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

Director Poul Mojdeh reports acquiring additional common stock and deferred shares of Stanley Black & Decker through dividend reinvestment and corrects a previous reporting error.

Summary

• On March 19, 2024, Poul Mojdeh, a director of Stanley Black & Decker, acquired 39.8951 shares of common stock at $89.485 per share through dividend equivalents under the RSU Deferral Plan.
• Additionally, Mojdeh acquired 30.5016 deferred shares through reinvestment of dividends paid on deferred shares under the Deferred Compensation Plan.
• The report also corrects a clerical error in a previous Form 4 filing from December 21, 2023, where the deferred shares were overstated by 2.6003 shares.
• Following these transactions, Mojdeh beneficially owns 4,447.3292 shares of common stock and 3,400.1847 deferred shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is increasing their stake in the company through dividend reinvestment, which is a positive signal. The correction of a previous error is also a good sign of accurate reporting.

Positives

• The director's acquisition of shares through dividend reinvestment demonstrates a continued investment in the company.
• The correction of the clerical error ensures accurate reporting of beneficial ownership.

Industry Context

This filing is a routine disclosure of a director's transactions in company stock, which is common for publicly traded companies. It provides transparency to investors regarding insider activity.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in compliance with SEC regulations.
• Dividend reinvestment plans are a common way for directors and employees to increase their stake in the company.

Stakeholder Impact

• The director's increased investment in the company could be viewed positively by shareholders.

Key Dates