secwatch.observer — SEC 8-K summary
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Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001193125-23-149297
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newell Brands awards CEO $15M, CFO $7.2M in multi-year incentive; annual meeting passes say-on-pay
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- SIP awards CEO Christopher Peterson $15M in PRSUs vesting Feb 2026 based on gross margin & FCF targets.
- CFO Mark Erceg receives $7.2M in PRSUs under same metrics; other NEOs get cash, TRSUs, and PRSUs.
- Annual meeting: all 11 director nominees elected; say-on-pay approved with ~95% votes cast.
- Stockholder proposal for written consent fails with ~8% support.
- Bylaws amended for universal proxy rules and federal forum for Securities Act claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000119312523149297/0001193125-23-149297-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000119312523149297/d512299d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-149297

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer