Sherwin-Williams (NYSE: SHW) president unloads 13,500 shares
Rhea-AI Filing Summary
SHERWIN WILLIAMS CO (SHW) executive Justin T. Binns, President, Glob. Architectural, reported multiple transactions in Sherwin-Williams common stock. On August 17, 2026, he exercised 13,500 stock options with a $90.04 exercise price, receiving an equal number of common shares, and on the same date sold 13,500 shares at a weighted average price of about $352.70 per share in multiple trades between $353.01 and $352.66.
On August 18, 2026, he made a bona fide gift of 813 shares to a charitable donor advised fund. Following these transactions, 6,009.63 shares of common stock are attributable to his participation in The Sherwin-Williams Company 401(k) Plan, reported as indirect ownership. The exercised options, granted in 2016, are now fully exhausted according to this report.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 13,500 shares ($3.55M approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Binns Justin T
Role
President, Glob. Architectural
Sold
13,500 shs ($4.76M)
Approx. gross sale proceeds
$4.76M
Approx. exercise cost
$1.22M
Approx. pre-tax spread
$3.55M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F2 | 813 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (Right to Buy) F4 | 13,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 13,500 | $90.04 | $1.22M |
| Sale | Common Stock F1 | 13,500 | $352.70 | $4.76M |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 21,124 shares (Direct);
Common Stock — 6,009.63 shares (Indirect, 401(k) Plan)
Footnotes (4)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $353.01 to $352.66 per share. The Reporting Person undertakes to provide to The Sherwin-Williams Company, any security holder of The Sherwin-Williams Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2. Represents a gift made by the Reporting Person to a charitable donor advised fund.
- F3. Represents the number of shares of Common Stock attributable to the Reporting Person's participation in The Sherwin-Williams Company 401(k) Plan per the trustee's 6/30/2026 statement.
- F4. These options were granted on October 18, 2016 and vested in three equal installments on each of the first three anniversaries of the date of grant, subject to vesting conditions.
Key Figures
Options Exercised: 13,500 shares
Option Exercise Price: $90.04 per share
Shares Sold: 13,500 shares
+5 more
8 metrics
Options Exercised
13,500 shares
Employee Stock Option (Right to Buy) exercised on August 17, 2026
Option Exercise Price
$90.04 per share
Conversion or exercise price for 13,500 options
Shares Sold
13,500 shares
Common Stock sale on August 17, 2026 following option exercise
Weighted Average Sale Price
$352.70 per share
Weighted average price for 13,500 shares, with trades from $353.01 to $352.66
Gifted Shares
813 shares
Bona fide gift of Common Stock on August 18, 2026
401(k) Plan Holdings
6,009.63 shares
Common Stock attributable to participation in The Sherwin-Williams Company 401(k) Plan per 6/30/2026 statement
Option Expiration Date
October 17, 2026
Expiration date of the exercised 2016 stock option grant
Net Buy/Sell Shares
-13,500 shares
Net share direction across reported buy/sell transactions in this filing
Key Terms
bona fide gift, weighted average price, Employee Stock Option (Right to Buy), 401(k) Plan, +1 more
5 terms
bona fide gift financial
"Represents a gift made by the Reporting Person to a charitable donor advised fund."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Employee Stock Option (Right to Buy) financial
"Employee Stock Option (Right to Buy) with an exercise price of $90.0400."
401(k) Plan financial
"attributable to the Reporting Person's participation in The Sherwin-Williams Company 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
indirect ownership financial
"total shares following transaction reported as indirect ownership through a 401(k) Plan."
FAQ
What stock option exercise did Justin T. Binns report for SHW?
Justin T. Binns exercised 13,500 Employee Stock Options in SHW on August 17, 2026 at an exercise price of $90.04 per share. These options, granted in 2016, converted into 13,500 shares of common stock before being sold the same day.
Did Justin T. Binns make any gifts of SHW stock?
Yes. On August 18, 2026, he made a bona fide gift of 813 shares of SHW common stock. The gift was made to a charitable donor advised fund, and is reported with no per-share price, consistent with a gift disposition.
What SHW holdings does Justin T. Binns report in his 401(k) Plan?
He reports 6,009.63 shares of SHW common stock attributable to his participation in The Sherwin-Williams Company 401(k) Plan. This amount is based on the plan trustee’s June 30, 2026 statement and is reported as indirect ownership.
What happened to the SHW stock options exercised by Justin T. Binns?
The 13,500 options exercised at $90.04 per share were granted on October 18, 2016 and vested in three annual installments. Following the August 17, 2026 exercise, this specific option grant shows 0.00 options remaining in the report.
AI-generated analysis. How Rhea-AI works. Not financial advice.
