Form 4: Stanley Black & Decker Director Michael Hankin Reports Changes in Beneficial Ownership

Director Michael Hankin reports acquisition of common stock and deferred shares through dividend equivalents and director fee deferrals.

Summary

• On September 17, 2024, Michael David Hankin, a director of Stanley Black & Decker, acquired 65.5554 shares of common stock at a price of $103.225 per share.
• Hankin also acquired 339.0651 deferred shares through the Stanley Black & Decker Deferred Compensation Plan for Non-Employee Directors, resulting from the deferral of quarterly director fees.
• Additionally, 78.3073 deferred shares were acquired through the reinvestment of dividends paid on deferred shares under the Deferred Compensation Plan.
• Following these transactions, Hankin beneficially owns 10,474.95 shares of common stock directly and 10,196.7737 and 10,275.081 deferred shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and alignment of interests with shareholders.

Positives

• The director's participation in the dividend reinvestment and deferred compensation plans demonstrates a long-term commitment to the company.

Future Outlook

The deferred shares will be settled in common stock upon the director's departure from the Board, according to the terms of the Deferred Compensation Plan.

Industry Context

Directors' stock ownership and participation in deferred compensation plans are common practices, aligning their interests with those of shareholders and demonstrating confidence in the company's future performance.

Comparison to Industry Standards

• Director stock ownership is a common practice across publicly traded companies, including competitors like Techtronic Industries and Makita, where executives often hold significant equity positions.
• Deferred compensation plans are also standard, similar to those offered by companies like Illinois Tool Works, allowing directors to defer income and align their long-term interests with the company's performance.

Related Party Transactions

• The acquisitions of deferred shares through the Deferred Compensation Plan and RSU Deferral Plan are related-party transactions as they involve compensation to a director.

Stakeholder Impact

• The director's increased stock ownership can be viewed positively by shareholders as it aligns management's interests with theirs.
• The transactions have no immediate impact on employees, customers, suppliers, or creditors.

Key Dates