Form 4: Stanley Black & Decker Director Acquires Deferred Shares

Director Michael David Hankin acquired deferred shares in Stanley Black & Decker through the company's Deferred Compensation Plan for Non-Employee Directors.

Summary

• On March 15, 2024, Michael David Hankin, a director of Stanley Black & Decker, acquired 393.6786 deferred shares.
• The acquisition was made pursuant to the Stanley Black & Decker Deferred Compensation Plan for Non-Employee Directors.
• The price per share was $88.91.
• Following the transaction, Hankin beneficially owns 9,275.7077 deferred shares.
• Each deferred share entitles the holder to receive one share of common stock upon settlement, which will occur in a lump sum payment of common stock on the first business day of the year following the date on which the reporting person ceases to be a member of the Board of Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider confidence in the company's future.

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

This filing reflects standard compensation practices for non-employee directors, often involving deferred stock or share units to align their interests with long-term shareholder value.

Comparison to Industry Standards

• Deferred compensation plans for directors are common across publicly traded companies, including peers like Techtronic Industries and Hilti.
• These plans typically allow directors to defer cash compensation into stock or stock units, often with vesting schedules or payout terms tied to their tenure on the board.
• The specific terms of Stanley Black & Decker's plan, such as the timing of settlement and dividend reinvestment, are consistent with industry norms.

Stakeholder Impact

• The acquisition of deferred shares aligns the director's interests with those of shareholders, promoting long-term value creation.

Key Dates