxes on the vesting was calculated 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 Each Performance Based Restricted Stock Unit ("PRSU") represents the right to receive one share of the Company's common stock. The terms of the reporting person's PRSUs provide for vesting on February 17, 2026, subject to continuous employment with the Company.
FAQ
What insider transactions did Newell Brands (NWL) report for Bradford R. Turner?
Newell Brands reported that Bradford R. Turner exercised multiple restricted stock units into common stock and disposed of shares for tax withholding. These were derivative exercises (code M) and tax-related share withholdings (code F), rather than open-market purchases or sales.
Were Bradford R. Turner’s Newell Brands (NWL) transactions open-market buys or sells?
The transactions were not open-market buys or discretionary sales. They involved exercises or conversions of restricted stock units (code M) at a stated price of $0.00 and tax-withholding dispositions (code F) to cover taxes due at vesting, based on closing stock prices.
What are TRSUs and PRSUs in Newell Brands (NWL) insider filings?
TRSUs are time-based restricted stock units that vest in one-third increments on the first three anniversaries of the grant date. PRSUs are performance-based restricted stock units that vest on specified dates, such as February 17, 2026, each representing the right to receive one common share.