Newell CFO granted 1,655,172 performance stock units
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.
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 These PRSUs relate to grants originally made in February 2023 and July 2023, for which Newell’s Compensation and Human Capital Committee certified performance achievement.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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 113,315 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 1,655,172 | $0.00 | $0.00 |
Footnotes (4)
- F1. Each Performance Based Restricted Stock Unit ("PRSU") represents the right to receive one share of the Company's common stock.
- F2. 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.
- F3. N/A
- F4. 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
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