Form 4: Director Susan K. Carter Increases Holdings in Stanley Black & Decker Through Dividend Reinvestment
SEC Form 4 Filing
Director Susan K. Carter acquired additional deferred shares of Stanley Black & Decker through dividend reinvestment in the company's Deferred Compensation Plan.
Summary
- On March 19, 2024, Susan K. Carter, a director of Stanley Black & Decker, Inc., acquired 2.1491 deferred shares through dividend reinvestment.
- The acquisition was made under the Stanley Black & Decker, Inc. Deferred Compensation Plan for Non-Employee Directors.
- The price per share for the reinvestment was $89.485.
- Following the transaction, Carter's direct holdings increased to 593.0449 deferred shares.
- Each deferred share entitles the holder to one share of common stock upon settlement, which will occur in a lump sum payment on the first business day of the year following Carter's departure from the Board of Directors.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The transaction reflects a director's continued investment in the company through a standard compensation plan.
Positives
- The director's decision to reinvest dividends signals confidence in the company's future performance.
Future Outlook
The deferred shares will be settled in one 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
Insider transactions are closely watched as indicators of management's confidence in the company's prospects. Dividend reinvestments by directors are generally viewed positively.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment due to the director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of transaction: Acquisition of deferred shares through dividend reinvestment. |
| 03/21/2024 | Date of signature on the Form 4 filing. |
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