Newell CFO converts RSUs, withholds shares for taxes
Newell Brands Chief Financial Officer Mark J. Erceg reported multiple equity award vestings and related share movements.
Rhea-AI Filing Summary
Newell Brands Chief Financial Officer Mark J. Erceg reported multiple equity award vestings and related share movements. On February 16–17, 2026, he converted several blocks of restricted stock units into common stock and had portions of those shares withheld to cover tax obligations at prices around $4.67–$4.70 per share.
After these transactions, Erceg directly held about 317,449.35 shares of Newell Brands common stock. Footnotes indicate some of these shares are owned in a joint account with his spouse and that he also holds 4,750.79 shares indirectly through the Newell Brands Employee Savings Plan, a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
324,387 shares exercised/converted
Exercise
14 txns
Insider
Erceg Mark J
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 40,269 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 92,576 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 113,315 | $0.00 | $0.00 |
| Exercise | Common Stock | 40,269 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 18,057 | $4.67 | $84K |
| Exercise | Common Stock | 92,576 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 41,512 | $4.67 | $194K |
| Exercise | Common Stock | 113,315 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 35,093 | $4.67 | $164K |
| Exercise | Restricted Stock Units | 78,227 | $0.00 | $0.00 |
| Exercise | Common Stock | 78,227 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 23,668 | $4.70 | $111K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 263,379 contracts (Direct);
Common Stock — 561,174.35 shares (Direct);
Common Stock — 4,750.79 shares (Indirect, By 401(k))
Footnotes (9)
- F1. The withholding of shares to cover taxes on the vesting was calculated on the Company's closing stock price on February 13, 2026.
- F2. The withholding of shares to cover taxes on the vesting was calculated on the Company's closing stock price on February 17, 2026.
- F3. Represents shares owned in a joint account with reporting person's spouse. Previous Form 4 and Form 5 reports inadvertently reported these as indirect holdings, while still correctly describing them as jointly owned.
- F4. Represents shares held by the Reporting Person in the Newell Brands Employee Savings Plan, a 401(k) plan.
- F5. Each Time Based Restricted Stock Unit ("TRSU") represents a contingent right to receive one share of the Company's common stock.
- F6. 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.
- F7. N/A
- F8. Each Performance Based Restricted Stock Unit ("PRSU") represents the right to receive one share of the Company's common stock.
- F9. The terms of the reporting person's PRSUs provide for vesting on February 17, 2026, subject to continuous employment with the Company.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Newell Brands (NWL) CFO Mark Erceg report?
Mark Erceg reported vesting and conversion of multiple restricted stock unit awards into Newell Brands common stock in mid-February 2026. Some of the resulting shares were withheld to cover tax obligations, using closing stock prices on February 13 and February 17, 2026, respectively.
What are the vesting terms for Newell Brands time-based RSUs reported in this Form 4?
Each time-based restricted stock unit (TRSU) represents a right to receive one Newell Brands common share. According to the disclosure, these TRSUs vest in equal one-third installments on the first, second, and third anniversaries of the grant date, contingent on continuous employment with the company.
How do Newell Brands (NWL) performance-based RSUs held by the CFO vest?
Each performance-based restricted stock unit (PRSU) corresponds to one Newell Brands common share. The terms described indicate the CFO’s PRSUs vest on February 17, 2026, assuming he remains continuously employed with the company through that date, aligning incentives with long-term service.
How are the Newell Brands (NWL) CFO’s indirect holdings structured?
The filing notes that 4,750.79 Newell Brands shares are held indirectly in the Newell Brands Employee Savings Plan, a 401(k) plan. A footnote also explains that shares in a joint account with his spouse are reported as direct holdings, correcting earlier indirect classifications.
AI-generated analysis. How Rhea-AI works. Not financial advice.
