Newell Brands (NWL) awards 221,428 RSUs to Chief Legal Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Turner Bradford R reported acquisition or exercise transactions in this Form 4 filing.
NEWELL BRANDS INC. granted 221,428 Restricted Stock Units (RSUs) to its Chief Legal & Administrative Officer, Bradford R. Turner. Each RSU represents a right to receive one share of Newell’s common stock if vesting conditions are met.
The RSUs vest in stages: one-third on February 27, 2027, one-third on February 15, 2028, and the remaining shares on February 15, 2029, all conditioned on Mr. Turner’s continuous employment with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Turner Bradford R
Role
Chief Legal & Admin. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 221,428 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 221,428 shares (Direct)
Footnotes (1)
- Each Time Based Restricted Stock Unit ("TRSU") represents a contingent right to receive one share of the Company's common stock. The TRSUs vest ratably, with one-third (1/3) vesting on February 27, 2027, one-third (1/3) vesting on February 15, 2028, and the remainder of shares vesting on February 15, 2029, subject to continuous employment with the Company. N/A
FAQ
What insider equity award did NEWELL BRANDS INC. (NWL) disclose for Bradford R. Turner?
NEWELL BRANDS INC. granted Bradford R. Turner 221,428 Restricted Stock Units. Each RSU represents a contingent right to receive one share of Newell’s common stock, providing long-term equity-based compensation tied to continued service with the company over several future vesting dates.
How many Restricted Stock Units did NWL’s Chief Legal & Administrative Officer receive?
Bradford R. Turner received 221,428 Restricted Stock Units from NEWELL BRANDS INC. This entire amount was reported as directly owned following the transaction, reflecting a significant equity-based award aligned with his role as Chief Legal & Administrative Officer at the company.
What is the vesting schedule for Bradford R. Turner’s 221,428 NWL RSUs?
The RSUs vest in three tranches over time. One-third vests on February 27, 2027, another one-third on February 15, 2028, and the remaining shares on February 15, 2029, all subject to Mr. Turner’s continuous employment with NEWELL BRANDS INC.
What does each NWL Time Based Restricted Stock Unit (TRSU) represent?
Each Time Based Restricted Stock Unit represents a contingent right to receive one share of NEWELL BRANDS INC. common stock. Delivery of the underlying share only occurs if the applicable vesting conditions and continued employment requirements are satisfied through the specified vesting dates.
Is Bradford R. Turner’s NWL RSU award subject to continued employment conditions?
Yes, the RSU award is contingent on continuous employment. One-third vests in 2027, one-third in 2028, and the remainder in 2029, and vesting on each date requires that Bradford R. Turner remain employed by NEWELL BRANDS INC. through the applicable vesting date.