Form 4: Stanley Black & Decker Director Acquires Deferred Shares Through Compensation Plan

Director John L. Garrison Jr. acquired 284.728 deferred shares of Stanley Black & Decker stock through the company's Deferred Compensation Plan.

Summary

• John L. Garrison Jr., a director at Stanley Black & Decker, acquired 284.728 deferred shares of common stock on December 17, 2024.
• These shares were acquired through the company's Deferred Compensation Plan for Non-Employee Directors.
• The acquisition is a result of deferring quarterly director fees paid in cash.
• Each deferred share will be settled for one share of common stock upon the director's departure from the board.
• The price per share at the time of acquisition was $82.925.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. It indicates alignment of interests between the director and the company.

Positives

• The acquisition of deferred shares demonstrates the director's continued commitment to the company.
• The deferred compensation plan aligns the director's interests with those of the shareholders.

Future Outlook

The deferred shares will be settled in a lump sum payment of common stock on December 15 immediately following the date on which the reporting person ceases to be a member of the Board of Directors.

Industry Context

This type of transaction is common for directors of public companies as part of their compensation packages, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Deferred compensation plans are a standard practice for non-employee directors in many publicly traded companies, including those in the industrial sector like Stanley Black & Decker.
• Companies such as Illinois Tool Works (ITW) and 3M (MMM) also utilize similar deferred compensation structures for their board members.
• The number of shares acquired is typical for a director's quarterly compensation deferral, and the price is reflective of the market value of SWK stock at the time of the transaction.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the long-term performance of the company.

Key Dates

Keywords

Stanley Black & Decker, Director, Deferred Shares, Compensation Plan, Stock Acquisition, SWK