Form 4: Sherwin-Williams Director Michael H. Thaman Reports Acquisition of Deferred Stock Units

Director Michael H. Thaman reported acquiring deferred stock units and holding restricted stock units and common stock in Sherwin-Williams.

Summary

• On April 4, 2025, Michael H. Thaman, a director of Sherwin-Williams, reported acquiring 99.78 deferred stock units through the 2005 Director Deferred Fee Plan.
• These units are economically equivalent to shares of common stock and will be payable in stock upon separation from service as a director.
• The weighted average share price on the transaction date was $338.25.
• Following the transaction, Thaman beneficially owns 5,152.67 deferred stock units and 7,553 shares of common stock, including 1,150 restricted stock units.
• The reporting was filed on April 7, 2025, by Stephen J. Perisutti, Attorney-in-fact.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and alignment of interests. It is neither overwhelmingly positive nor negative.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of the company.
• The Deferred Fee Plan allows directors to accumulate shares over time.

Future Outlook

The deferred stock units will be payable in stock upon the director's separation from service.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like Sherwin-Williams. It provides transparency to investors regarding the holdings and transactions of company directors.

Comparison to Industry Standards

• Director compensation packages often include deferred stock units to align director interests with shareholder value, a common practice among S&P 500 companies.
• Companies like PPG and Axalta, competitors of Sherwin-Williams, also utilize similar deferred compensation plans for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates

Keywords

Form 4, Director, Deferred Stock Units, Sherwin-Williams, SHW, Beneficial Ownership, Michael H. Thaman