Form 4: Stanley Black & Decker Director Acquires Additional Shares Through Dividend Equivalents and Deferred Compensation

Director Michael David Hankin acquired additional shares of Stanley Black & Decker through dividend equivalents and participation in deferred compensation plans.

Summary

• On June 18, 2024, Director Michael David Hankin acquired 78.4513 shares of Stanley Black & Decker common stock at $84.395 per share through dividend equivalents under the 2020 Restricted Stock Unit Deferral Plan.
• Hankin also acquired 414.7165 deferred shares through the Deferred Compensation Plan for Non-Employee Directors, representing deferred quarterly director fees.
• Additionally, 89.7691 deferred shares were acquired through the reinvestment of dividends paid on existing deferred shares.
• Following these transactions, Hankin beneficially owns 10,409.3946 shares of common stock directly, and 9,857.7086 deferred shares indirectly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions reflect a director's continued investment in the company through standard compensation mechanisms, indicating confidence in the company's future.

Positives

• The director's participation in dividend reinvestment and deferred compensation plans demonstrates a long-term commitment to the company.
• Acquisition of shares through dividend equivalents and deferred compensation plans does not require immediate cash outlay from the director.

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

Directors commonly participate in deferred compensation and dividend reinvestment plans, aligning their interests with long-term shareholder value. This filing is a routine disclosure of such activities.

Comparison to Industry Standards

• Director compensation packages often include deferred compensation plans to incentivize long-term performance, similar to practices at companies like Illinois Tool Works (ITW) and Emerson Electric (EMR).
• Dividend reinvestment programs are standard for directors, mirroring programs offered by companies such as 3M (MMM) and Caterpillar (CAT).

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• They reflect a director's ongoing investment in the company, which can be viewed positively by shareholders.

Key Dates