Form 4: Stanley Black & Decker EVP, CFO Hallinan Patrick D, Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Patrick D. Hallinan, EVP and CFO of Stanley Black & Decker, disposed of 6,979 shares of common stock on April 12, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On April 12, 2024, Patrick D. Hallinan, the EVP and Chief Financial Officer of Stanley Black & Decker, disposed of 6,979 shares of common stock.
- The transaction was executed at a price of $91.94 per share.
- The disposal was to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units.
- Following the transaction, Hallinan directly owns 48,839 shares of Stanley Black & Decker common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 04/12/2024 | Date of stock disposal transaction. |
| 04/15/2024 | Date of signature by Attorney-in-Fact. |
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