Form 4: Stanley Black & Decker Director Jane Palmieri Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Jane Palmieri reports acquisition of common stock and deferred shares through dividend reinvestments in Stanley Black & Decker, Inc.
Summary
- On June 18, 2024, Jane Palmieri, a director of Stanley Black & Decker, Inc., acquired 63.2233 shares of common stock at a price of $84.395 per share.
- These shares were acquired through dividend equivalents under the 2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors.
- Palmieri also acquired 18.7779 additional deferred shares through the reinvestment of dividends paid on deferred shares under the Deferred Compensation Plan for Non-Employee Directors.
- Following these transactions, Palmieri beneficially owns 6,650.5525 shares of common stock directly and 1,975.2711 deferred shares.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine insider transactions indicating confidence in the company, but it's not a major event.
Positives
- The director's acquisition of shares through dividend reinvestment signals confidence in the company's future performance.
Future Outlook
The deferred shares will be settled in a lump sum payment of common stock on March 1 following the date Palmieri ceases to be a member of the Board of Directors.
Industry Context
This filing is a routine disclosure of insider transactions, which are common among publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transactions may have a minor positive impact on shareholder confidence due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 06/18/2024 | Date of transaction: Acquisition of common stock and deferred shares. |
| 06/21/2024 | Date of signature on the Form 4 filing. |
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