Form 4: Sherwin-Williams Executive Justin Binns Reports Charitable Stock Gift

Justin T. Binns, President of Global Architectural at Sherwin-Williams Co, reported a gift of 280 shares of common stock to a charitable donor advised fund, reducing his direct ownership while maintaining significant holdings.

Summary

• Justin T. Binns, President, Global Architectural of Sherwin-Williams Co (SHW), filed a Form 4 reporting a change in beneficial ownership.
• On May 27, 2025, Mr. Binns disposed of 280 shares of common stock through a gift to a charitable donor advised fund.
• The transaction price for the gifted shares was $0.
• Following this transaction, Mr. Binns directly beneficially owns 17,922 shares, which include 4,175 restricted stock units (RSUs) and 13,747 shares of common stock.
• Each RSU represents the right to receive one share of common stock.
• Additionally, Mr. Binns indirectly beneficially owns 5,878.13 shares of common stock through The Sherwin-Williams Company 401(k) Plan, as per the trustee's statement dated March 31, 2025.

Sentiment

Score: 5

Explanation: The filing is a routine insider transaction report (Form 4) detailing a gift of shares, which does not inherently convey positive or negative sentiment regarding the company's operational performance or outlook. It reflects a personal financial decision by an executive.

Negatives

• Reduction of 280 shares in direct beneficial ownership by a key executive due to a gift.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal impact on shareholders as the transaction involves a small number of shares relative to the company's total outstanding shares and the executive's overall holdings.

Key Dates

Keywords

Sherwin-Williams, SHW, Form 4, Insider Transaction, Stock Ownership, Justin T. Binns, Common Stock, Restricted Stock Units, 401(k) Plan