Form 4: Stanley Black & Decker CEO Donald Allan Reports Stock Transactions
SEC Form 4 Filing
CEO Donald Allan of Stanley Black & Decker reported the vesting of restricted stock units and the withholding of shares for tax obligations.
Summary
- Donald Allan, the President and CEO of Stanley Black & Decker, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- The filing shows the vesting of 659 restricted stock units (RSUs) on December 3, 2024.
- A total of 290 shares were withheld to cover tax obligations related to the vesting of the RSUs at a price of $88.495 per share.
- The filing also reclassifies 58,281 unvested RSUs from Table I to Table II, which details derivative securities.
- The RSUs were granted on various dates between December 2020 and March 2024 and vest in annual installments.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not contain any information that would significantly impact investor sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The vesting schedules and tax withholding practices are typical for executive compensation packages in similar companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the vesting of previously granted stock options.
Key Dates
| Date | Description |
|---|---|
| 12/03/2020 | Date of initial grant of 2,749 RSUs, with vesting starting on December 16, 2020. |
| 12/29/2021 | Date of grant of 3,979 RSUs, with vesting starting on December 31, 2021. |
| 07/05/2022 | Date of grant of 8,353 RSUs, with vesting starting on December 19, 2022. |
| 12/06/2022 | Date of grant of 9,916 RSUs, with vesting starting on December 19, 2022. |
| 02/15/2023 | Date of grant of 25,603 RSUs, with vesting starting on December 16, 2023. |
| 03/01/2024 | Date of grant of 29,032 RSUs, with vesting starting on the first anniversary of the grant date. |
| 12/03/2024 | Date of the reported transaction where 659 RSUs vested and shares were withheld for taxes. |
| 12/05/2024 | Date of the filing of the Form 4. |
Keywords
Form 4, SEC Filing, Insider Trading, Stock Options, Restricted Stock Units, Stanley Black & Decker, SWK, Donald Allan
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