Form 4: Sherwin-Williams SVP James P. Lang Reports Stock Transactions
SEC Form 4 Filing
James P. Lang, SVP of Enterprise Finance & CAO at Sherwin-Williams, reports acquisition and disposal of common stock related to a performance-based restricted stock unit (PRSU) and tax withholding.
Summary
- On February 18, 2025, James P. Lang, SVP of Enterprise Finance & CAO at Sherwin-Williams, reported transactions involving Sherwin-Williams common stock.
- Lang acquired 315 shares of common stock at $0 related to the vesting of a performance-based restricted stock unit (PRSU) award granted on February 15, 2022.
- The PRSU award was subject to performance conditions for the 2022-2024 performance period under The Sherwin-Williams Company 2006 Equity and Performance Incentive Plan.
- Lang also disposed of 113 shares at $354.25 to satisfy tax withholding liabilities arising from the vesting of the PRSU award.
- Following these transactions, Lang directly owns 377 shares and indirectly owns 920.77 shares through The Sherwin-Williams Company 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the buying and selling activities of company executives and directors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Initial grant date of the performance-based restricted stock unit (PRSU) award. |
| 02/18/2025 | Date of stock acquisition and disposal related to the PRSU vesting and tax withholding. |
| 02/18/2025 | Trustee's statement date for The Sherwin-Williams Company 401(k) Plan. |
| 02/20/2025 | Date of signature by Stephen J. Perisutti, Attorney-in-fact. |
Keywords
Sherwin-Williams, Stock Transactions, Form 4, James P. Lang, PRSU, Equity Compensation, Tax Withholding, 401(k) Plan
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