Form 4: Stanley Black & Decker Executive Reclassifies Restricted Stock Units
Securities Filing
A Stanley Black & Decker executive has reclassified unvested restricted stock units from Table I to Table II in a Form 4 filing, with no actual transactions reported.
Summary
- This Form 4 filing by Stanley Black & Decker's EVP, Chief Financial Officer, Patrick D. Hallinan, is a voluntary report to move unvested restricted stock units (RSUs) from Table I to Table II.
- No transactions are being reported in this filing, meaning no shares were bought or sold.
- The filing reflects a decrease of 40,779 shares in Table I, representing unvested RSUs that are now reported in Table II.
- These RSUs represent a contingent right to receive one share of the company's common stock upon vesting.
- The RSUs were granted on April 12, 2023 (11,556 RSUs and 33,559 RSUs) and March 1, 2024 (10,703 RSUs), vesting in three approximately equal annual installments beginning on the first anniversary of the grant date.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral event.
Industry Context
This filing is a routine disclosure related to executive compensation and is common for publicly traded companies. It does not indicate any significant change in the company's financial health or operations.
Comparison to Industry Standards
- The reporting of executive stock awards and their vesting schedules is standard practice for publicly traded companies like Stanley Black & Decker.
- Companies such as Techtronic Industries, and Snap-on also regularly report similar stock-based compensation for their executives.
- The vesting schedules of three approximately equal annual installments are also a common practice in the industry.
Stakeholder Impact
- This filing provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 2023-04-12 | Grant date of 11,556 and 33,559 restricted stock units. |
| 2024-03-01 | Grant date of 10,703 restricted stock units. |
| 2024-12-12 | Date of Form 4 filing. |
Keywords
Restricted Stock Units, RSU, Form 4, Stanley Black & Decker, Executive Compensation, Securities Filing, Unvested Shares
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