0000814453-23-000047.txt : 20230222
0000814453-23-000047.hdr.sgml : 20230222
20230222162603
ACCESSION NUMBER: 0000814453-23-000047
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230217
FILED AS OF DATE: 20230222
DATE AS OF CHANGE: 20230222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McDermott Michael P
CENTRAL INDEX KEY: 0001689398
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09608
FILM NUMBER: 23653518
MAIL ADDRESS:
STREET 1: 6655 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_167710114077542.xml
FORM 4
X0306
4
2023-02-17
0
0000814453
NEWELL BRANDS INC.
NWL
0001689398
McDermott Michael P
C/O NEWELL BRANDS INC.
6655 PEACHTREE DUNWOODY ROAD
ATLANTA
GA
30328
0
1
0
0
Segment CEO - Home & Com.
Common Stock
2023-02-17
4
M
0
13045
0
A
13045
D
Common Stock
2023-02-17
4
F
0
4071
14.90
D
8974
D
Common Stock
1530.93
I
By 401(k)
Restricted Stock Units
2023-02-17
4
M
0
13045
0
D
Common Stock
13045.0
0
D
Restricted Stock Units
2023-02-17
4
A
0
57046
0
A
Common Stock
57046.0
57046
D
The Company's Compensation and Human Capital Committee certified partial achievement of the pre-established performance goals resulting in the vesting of the Reporting Person's target shares. The terms of the Reporting Person's Performance-Based Restricted Stock Units ("PRSU") provided for the payout of 0% to 200% of the original grant based on the actual achievement of performance metrics related to core sales growth and cumulative free cash flow between January 1, 2020, and December 31, 2022.
Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 17, 2023.
Represents shares held by the Reporting Person in the Newell Brands Employee Savings Plan, a 401(k) plan (the "Plan"). The reported total includes a total of 493 additional shares the Reporting Person has acquired since the date of his last Form 4 report in exempt transactions through dividend reinvestment and automatic payroll deduction and purchase features of the Plan.
Each PRSU represents the right to receive, following vesting, between 0% and 200% percent of one share of the Company's common stock.
Each PRSU 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 core sales growth and cumulative free cash flow over a three (3) year period between January 1, 2020, and December 31, 2022, and certification of such performance by the Company's Compensation and Human Capital Committee following the conclusion of the performance period.
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 restricted stock unit 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.
N/A
/s/ Raj Dave, Attorney-In-Fact for Michael P. McDermott
2023-02-22