Form 4: Stanley Black & Decker Director Adrian Mitchell Increases Stake Through Deferred Compensation and Dividend Reinvestment

Stanley Black & Decker, Inc. Director Adrian V. Mitchell has reported an increase in his beneficial ownership of company common stock and deferred shares through routine compensation plans and dividend reinvestment.

Summary

• Adrian V. Mitchell, a Director at Stanley Black & Decker, Inc. (SWK), acquired 116.3977 shares of common stock on June 17, 2025, at a price of $64.85 per share, as dividend equivalents under the 2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors.
• Following this transaction, Mr. Mitchell's direct beneficial ownership of common stock increased to 9,321.7513 shares.
• Additionally, Mr. Mitchell acquired 481.8812 deferred shares on June 17, 2025, at a price of $64.85 per share, resulting from the deferral of quarterly director fees under the Stanley Black & Decker Deferred Compensation Plan for Non-Employee Directors.
• He also acquired an additional 57.9942 deferred shares on the same date, at the same price, through the reinvestment of dividends paid on existing deferred shares under the Deferred Compensation Plan.
• Each deferred share entitles the holder to receive one share of common stock upon settlement.
• The deferred shares acquired from fee deferral will be settled in a lump sum payment of common stock on the first business day of the calendar year immediately following the date Mr. Mitchell ceases to be a member of the Board of Directors.
• The deferred shares acquired through dividend reinvestment will be settled in accordance with the deferral election made by Mr. Mitchell applicable to the underlying deferred shares.

Sentiment

Score: 6

Explanation: Slightly positive. While routine, the acquisition of additional shares/deferred shares by a director, even through compensation plans, generally signals continued alignment with shareholder interests and confidence in the company's long-term prospects.

Positives

• The acquisition of additional shares and deferred shares by a director, even through compensation plans, indicates continued alignment of interests between management and shareholders.
• The transactions are part of established compensation and deferral plans, reflecting a structured approach to director remuneration and equity participation.

Future Outlook

The deferred shares acquired from fee deferral are set to be settled in a lump sum payment of common stock on the first business day of the calendar year immediately following the date the reporting person ceases to be a member of the Board of Directors. Other deferred shares will be settled according to prior deferral elections.

Management Comments

• The transactions reflect Adrian V. Mitchell's participation in the company's 2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors and the Stanley Black & Decker Deferred Compensation Plan for Non-Employee Directors, indicating adherence to established compensation structures.

Industry Context

This Form 4 filing is specific to Stanley Black & Decker and its director's compensation. It does not provide broader industry trends but is a routine disclosure of insider equity changes, common across publicly traded companies.

Corporate Governance

Related Party Transactions

• The transactions involve a director (Adrian V. Mitchell) acquiring securities from the company (Stanley Black & Decker, Inc.) as part of compensation plans, which are considered related-party transactions in the context of corporate governance and disclosure.

Stakeholder Impact

• Shareholders: The increase in a director's beneficial ownership, even through compensation, can be viewed positively as it aligns the director's financial interests with those of the shareholders.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• Settlement of deferred shares acquired from fee deferral will occur on the first business day of the calendar year following Adrian V. Mitchell's cessation of Board membership.
• Settlement of other deferred shares will occur in accordance with the reporting person's deferral election.

Key Dates

Keywords

Stanley Black & Decker, SWK, Form 4, Insider Transaction, Director Stock Acquisition, Deferred Compensation, Dividend Reinvestment, Restricted Stock Units, Beneficial Ownership, SEC Filing