Form 4: Stanley Black & Decker COO Disposes of Shares to Cover Tax Obligations
SEC Form 4
Christopher John Nelson, COO of Stanley Black & Decker, disposed of shares to satisfy tax withholding obligations related to vested restricted stock units.
Summary
- On July 5, 2024, Christopher John Nelson, COO of Stanley Black & Decker, disposed of 9,679 shares of common stock at a price of $80.5225 per share.
- This transaction was to cover remaining tax obligations arising from an administrative error related to the vesting of restricted stock units.
- Following the transaction, Nelson directly owns 68,976 shares of Stanley Black & Decker common stock.
Sentiment
Score: 6
Explanation: The document describes a routine transaction related to tax obligations. The administrative error is a minor negative, but overall the impact is neutral.
Industry Context
Executive share transactions are common and often related to compensation and tax planning. This transaction appears to be related to tax obligations rather than a change in the executive's outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | Original Form 4 filing reporting withholding of shares for tax obligations. |
| 07/05/2024 | Date of transaction: Disposition of shares to satisfy remaining tax obligations. |
| 07/08/2024 | Date of signature on the Form 4 filing. |
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