Form 4: Stanley Black & Decker Director Andrea J. Ayers Reports Changes in Beneficial Ownership

Director Andrea J. Ayers reports acquisition of common stock and deferred shares through dividend equivalents and deferral plans.

Summary

• On September 17, 2024, Director Andrea J. Ayers reported changes in beneficial ownership of Stanley Black & Decker, Inc. (SWK) common stock.
• Ayers acquired 484 shares of common stock related to restricted stock units (RSUs) that were 100% vested upon grant, but settlement is deferred under the RSU Deferral Plan.
• Additionally, 107.4999 shares were acquired through dividend equivalents under the RSU Deferral Plan at a price of $103.225 per share.
• Ayers also acquired 314.9793 deferred shares through the Deferred Compensation Plan due to the deferral of quarterly director fees.
• An additional 92.7387 deferred shares were acquired through the reinvestment of dividends paid on deferred shares.
• Following these transactions, Ayers beneficially owns 29,624.035 shares of common stock directly, 11,989.325 deferred shares through the Deferred Compensation Plan, and 12,082.0637 deferred shares through dividend reinvestment.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing is a standard disclosure of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• The acquisition of shares through dividend equivalents and deferred compensation plans indicates a continued investment in the company by a director.

Future Outlook

The reporting person's deferred stock units will be settled in one lump sum on the 90th day following the date on which the reporting person ceases to be a member of the Board of Directors or in three, five or ten annual installments beginning on such settlement date, subject to the reporting person's election. The deferred shares credited to the reporting person's account under the Deferred Compensation Plan, including any additional deferred shares acquired through dividend reinvestment, will be settled in one 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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Comparison to Industry Standards

• Director stock ownership is common across publicly traded companies.
• Deferred compensation plans are a typical way to compensate board members and align their interests with long-term shareholder value.
• The specific details of Stanley Black & Decker's RSU Deferral Plan and Deferred Compensation Plan are company-specific, but the general structure is consistent with industry practices.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.
• The director's continued investment in the company may be viewed positively by shareholders.

Key Dates