Form 4: Stanley Black & Decker Executive Janet Link Reports Stock Transactions
SEC Form 4 Filing
Janet Link, SVP, General Counsel & Secretary at Stanley Black & Decker, reported the vesting of restricted stock units and the withholding of shares for tax obligations.
Summary
- Janet Link, a Senior Vice President at Stanley Black & Decker, filed a Form 4 detailing changes in her beneficial ownership of company stock.
- The filing shows the vesting of 413 restricted stock units (RSUs) on December 3, 2024.
- Additionally, 192 shares were withheld to cover tax obligations related to the vesting of the RSUs at a price of $88.495 per share.
- The filing also reclassifies previously reported unvested RSUs from Table I to Table II, totaling 21,690 shares.
- These reclassified RSUs are from grants made on various dates between 2020 and 2024, and vest over multiple years.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, which is neither positive nor negative in itself. It is a neutral event.
Industry Context
This filing is a routine disclosure of executive stock transactions, which is common practice for publicly traded companies. It provides transparency into the compensation and ownership structure of the company's leadership.
Comparison to Industry Standards
- Executive stock transactions are a standard part of compensation packages in publicly traded companies.
- The vesting schedules and tax withholding practices are typical for RSU grants.
- Companies like Illinois Tool Works (ITW) and Emerson Electric (EMR) also use similar equity-based compensation for their executives, with vesting schedules and tax withholding practices that are comparable to those disclosed in this filing.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation.
- The transactions have a minimal impact on the company's overall financial position.
Key Dates
| Date | Description |
|---|---|
| 12/03/2020 | Date of grant for 1,650 RSUs vesting in four annual installments. |
| 12/10/2021 | Date of grant for 2,350 RSUs vesting in four annual installments. |
| 04/22/2022 | Date of grant for 2,350 RSUs vesting in two installments on April 22, 2026 and April 22, 2027. |
| 12/06/2022 | Date of grant for 5,859 RSUs vesting in three annual installments. |
| 02/15/2023 | Date of grant for 4,982 RSUs vesting in three annual installments. |
| 03/01/2024 | Date of grant for 5,876 RSUs vesting in three annual installments. |
| 12/03/2024 | Date of RSU vesting and tax withholding. |
| 12/05/2024 | Date of Form 4 filing. |
Keywords
Form 4, insider trading, restricted stock units, RSU, stock vesting, Stanley Black & Decker, executive compensation, Janet Link
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