Form 4: Stanley Black & Decker Director Poul Mojdeh Reports Acquisition of Common Stock and Deferred Shares

Director Poul Mojdeh reports acquiring additional common stock and deferred shares through dividend reinvestments in Stanley Black & Decker's compensation plans.

Summary

• On June 18, 2024, Poul Mojdeh, a director of Stanley Black & Decker, 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.
• Mojdeh also acquired 32.634 deferred shares through reinvestment of dividends paid on deferred shares under the Deferred Compensation Plan for Non-Employee Directors.
• Following these transactions, Mojdeh beneficially owns 6,650.5525 shares of common stock and 3,432.8187 deferred shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the transactions reflect a director's continued investment in the company through dividend reinvestments, indicating confidence in the company's performance.

Positives

• The director's participation in dividend reinvestment plans demonstrates confidence in the company's future.
• The acquisition of additional shares increases the director's alignment with shareholder interests.

Future Outlook

The deferred shares will be settled in ten 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

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future prospects. Dividend reinvestments are a common way for insiders to increase their stake in a company.

Comparison to Industry Standards

• Comparing Stanley Black & Decker's insider ownership to companies like Techtronic Industries (TTI) or Makita could provide a broader context.
• Analyzing the prevalence of deferred compensation plans among peer companies such as Illinois Tool Works (ITW) or Snap-on (SNA) would be useful.
• Benchmarking the dividend reinvestment participation rate of Stanley Black & Decker's directors against industry averages could offer further insights.

Stakeholder Impact

• The transactions signal to shareholders that a director is increasing their stake in the company, which can be viewed positively.
• The dividend reinvestment plans benefit the company by retaining capital that would otherwise be paid out as dividends.

Key Dates