Form 4: Stanley Black & Decker Executive Tamer Abuaita Reports Stock Transactions
SEC Form 4 Filing
Chief Supply Chain Officer Tamer Abuaita of Stanley Black & Decker reported the vesting of restricted stock units and the withholding of shares for tax obligations.
Summary
- Tamer Abuaita, Chief Supply Chain Officer at Stanley Black & Decker, reported transactions involving company stock on December 6, 2024.
- These transactions include the vesting of 1,953 restricted stock units (RSUs) and the withholding of 769 shares to cover tax obligations.
- The vesting of RSUs resulted in a net increase of 1,953 shares of common stock beneficially owned by Mr. Abuaita.
- The withheld shares were valued at $85.04 each.
- The report also details the transfer of previously reported unvested RSUs from Table I to Table II, which now lists the vesting schedule of these RSUs.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of executive stock transactions, which is neither positive nor negative in itself. The sentiment is neutral to slightly positive due to the vesting of RSUs.
Positives
- The vesting of RSUs indicates a positive performance milestone for the executive.
- The detailed reporting provides transparency into executive compensation and stock ownership.
Industry Context
This filing is a routine disclosure of executive stock transactions, which is common practice for publicly traded companies. It provides transparency into executive compensation and ownership.
Comparison to Industry Standards
- The reporting of stock transactions by executives is a standard practice across publicly listed companies in the United States.
- The use of restricted stock units as part of executive compensation is a common practice, aligning executive interests with shareholder value.
- Companies like Honeywell, 3M, and Emerson Electric also regularly report similar transactions by their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in executive ownership.
- The vesting of RSUs is part of the executive compensation package, which is of interest to employees.
Key Dates
| Date | Description |
|---|---|
| 12/06/2022 | Date of grant for 5,859 RSUs vesting in three annual installments. |
| 02/16/2022 | Date of grant for 10,549 RSUs vesting in four annual installments. |
| 02/15/2023 | Date of grant for 5,049 RSUs vesting in three annual installments. |
| 02/15/2023 | Date of grant for 11,072 RSUs vesting in three annual installments. |
| 03/01/2024 | Date of grant for 4,757 RSUs vesting in three annual installments. |
| 12/06/2024 | Date of reported stock transactions, including RSU vesting and tax withholding. |
| 12/10/2024 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Stanley Black & Decker, Stock Transactions, Restricted Stock Units, Executive Compensation, Tamer Abuaita, Share Vesting, SEC Filing
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