0000814453-21-000048.txt : 20210218 0000814453-21-000048.hdr.sgml : 20210218 20210218163717 ACCESSION NUMBER: 0000814453-21-000048 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210216 FILED AS OF DATE: 20210218 DATE AS OF CHANGE: 20210218 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Turner Bradford R CENTRAL INDEX KEY: 0001633076 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-09608 FILM NUMBER: 21650079 MAIL ADDRESS: STREET 1: C/O NEWELL BRANDS INC. STREET 2: 6055 PEACHTREE DUNWOODY ROAD CITY: ATLANTA STATE: GA ZIP: 30328 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NEWELL BRANDS INC. CENTRAL INDEX KEY: 0000814453 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 363514169 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 6655 PEACHTREE DUNWOODY ROAD CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: 800-424-1941 MAIL ADDRESS: STREET 1: 6655 PEACHTREE DUNWOODY ROAD CITY: ATLANTA STATE: GA ZIP: 30328 FORMER COMPANY: FORMER CONFORMED NAME: NEWELL BRANDS, INC. DATE OF NAME CHANGE: 20191017 FORMER COMPANY: FORMER CONFORMED NAME: NEWELL BRANDS INC DATE OF NAME CHANGE: 20160415 FORMER COMPANY: FORMER CONFORMED NAME: NEWELL RUBBERMAID INC DATE OF NAME CHANGE: 19990329 4 1 wf-form4_161368419869550.xml FORM 4 X0306 4 2021-02-16 0 0000814453 NEWELL BRANDS INC. NWL 0001633076 Turner Bradford R C/O NEWELL BRANDS INC. 6655 PEACHTREE DUNWOODY ROAD ATLANTA GA 30328 0 1 0 0 Chief Legal & Admin Off & C.S. Common Stock 2021-02-16 4 M 0 7353 0 A 56089 D Common Stock 2021-02-16 4 F 0 2214 24.19 D 53875 D Common Stock 2021-02-16 4 M 0 29389 0 A 83264 D Common Stock 2021-02-16 4 F 0 8944 24.19 D 74320 D Restricted Stock Units 2021-02-16 4 M 0 7353 0 D Common Stock 7353.0 0 D Restricted Stock Units 2021-02-16 4 M 0 29389 0 D Common Stock 29389.0 0 D Restricted Stock Units 2021-02-16 4 A 0 16919 0 A 2024-02-16 Common Stock 16919.0 16919 D Stock Option (Right to Buy) 23.79 2021-02-16 4 A 0 126892 0 A 2031-02-16 Common Stock 126892.0 126892 D Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on Friday, February 12, 2021. The Company's Compensation Committee certified achievement of the pre-established performance goals at a level resulting in the vesting of 57% of the Reporting Person's target shares. As discussed in Footnote 7, below, the terms of the Reporting Person's grant of performance-based restricted stock units provided for a payout of 0% to 200% of the original grant, based on actual achievement of the goals. Restricted stock units convert into shares of the Company's common stock on a one-for-one basis. Represents the vesting of the third tranche of restricted stock units granted to the Reporting Person on February 14, 2018. The grant vested ratably in one-third increments on the first, second and third anniversaries of the award date, pursuant to the terms of the grant agreement. N/A Each performance-based restricted stock unit represents the right to receive, following vesting, between 0% and 200% of one share of the Company's common stock as more specifically discussed in Footnote 7, below. Each performance-based restricted stock unit represents the right to receive, following vesting, between 0% and 200% of one share of the Company's common stock based upon the achievement of pre-established performance metrics related to relative total shareholder return over a 2 year period beginning January 1, 2018 and ending December 31, 2020, and certification of such performance by the Company's Compensation Committee following the conclusion of the performance period. The grant agreement between the Reporting Person and the Company further conditions vesting of the award on the Reporting Person's continuous employment with the Company and provides that unexpired portions of the award may vest: (i) earlier and without regard to achievement of the performance criteria in the event of death or disability; or (ii) pro rata, based on time in service, and without regard to achievement of the performance criteria, in the event of retirement. If and to the extent the relevant performance criteria are not met, the performance-based restricted stock unit grant expires on the third anniversary of the grant date with a payout of 0%. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. The entire award will vest on the third anniversary of the grant date, subject to the Reporting Person's continuous employment with the Company. The terms of the grant agreement between the Reporting Person and the Company also provide for full and/or partial vesting of the award in the event of the Reporting Person's death, disability or retirement during the vesting period. The option vests ratably in one-third increments on the first, second and third anniversaries of the grant date. /s/ Raj Dave, Attorney-in-Fact for Bradford R. Turner 2021-02-18