Newell Brands (NWL) executive awarded 163,736 time-based restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Malkoski Kristine Kay reported acquisition or exercise transactions in this Form 4 filing.
NEWELL BRANDS INC. executive Kristine Kay Malkoski, President, Learning & Dev., received a grant of 163,736 Time Based Restricted Stock Units (TRSUs). Each TRSU represents a contingent right to receive one share of Newell’s common stock.
The TRSUs vest in stages, with one-third vesting on February 27, 2027, another third vesting on February 15, 2028, and the remaining units vesting on February 15, 2029, all subject to her continued employment with the company. After this grant, she directly holds 163,736 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Malkoski Kristine Kay
Role
President, Learning & Dev.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 163,736 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 163,736 shares (Direct)
Footnotes (1)
- Each Time Based Restricted Stock Unit ("TRSU") represents a contingent right to receive one share of the Company's common stock. The TRSUs vest ratably, with one-third (1/3) vesting on February 27, 2027, one-third (1/3) vesting on February 15, 2028, and the remainder of shares vesting on February 15, 2029, subject to continuous employment with the Company. N/A
FAQ
What did Kristine Kay Malkoski report on this NEWELL BRANDS (NWL) Form 4?
Kristine Kay Malkoski reported receiving a grant of 163,736 Time Based Restricted Stock Units. These units are a form of equity compensation that can convert into common shares if vesting conditions, primarily continued employment, are satisfied over the specified schedule.
How many restricted stock units were granted to the NEWELL BRANDS (NWL) executive?
The executive received 163,736 Time Based Restricted Stock Units. Each unit represents a contingent right to one share of NEWELL BRANDS common stock, providing potential future ownership if the vesting conditions and employment requirements are fully met across the scheduled dates.
What is the vesting schedule for Kristine Malkoski’s NEWELL BRANDS (NWL) TRSUs?
The TRSUs vest in three tranches: one-third on February 27, 2027, one-third on February 15, 2028, and the remainder on February 15, 2029. Vesting is conditioned on Ms. Malkoski maintaining continuous employment with NEWELL BRANDS through each applicable vesting date.
Does Kristine Malkoski’s NEWELL BRANDS (NWL) Form 4 show a stock purchase or sale?
The Form 4 shows an acquisition through a grant or award of restricted stock units, not an open-market stock purchase or sale. The transaction code is "A", indicating a grant, award, or other acquisition of derivative securities rather than a buy or sell trade.
What does each Time Based Restricted Stock Unit mean for NEWELL BRANDS (NWL) stock?
Each Time Based Restricted Stock Unit represents a contingent right to receive one share of NEWELL BRANDS common stock. The units only convert into actual shares if the executive satisfies the time-based vesting and continuous employment requirements set out in the grant terms.
How many NEWELL BRANDS (NWL) restricted stock units does Kristine Malkoski hold after this grant?
Following this reported grant, Kristine Malkoski directly holds 163,736 restricted stock units. This figure reflects her total derivative holdings of these units after the transaction, as disclosed in the post-transaction ownership column of the Form 4 filing for NEWELL BRANDS INC.