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

Director Irving Tan acquired deferred shares of Stanley Black & Decker common stock through the company's Deferred Compensation Plan for Non-Employee Directors.

Summary

• On March 15, 2024, Irving Tan, a director of Stanley Black & Decker, acquired 407.7386 deferred shares of common stock through the Stanley Black & Decker Deferred Compensation Plan for Non-Employee Directors.
• The acquisition price was $88.91 per share.
• Following the transaction, Tan directly owns 4,675.5955 deferred shares.
• These deferred shares were acquired as a result of the deferral of quarterly director fees paid in cash.
• Each deferred share entitles the holder to receive one share of common stock upon settlement.
• The deferred shares will be settled in five approximately equal annual installments of common stock starting on the first business day of the calendar year immediately following the date on which Tan ceases to be a member of the Board of Directors.

Sentiment

Score: 6

Explanation: The document is a neutral report of an insider transaction. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of deferred shares demonstrates the director's continued investment in the company's future.
• The Deferred Compensation Plan allows directors to align their interests with those of long-term shareholders.

Future Outlook

The deferred shares will be settled in five approximately equal annual installments of common stock starting 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 Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive compensation in the form of stock or deferred shares to align their interests with shareholders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency regarding director compensation and ownership.

Key Dates