Newell Brands (NWL) CFO receives over 1.6M performance stock units in PRSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newell Brands reported that its Chief Financial Officer, Mark J. Erceg, received significant performance-based equity awards in the form of restricted stock units (PRSUs) on February 9, 2026.
The filing shows an award of 113,315 PRSUs and a separate award of 1,655,172 PRSUs, each representing the right to receive one share of Newell’s common stock. These PRSUs relate to grants originally made in February 2023 and July 2023, for which Newell’s Compensation and Human Capital Committee certified performance achievement. The units are scheduled to vest in February 2026, provided Mr. Erceg remains continuously employed with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Erceg Mark J
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 113,315 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,655,172 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 113,315 shares (Direct)
Footnotes (1)
- Each Performance Based Restricted Stock Unit ("PRSU") represents the right to receive one share of the Company's common stock. The Company's Compensation and Human Capital Committee certified partial achievement of the pre-established performance metrics for the reporting person's PRSUs granted on February 17, 2023. The terms of the reporting person's PRSUs provided for vesting on February 17, 2026, subject to continuous employment with the Company. N/A The Company's Compensation and Human Capital Committee certified achievement of the pre-established performance metrics for the reporting person's PRSUs granted on July 5, 2023. The terms of the PRSUs granted on July 5, 2023 provide for vesting on February 27, 2026, subject to the continuous employment with the Company.
FAQ
What insider transaction did Newell Brands (NWL) report for its CFO?
Newell Brands reported that CFO Mark J. Erceg received performance-based restricted stock units on February 9, 2026. The grants were tied to earlier awards from 2023, with vesting dependent on certified performance and continued employment through specific 2026 vesting dates.
How many performance-based restricted stock units did the Newell (NWL) CFO receive?
Mark J. Erceg received 113,315 performance-based restricted stock units and a separate grant of 1,655,172 units. Each unit represents the right to receive one share of Newell Brands common stock, contingent on meeting performance conditions and remaining employed through stated vesting dates.
What triggers vesting of the CFO’s PRSUs at Newell Brands (NWL)?
Vesting of the CFO’s PRSUs depends on both performance certification and continued employment. The committee certified performance for awards granted in February and July 2023, and those PRSUs are scheduled to vest in February 2026 if Mark J. Erceg remains continuously employed.
Which Newell Brands (NWL) committee approved the CFO’s PRSU performance results?
The Compensation and Human Capital Committee approved the performance outcomes for the CFO’s PRSUs. It certified partial achievement for PRSUs granted on February 17, 2023, and full achievement for PRSUs granted on July 5, 2023, allowing the related restricted stock units to be awarded.
What is a PRSU in the context of Newell Brands (NWL) executive compensation?
A PRSU at Newell Brands is a Performance Based Restricted Stock Unit. Each PRSU entitles the holder to receive one share of Newell common stock if specified performance goals are achieved and the executive remains employed through the applicable vesting date.
When are the Newell Brands (NWL) CFO’s PRSUs expected to vest?
The PRSUs tied to the February 17, 2023 grant vest on February 17, 2026, if employment continues. The PRSUs from the July 5, 2023 grant are scheduled to vest on February 27, 2026, also subject to continuous employment with Newell Brands.