secwatch.observer — SEC 8-K summary
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Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001193125-24-042840
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newell Brands sets 2024 LTIP with 50/50 PRSU/TRSU mix, bonus targets for named executives
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- Named executive officers' 2024 LTIP awards: 50% performance-based RSUs (PRSUs) and 50% time-based RSUs (TRSUs).
- PRSUs vest after 3 years based on equally-weighted Free Cash Flow Productivity and Annual Adjusted EPS Performance (0-200% payout).
- TRSUs vest ratably over 3 years in one-third increments.
- 2024 bonus program target payouts: CEO Peterson 150%, Erceg 120%, Turner 100%, Malkoski and McDermott 85% of base salary.
- Bonuses tied to corporate metrics (adjusted operating cash flow, adjusted EPS, core sales) and segment goals for two NEOs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000119312524042840/0001193125-24-042840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000119312524042840/d783808d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-042840

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