Form 4: Sherwin-Williams Director Acquires Deferred Stock Units

Sherwin-Williams Director Robert Gamgort acquired 97.66 deferred stock units as part of a compensation plan.

Summary

• Robert James Gamgort, a Director of Sherwin-Williams Co. (SHW), acquired 97.66 deferred stock units (DSUs) on January 9, 2026.
• The DSUs were acquired at a weighted average share price of $345.6 per unit.
• This transaction was exempt and conducted under the 2005 Director Deferred Fee Plan.
• Each DSU is the economic equivalent of one share of common stock and becomes payable solely in stock, generally following the Director's separation from service.
• Following this transaction, Mr. Gamgort beneficially owns 380.04 deferred stock units, which includes units acquired through the dividend reinvestment feature of the plan.
• Mr. Gamgort also directly owns 517 restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction related to director compensation, indicating standard corporate governance practices without significant positive or negative implications for the company's operational or financial performance.

Positives

• Director Robert Gamgort's acquisition of deferred stock units aligns his interests with long-term shareholder value, as these units are payable in stock upon separation from service.
• The transaction is part of a pre-existing, exempt compensation plan (2005 Director Deferred Fee Plan), indicating a structured and transparent approach to director remuneration.

Negatives

• No specific negative points are identified in this routine compensation filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Management Comments

• No notable quotes or paraphrased statements from company management are included in this Form 4 filing.

Industry Context

This filing represents a routine insider transaction related to director compensation, which is a common practice across publicly traded companies to align director interests with shareholder value. It does not provide broader industry insights.

Comparison to Industry Standards

• The use of deferred stock units as part of director compensation is a standard practice in corporate governance across many industries, including the materials and chemicals sector where Sherwin-Williams operates.
• This method is often favored for its long-term incentive structure, similar to practices seen in companies like PPG Industries or AkzoNobel, which also utilize equity-based compensation for their board members to foster long-term alignment with company performance.

Corporate Governance

Related Party Transactions

• The acquisition of deferred stock units by a director from the company constitutes a related party transaction, which is a standard part of director compensation and disclosed as such.

Stakeholder Impact

• Shareholders: The transaction aligns the director's long-term interests with shareholders through equity ownership.
• Employees, Customers, Suppliers, Creditors: No direct or immediate impact on these stakeholders is indicated by this routine compensation filing.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing beyond the vesting schedule of the deferred stock units.

Key Dates

Keywords

Sherwin-Williams, SHW, Robert Gamgort, Director, Deferred Stock Units, DSU, Compensation Plan, Insider Transaction, Form 4, Equity Compensation