Sherwin-Williams (SHW) executive receives 9,900-share PRSU vesting, 4,416 withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sherwin-Williams executive Justin T. Binns reported equity compensation activity involving common stock. He acquired 9,900 shares through the vesting and payout of a performance-based restricted stock unit (PRSU) award covering the 2023–2025 performance period, granted under the company’s equity and performance incentive plan.
To cover tax withholding on this vesting, 4,416 shares were mandatorily withheld by the company at a price of $368.59 per share, a non-open-market, tax-withholding disposition. After these transactions, he directly holds 21,937 common shares and has an additional 5,922.35 shares attributable to his participation in The Sherwin-Williams Company 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Binns Justin T
Role
President, Glob. Architectural
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,900 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,416 | $368.59 | $1.63M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,353 shares (Direct);
Common Stock — 5,922.35 shares (Indirect, 401(k) Plan)
Footnotes (1)
- These securities represent a performance-based restricted stock unit ("PRSU") award that has vested and paid out in shares of Common Stock. This award was granted on February 14, 2023, and vested subject to the achievement of certain performance conditions for the 2023 - 2025 performance period, pursuant to the terms of a PRSU agreement under The Sherwin-Williams Company 2006 Equity and Performance Incentive Plan. These securities represent the number of shares of Common Stock mandatorily withheld by the Issuer to satisfy the Reporting Person's tax withholding liabilities due upon the vesting of the PRSU award. 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 2/13/2026 statement.
FAQ
What insider transactions did SHERWIN WILLIAMS CO (SHW) report for Justin T. Binns?
Sherwin-Williams reported that executive Justin T. Binns received 9,900 common shares from a vested performance-based restricted stock unit award. To satisfy related tax liabilities, 4,416 shares were mandatorily withheld by the company at $368.59 per share, rather than sold on the open market.
Was the Sherwin-Williams (SHW) Form 4 a stock sale by Justin T. Binns?
The Form 4 shows no open-market sale by Justin T. Binns. Instead, 4,416 shares were disposed of as a tax-withholding transaction, where the issuer withheld shares at $368.59 to cover taxes triggered by a vested performance-based restricted stock unit award.
What are Justin T. Binns’ Sherwin-Williams (SHW) holdings after these transactions?
Following these Form 4 transactions, Justin T. Binns directly holds 21,937 shares of Sherwin-Williams common stock. He also has 5,922.35 additional shares attributable to his participation in The Sherwin-Williams Company 401(k) Plan, based on the trustee’s February 13, 2026 statement.
What type of award vested for Justin T. Binns at Sherwin-Williams (SHW)?
The award that vested was a performance-based restricted stock unit (PRSU) grant. It was issued on February 14, 2023 and vested based on achieving specified performance conditions for the 2023–2025 performance period, then paid out in 9,900 shares of Sherwin-Williams common stock.