Form 4: Director Susan K. Carter Acquires Deferred Shares in Stanley Black & Decker

Director Susan K. Carter acquired deferred shares in Stanley Black & Decker through the company's Deferred Compensation Plan for Non-Employee Directors.

Summary

• On March 15, 2024, Susan K. Carter, a director of Stanley Black & Decker, acquired 351.4987 deferred shares of common stock.
• The acquisition was made through the Stanley Black & Decker Deferred Compensation Plan for Non-Employee Directors.
• The price per share was $88.91.
• Following the transaction, Carter directly owns 590.8958 deferred shares.
• These deferred shares represent the deferral of quarterly director fees paid in cash.
• Each deferred share entitles the holder to one share of common stock upon settlement.
• The deferred shares will be settled in a lump sum payment of common stock on the first business day of the year following Carter's departure from the Board of Directors.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The acquisition of deferred shares demonstrates the director's continued investment in the company's future.
• The Deferred Compensation Plan allows directors to align their interests with those of shareholders.

Future Outlook

The deferred shares will be settled in a lump sum payment of common stock on the first business day of the calendar year immediately following the date on which the reporting person ceases to be a member of the Board of Directors.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies. It reflects a common practice of offering deferred compensation plans to align the interests of non-employee directors with those of long-term shareholders.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among publicly traded companies, including Stanley Black & Decker's peers such as Techtronic Industries and Makita.
• The structure of Stanley Black & Decker's plan, where deferred shares are settled in a lump sum upon departure from the board, is consistent with industry norms.
• The amount of deferred shares acquired by Susan K. Carter is within the typical range for director compensation at companies of similar size and market capitalization.

Stakeholder Impact

• The acquisition of deferred shares by a director can positively influence shareholder confidence.
• The compensation plan aligns the director's interests with the long-term performance of the company, benefiting shareholders.

Key Dates