Form 4: Sherwin-Williams CEO Heidi Petz Reports Stock Transactions

Heidi Petz, President & CEO of Sherwin-Williams, reports the vesting of performance-based restricted stock units and related tax withholding.

Summary

• On February 18, 2025, Heidi Petz, President & CEO of Sherwin-Williams, reported transactions involving the company's common stock.
• A performance-based restricted stock unit (PRSU) award granted on February 15, 2022, vested and paid out 7,374 shares of common stock.
• 2,921 shares were withheld to satisfy tax obligations related to the vesting of the PRSU award at a price of $354.25 per share.
• Petz's directly owned securities following the transactions consist of 8,350 restricted stock units (RSUs) and 12,134 shares of common stock.
• Petz also indirectly owns 342.72 shares of common stock through The Sherwin-Williams Company 401(k) Plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The vesting of performance-based restricted stock units indicates the achievement of certain performance conditions for the 2022-2024 period, which could be viewed positively.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions reported in the filing may have a minor impact on shareholders by slightly altering the ownership structure of the company's stock.

Key Dates

Keywords

Sherwin-Williams, Heidi Petz, stock transaction, PRSU, RSU, Form 4, beneficial ownership, 401(k)