Form 4: Sherwin-Williams Executive Reports Stock Transactions Following Vesting of Performance-Based Restricted Stock Units
SEC Form 4 Filing
Bryan J. Young, SVP at Sherwin-Williams, reports stock transactions related to the vesting of performance-based restricted stock units and shares withheld for tax liabilities.
Summary
- Bryan J. Young, a Senior Vice President at Sherwin-Williams, filed a Form 4 detailing changes in beneficial ownership of company stock.
- On February 18, 2025, a performance-based restricted stock unit (PRSU) award vested and was paid out in 2,459 shares of common stock.
- 767 shares were withheld to cover tax liabilities associated with the vesting of the PRSU award at a price of $354.25 per share.
- Young directly owns 10,045 shares of Sherwin-Williams common stock after these transactions.
- Young also has indirect ownership of 467.09 shares through The Sherwin-Williams Company 401(k) Plan.
- The PRSU award was initially granted on February 15, 2022, and was subject to performance conditions for the 2022-2024 period.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't contain information that would significantly impact sentiment positively or negatively.
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
- Executive compensation packages often include performance-based restricted stock units (PRSUs) to align management's interests with those of shareholders.
- Vesting schedules and performance metrics vary across companies and industries.
- Tax withholding practices are standard for equity compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| February 15, 2022 | Initial grant date of the performance-based restricted stock unit (PRSU) award. |
| February 18, 2025 | Date of PRSU vesting and related stock transactions. |
| February 18, 2025 | Date of trustee's statement for The Sherwin-Williams Company 401(k) Plan. |
| February 20, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Sherwin-Williams, PRSU, Bryan J. Young, Vesting, Tax Withholding, 401(k) Plan
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