0000814453-24-000035.txt : 20240221
0000814453-24-000035.hdr.sgml : 20240221
20240221161848
ACCESSION NUMBER: 0000814453-24-000035
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240216
FILED AS OF DATE: 20240221
DATE AS OF CHANGE: 20240221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McDermott Michael P
CENTRAL INDEX KEY: 0001689398
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09608
FILM NUMBER: 24659768
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]
ORGANIZATION NAME: 08 Industrial Applications and Services
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
wk-form4_1708550293.xml
FORM 4
X0508
4
2024-02-16
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.
0
Common Stock
2024-02-16
4
M
0
7114
0
A
16088
D
Common Stock
2024-02-16
4
F
0
2437
7.67
D
13651
D
Common Stock
2024-02-16
4
M
0
8539
0
A
22190
D
Common Stock
2024-02-16
4
F
0
2473
7.67
D
19717
D
Common Stock
2024-02-17
4
M
0
19015
0
A
38732
D
Common Stock
2024-02-16
4
F
0
5505
7.67
D
33227
D
Common Stock
2621.05
I
By 401(k)
Restricted Stock Units
2024-02-16
4
M
0
7114
0
D
Common Stock
7114
0
D
Restricted Stock Units
2024-02-16
4
M
0
8539
0
D
Common Stock
8539
0
D
Restricted Stock Units
2024-02-17
4
M
0
19015
0
D
Common Stock
19015
0
D
Restricted Stock Units
2024-02-16
4
A
0
91264
0
A
Common Stock
91264
91264
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 Peron'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, 2021, and December 31, 2023.
Withholding of shares to cover taxes on the vesting was calculated based on the Company's closing stock price on February 16, 2024.
Represents shares held by the reporting person in the Newell Brands Employee Savings Plan, a 401(k) plan.
Each PRSU represents the right to receive, following vesting, between 0% and 200% 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, 2021, and December 31, 2023, 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%.
The restricted stock unit represents a contingent right to receive one share of the Company's common stock.
N/A
Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
/s/ Bradford R. Turner, Attorney in Fact for Michael McDermott
2024-02-21