Spectrum Brands Details Executive Pay, Equity Awards Through FY24
Ticker: SPB · Form: DEF 14A · Filed: Jun 24, 2025 · CIK: 109177
Sentiment: neutral
Topics: Executive Compensation, DEF 14A, Corporate Governance, Equity Awards, Pension Benefits, Shareholder Value, SEC Filing
Related Tickers: SPB
TL;DR
**Spectrum Brands' executive compensation details are out, showing a heavy reliance on equity awards to incentivize leadership through FY24, which could be a bullish sign for long-term performance.**
AI Summary
Spectrum Brands Holdings, Inc.'s DEF 14A filing for the period ending September 30, 2024, primarily details executive compensation and governance matters, rather than providing a comprehensive financial overview of revenue or net income. The filing indicates a focus on equity awards and pension value changes for its named executive officers (PEO) and non-PEO employees (NEO) across fiscal years 2021 through 2024. For instance, the aggregate change in pension value for PEOs was recorded for each fiscal year, including 2024. The fair value of equity awards granted to PEOs outstanding and unvested at year-end was also tracked, showing values for 2024. The document outlines changes in the fair value of outstanding and unvested equity awards granted in prior years for PEOs, and the fair value of prior year equity awards that met vesting conditions during the covered year. While specific revenue and net income figures are not present in this particular DEF 14A excerpt, the strategic outlook is implicitly tied to executive incentives and retention, suggesting a continued focus on long-term value creation through equity-based compensation. Risks are not explicitly detailed in this excerpt but are generally associated with performance-based compensation structures.
Why It Matters
This DEF 14A filing provides crucial transparency into Spectrum Brands' executive compensation structure, which directly impacts shareholder value and governance. Understanding how executives are incentivized, particularly through equity awards and pension changes, helps investors assess alignment between management and shareholder interests. In a competitive consumer goods market, attracting and retaining top talent through robust compensation packages is vital for Spectrum Brands to maintain its market position against rivals like Procter & Gamble and Unilever. This insight allows investors to evaluate the company's long-term strategic commitment and potential for future performance.
Risk Assessment
Risk Level: medium — The risk level is medium because while the filing details executive compensation, it lacks specific financial performance metrics like revenue or net income, making it difficult to fully assess the company's operational health. The reliance on equity awards, while common, ties executive wealth directly to stock performance, which can be volatile. For example, changes in fair value of outstanding and unvested equity awards for PEOs are noted for 2024, but without context of company performance, the risk of misalignment or overpayment is unclear.
Analyst Insight
Investors should scrutinize the full DEF 14A filing to understand the performance metrics tied to these executive equity awards and pension changes. Evaluate if the compensation structure aligns with long-term shareholder value creation and compare it to industry peers. This information should be integrated with the company's latest 10-K or 10-Q for a complete financial picture before making investment decisions.
Key Numbers
- 2025-06-24 — Filing Date (Date the DEF 14A was filed)
- 2025-08-05 — Conformed Period of Report (The period to which the report conforms)
- 2024-09-30 — Fiscal Year End (The end of the latest fiscal year covered by compensation data)
- 0000109177 — Central Index Key (CIK) (Unique identifier for Spectrum Brands Holdings, Inc.)
- 001-04219 — SEC File Number (SEC registration number for Spectrum Brands Holdings, Inc.)
Key Players & Entities
- Spectrum Brands Holdings, Inc. (company) — filer of DEF 14A
- SEC (regulator) — recipient of DEF 14A filing
- Bloomberg (company) — financial news outlet
- Procter & Gamble (company) — competitor in consumer goods market
- Unilever (company) — competitor in consumer goods market
- PEO (person) — named executive officers
- NEO (person) — non-PEO employees
FAQ
What is the purpose of Spectrum Brands Holdings, Inc.'s DEF 14A filing?
The DEF 14A filing for Spectrum Brands Holdings, Inc. primarily serves to disclose information related to executive compensation, corporate governance, and proposals to be voted on at the upcoming annual meeting, as indicated by the detailed compensation tables for PEOs and NEOs through fiscal year 2024.
What specific compensation details are included for Spectrum Brands' executives?
The filing includes details on the aggregate change in pension value for named executive officers (PEOs) and non-PEO employees (NEOs) for fiscal years 2021 through 2024. It also covers the year-end fair value of equity awards granted to PEOs that are outstanding and unvested, and changes in the fair value of prior year equity awards.
How does Spectrum Brands' executive compensation impact investors?
Executive compensation, particularly equity awards, directly aligns management's interests with shareholder value. Investors should analyze these details to ensure the compensation structure incentivizes long-term growth and responsible management, as seen with the tracking of equity awards through 2024.
What is the fiscal year end for Spectrum Brands Holdings, Inc.?
Spectrum Brands Holdings, Inc.'s fiscal year ends on September 30, as stated in the filing data, with the latest compensation data covering the period up to September 30, 2024.
Are there any risks highlighted in this DEF 14A filing for Spectrum Brands?
While this specific excerpt of the DEF 14A filing does not explicitly detail operational risks, the nature of executive compensation, particularly performance-based equity awards, inherently carries risks related to market volatility and the achievement of performance targets. The filing focuses on the structure of compensation rather than a risk assessment.
What is the Central Index Key (CIK) for Spectrum Brands Holdings, Inc.?
The Central Index Key (CIK) for Spectrum Brands Holdings, Inc. is 0000109177, which is a unique identifier used by the SEC for all filings.
When was the DEF 14A filed by Spectrum Brands Holdings, Inc.?
The DEF 14A was filed by Spectrum Brands Holdings, Inc. on June 24, 2025, with an accession number of 0000109177-25-000032.
What kind of industry does Spectrum Brands Holdings, Inc. operate in?
Spectrum Brands Holdings, Inc. is classified under Standard Industrial Classification (SIC) code 3690, which is 'MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES', indicating its involvement in manufacturing various consumer products.
How has the fair value of equity awards changed for Spectrum Brands' PEOs?
The filing indicates that the change in fair value of outstanding and unvested equity awards granted in prior years for PEOs was tracked for fiscal years 2021 through 2024, showing the dynamic nature of their equity-based compensation.
What should shareholders look for regarding pension value changes at Spectrum Brands?
Shareholders should examine the aggregate change in pension value for both PEOs and NEOs, which is disclosed for fiscal years 2021-2024. Significant fluctuations could indicate changes in pension plan assumptions or executive benefits, impacting overall compensation costs.
Industry Context
Spectrum Brands Holdings, Inc. operates in the consumer products sector, which is characterized by intense competition from both large, diversified companies and smaller niche players. Key industry trends include evolving consumer preferences towards sustainability and convenience, the increasing importance of e-commerce channels, and the impact of global supply chain dynamics. Companies in this space often rely on brand strength, innovation, and efficient distribution to maintain market share.
Regulatory Implications
As a publicly traded entity, Spectrum Brands Holdings, Inc. is subject to extensive SEC regulations, including the timely and accurate filing of proxy statements like the DEF 14A. Compliance with executive compensation disclosure rules is critical to maintaining investor confidence and avoiding regulatory scrutiny. Changes in accounting standards or corporate governance regulations could also impact how compensation is structured and reported.
What Investors Should Do
- Review executive compensation details
- Analyze equity award trends
- Monitor pension value changes
Key Dates
- 2025-06-24: Filing Date — Indicates the date the DEF 14A filing was submitted to the SEC.
- 2025-08-05: Conformed Period of Report — Specifies the period that the report is intended to cover, aligning with the company's reporting cycle.
- 2024-09-30: Fiscal Year End — Marks the end of the most recent fiscal year for which compensation data is presented in the filing.
Glossary
- DEF 14A
- A proxy statement filing required by the SEC for publicly traded companies, typically detailing executive compensation, corporate governance, and matters to be voted on by shareholders. (This document is the primary source of information regarding executive compensation and governance at Spectrum Brands Holdings, Inc.)
- PEO
- Principal Executive Officer, referring to the top executive officer(s) of a company, such as the CEO. (Data related to PEOs' compensation and equity awards is specifically detailed in this filing.)
- NEO
- Named Executive Officer, a term used in SEC filings to refer to a company's highest-paid executive officers. (Compensation and equity award information for NEOs is a key component of this DEF 14A filing.)
- Equity Awards
- Forms of compensation granted to employees that are tied to the value of the company's stock, such as stock options, restricted stock units (RSUs), or performance shares. (The filing tracks the fair value of equity awards granted to and held by executives, indicating a significant component of their compensation.)
- Fair Value
- The estimated price at which an asset would change hands between a willing buyer and a willing seller, often determined using valuation models for financial instruments like stock options. (Used to quantify the value of equity awards granted to executives, impacting reported compensation figures.)
- Pension Value
- The accumulated value of retirement benefits earned by an executive under a company's pension plan. (Changes in pension value for executives are reported, reflecting the company's long-term commitment and potential liabilities.)
Year-Over-Year Comparison
This DEF 14A filing focuses on executive compensation and governance for the fiscal year ending September 30, 2024. Specific financial metrics like revenue and net income are not detailed in this excerpt, making a direct year-over-year comparison of these figures impossible. However, the emphasis on equity awards and pension value changes suggests a continued strategy of incentivizing and retaining executive talent, which is a common theme across filings. The absence of explicit financial performance data in this particular document means that the impact of compensation on financial results cannot be directly assessed from this filing alone.
Filing Details
This Form DEF 14A (Form DEF 14A) was filed with the SEC on June 24, 2025 by PEO regarding Spectrum Brands Holdings, Inc. (SPB).