203,269 RSUs granted to Newell Brands (NYSE: NWL) HR chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NEWELL BRANDS INC. reported that Chief Human Resources Officer Tracy L. Platt acquired 203,269 Restricted Stock Units as a grant with no cash price per unit. Each time-based RSU represents a contingent right to receive one share of Newell Brands common stock.
The RSUs vest in stages, with one-third vesting on February 27, 2027, another one-third on February 15, 2028, and the remaining units vesting on February 15, 2029, all subject to Platt’s continuous employment with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Platt Tracy L
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 203,269 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 203,269 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 transaction did NEWELL BRANDS INC. (NWL) report for Tracy L. Platt?
Newell Brands reported a grant of 203,269 Restricted Stock Units to Chief Human Resources Officer Tracy L. Platt. These time-based RSUs carry no purchase price and represent contingent rights to receive common shares as they vest over several years.
How many Restricted Stock Units were granted to Newell Brands executive Tracy L. Platt?
Tracy L. Platt received 203,269 Restricted Stock Units from Newell Brands. The entire award consists of time-based RSUs, each representing a contingent right to one share of common stock, subject to the specified vesting schedule and continued employment conditions.
What is the vesting schedule for Tracy L. Platt’s 203,269 Newell Brands RSUs?
The RSUs vest in three installments between 2027 and 2029. One-third vests on February 27, 2027, another third on February 15, 2028, and the remaining shares vest on February 15, 2029, provided Platt remains continuously employed by Newell Brands.
What does each Newell Brands time-based Restricted Stock Unit represent in this Form 4?
Each time-based Restricted Stock Unit represents a contingent right to one share of Newell Brands common stock. The units convert into shares only as they vest according to the scheduled dates, assuming the executive’s continuous employment requirement is met.