SEC Form 4 · accession 0000814453-18-000032
NEWELL BRANDS INC. · NWL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell Torres
Officer — Group President
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 4:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000814453
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | May 15, 2018 | A | 28,473 | A | — | — | Common Stock | 28,473 | 28,473 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Newell Brands Inc. common stock.
- F2The reporting person will become vested in the award ratably in one-third increments on the first, second and third anniversaries of the award date, but the award may vest earlier in the event of death, disability or retirement, if (i) he remains in continuous employment with the Company and (ii) certain performance criteria related to cost savings are satisfied.