Form 4: Sherwin-Williams Executive Karl J. Jorgenrud Reports Stock Sale
SEC Form 4 Filing
Karl J. Jorgenrud, President of Global Industrial at Sherwin-Williams, reported the sale of 2,690 shares of common stock on February 26, 2024.
Summary
- On February 26, 2024, Karl J. Jorgenrud, President of Global Industrial at Sherwin-Williams, sold 2,690 shares of common stock at a weighted average price of $322.50 per share.
- The sales occurred in multiple transactions with prices ranging from $322.460 to $322.550 per share.
- Following the transaction, Jorgenrud directly owns 12,940.84 shares, which includes 4,175 restricted stock units (RSUs) and 8,765.84 shares of common stock.
- Jorgenrud also indirectly owns 1,050.06 shares through the Sherwin-Williams Company 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock sale. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Executive stock sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects. However, without additional context, it's difficult to determine the motivation behind this particular sale.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on their interpretation of the executive's actions.
Key Dates
| Date | Description |
|---|---|
| 02/20/2024 | Trustee's statement date for 401(k) plan shares. |
| 02/26/2024 | Date of the stock sale transaction. |
| 02/29/2024 | Date of signature for the Form 4 filing. |
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