Statement of Changes in Beneficial Ownership (4)
February 23 2022 - 04:24PM
Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section
16. Form 4 or Form 5 obligations may continue. See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
|
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
|
|
1. Name
and Address of Reporting Person * Hurd
Laurel |
2. Issuer Name and Ticker or Trading
Symbol NEWELL BRANDS INC. [ NWL ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Pres., Learning & Development |
(Last)
(First)
(Middle)
C/O NEWELL BRANDS INC., 6655 PEACHTREE DUNWOODY
ROAD |
3. Date of Earliest Transaction (MM/DD/YYYY)
2/18/2022
|
(Street)
ATLANTA, GA 30328
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock |
2/18/2022 |
|
M |
|
35775 (1) |
A |
$0 |
81850.24 (2) |
D |
|
Common Stock |
2/18/2022 |
|
F |
|
10883 |
D |
$25.86 (3) |
70967.24 (2) |
D |
|
Common Stock |
2/18/2022 |
|
M |
|
5144 |
A |
$0 |
76111.24 (2) |
D |
|
Common Stock |
2/18/2022 |
|
F |
|
2320 |
D |
$25.86 (3) |
73791.24 (2) |
D |
|
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Restricted Stock Units |
(4) |
2/18/2022 |
|
M |
|
|
35775 |
(5) |
(6) |
Common Stock |
35775.0 |
$0 |
0 |
D |
|
Restricted Stock Units |
(7) |
2/18/2022 |
|
M |
|
|
5144 |
(8) |
(9) |
Common Stock |
5144.0 |
$0 |
0 |
D |
|
Restricted Stock Units |
(10) |
2/18/2022 |
|
A |
|
8797 |
|
(11) |
(9) |
Common Stock |
8797.0 |
$0 |
8797 |
D |
|
Stock Option (Right to Buy) |
$25.86 |
2/18/2022 |
|
A |
|
65980 |
|
(12) |
2/18/2032 |
Common Stock |
65980.0 |
$0 |
65980 |
D |
|
Explanation of
Responses: |
(1) |
The Company's Compensation
and Human Capital Committee certified achievement of the
pre-established performance goals resulting in the vesting of the
Reporting Person's target shares. As discussed below, the terms of
the Reporting Person's Performance Based Restricted Stock units
provided for the payout of 0% to 200% of the original grant based
on actual achievement of performance metrics related to relative
total shareholder return and cumulative free cash flow between
January 1, 2019 and December 31, 2021. |
(2) |
4,062.19 shares of this
total are shares jointly owned with the Reporting Person's
spouse. |
(3) |
Withholding of shares to
cover taxes on the vesting was calculated based on the Company's
closing stock price on February 18, 2022 |
(4) |
Each Performance Based
Restricted stock unit represents the right to receive, the
following vesting between 0% and 200% percent of one share of the
Company's common stock. |
(5) |
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, 2019 and ending December 31, 2021, and
certification of such performance by the Company's Compensation
Committee following the conclusion of the performance
period. |
(6) |
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%. |
(7) |
Restricted stock units
convert into shares of the Company's common stock on a one-for-one
basis |
(8) |
Represents the vesting of
the of restricted stock units granted to the Reporting Person on
February 19, 2019. 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. |
(9) |
N/A |
(10) |
Each restricted stock unit
represents a contingent right to receive one share of the Company's
common stock |
(11) |
The entire award will vest
on the third anniversary of the grant date, subject to the
Reporting Person's continuous employment with the
Company |
(12) |
The option vests ratably in
one-third increments on the first, second and third anniversaries
of the grant date. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Hurd Laurel
C/O NEWELL BRANDS INC.
6655 PEACHTREE DUNWOODY ROAD
ATLANTA, GA 30328 |
|
|
Pres., Learning & Development |
|
Signatures
|
/s/ Raj Dave, Attorney-in-fact for Laurel
Hurd |
|
2/23/2022 |
**Signature of
Reporting Person |
Date |
Reminder: Report on a separate line for each class
of securities beneficially owned directly or
indirectly. |
* |
If the form is filed by more than one
reporting person, see Instruction 4(b)(v). |
** |
Intentional misstatements or omissions
of facts constitute Federal Criminal Violations. See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: |
File three copies of this Form, one of
which must be manually signed. If space is insufficient, see
Instruction 6 for procedure. |
Persons who respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number. |
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