Form 4: Sherwin-Williams Executive Colin M. Davie Reports Stock Transactions
SEC Form 4 Filing
Colin M. Davie, Pres. & GM, Glob. Supply Chain at Sherwin-Williams, reports acquisition of shares from vested restricted stock units and shares withheld for tax liabilities.
Summary
- On February 18, 2025, Colin M. Davie, Pres. & GM, Glob. Supply Chain at Sherwin-Williams, reported transactions involving Sherwin-Williams common stock.
- Davie acquired 1,967 shares of common stock from a performance-based restricted stock unit (PRSU) award that vested.
- 600 shares were withheld to cover tax liabilities related to the vesting of the PRSU award at a price of $354.25.
- Davie also has 511.33 shares attributable to his participation in The Sherwin-Williams Company 401(k) Plan.
- Following these transactions, Davie directly owns 8,164 shares and indirectly owns 511.33 shares through the 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing 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 that performance conditions were met for the 2022-2024 period.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders and are required by the SEC to ensure transparency.
- The reporting requirements are consistent across all publicly traded companies in the United States.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- It assures stakeholders that executives' interests are aligned with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Initial grant date of the performance-based restricted stock unit (PRSU) award. |
| 02/18/2025 | Date of the reported transactions: acquisition of shares from vested PRSU and shares withheld for taxes. |
| 02/18/2025 | Trustee's statement date for the 401(k) plan. |
| 02/20/2025 | Date of signature by Stephen J. Perisutti, Attorney-in-fact. |
Keywords
Form 4, SHW, Sherwin-Williams, Stock, Colin M. Davie, Beneficial Ownership, Restricted Stock Units, 401(k)
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