Form 4: Stanley Black & Decker Director Acquires Additional Shares Through Dividend Reinvestment

Director Adrian V. Mitchell acquired additional shares of Stanley Black & Decker through dividend reinvestment and corrects a clerical error in a previous filing.

Summary

• On March 19, 2024, Adrian V. Mitchell, a director of Stanley Black & Decker, acquired 32.3719 shares of common stock through dividend equivalents under the company's RSU Deferral Plan at a price of $89.485 per share.
• Mitchell also acquired 23.914 deferred shares through the reinvestment of dividends paid on deferred shares under the Deferred Compensation Plan.
• The filing also corrects a clerical error in a previous Form 4 filed on December 21, 2023, which overstated the deferred shares by 2.6004 shares.
• Following the reported transactions, Mitchell beneficially owns 3,608.668 shares of common stock and 3,017.3211 deferred shares.

Sentiment

Score: 7

Explanation: The document reflects standard director compensation practices and a minor correction, suggesting a neutral to slightly positive sentiment due to the ongoing investment by a director.

Industry Context

This filing reflects routine transactions related to director compensation and dividend reinvestment, which are common practices in publicly traded companies.

Comparison to Industry Standards

• Director compensation practices, including stock and deferred share programs, are common across publicly traded companies.
• Dividend reinvestment plans are a standard feature offered by many companies to encourage long-term investment by shareholders, including directors.
• Companies like Illinois Tool Works (ITW) and 3M (MMM) also have similar director compensation plans involving stock and deferred shares.

Key Dates