[Form 4] SHERWIN WILLIAMS CO Insider Trading Activity

Rhea-AI Filing Summary

Kerrii B. Anderson, a director of Sherwin-Williams (SHW), reported changes in beneficial ownership on 10/03/2025. The filing shows the director acquired deferred stock units under the 2005 Director Deferred Fee Plan equal to 29.09 units at a weighted average price of $343.81 per share; those deferred units are payable in stock, generally after separation from service. The report also shows a disposition of 5,261 common stock-related instruments, comprised of 1,150 restricted stock units (RSUs) and 4,111 shares of common stock. Following the transaction, the reporting person beneficially owned 979.69 deferred stock units indirectly.

Positive

• Deferred fee converted to equity: director received 29.09 deferred stock units under the 2005 Director Deferred Fee Plan, aligning compensation with shareholder value
• Deferred units payable in stock: the units are payable solely in shares, which preserves equity alignment over time

Negative

• Reported disposition of 5,261 instruments: the transaction includes 4,111 shares and 1,150 RSUs, reducing immediate direct holdings
• Indirect beneficial ownership declined to 979.69 units: post-transaction indirect holdings reported as 979.69 deferred units

Insights

Corporate Governance Expert

Director converted cash fees to deferred stock units while reporting a partial disposition of equity holdings.

The director received deferred stock units under the 2005 Director Deferred Fee Plan, which convert fees into equity and vest/pay out in stock after departure. The filing lists a weighted average price of $343.81 used to calculate 29.09 deferred units on 10/03/2025, indicating fee deferral rather than an open-market purchase.

This filing also records a disposition of 5,261 instruments (1,150 RSUs plus 4,111 shares). Investors may watch aggregate insider ownership levels and any scheduled vesting or payroll conversions over the next 12 months to understand director alignment and potential future supply to the market.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ANDERSON KERRII B

(Last) (First) (Middle)

101 W. PROSPECT AVENUE

(Street)

CLEVELAND OH 44115

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SHERWIN WILLIAMS CO [ SHW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/03/2025		A		29.09(1)	A	$343.81(2)	979.69(3)	I	Deferred Fee Plan
Common Stock								5,261(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the number of deferred stock units acquired by the Reporting Person, in an exempt transaction, pursuant to the 2005 Director Deferred Fee Plan ("Deferred Fee Plan"). Each deferred stock unit is the economic equivalent of one share of common stock. The deferred stock units become payable solely in stock, generally following the Reporting Person's separation from service as a Director of the Company.

2. Represents the weighted average share price on the transaction date used to determine the number of deferred stock units credited to the Reporting Person's account.

3. These securities consist of deferred stock units, held pursuant to the Deferred Fee Plan, and include deferred stock units acquired pursuant to the dividend reinvestment feature of such Plan.

4. These securities consist of 1,150 restricted stock units ("RSUs") and 4,111 shares of common stock. Each RSU represents the Reporting Person's right to receive one share of common stock.

Remarks:

	Stephen J. Perisutti, Attorney-in-fact	10/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did SHW director Kerrii Anderson report on Form 4?

The filing reports acquisition of 29.09 deferred stock units under the 2005 Director Deferred Fee Plan and a disposition of 5,261 instruments (1,150 RSUs and 4,111 common shares) on 10/03/2025.

What is the value used to calculate the deferred stock units?

The weighted average share price used to calculate the deferred stock units was $343.81 on 10/03/2025.

How are the deferred stock units paid out?

The deferred stock units are the economic equivalent of one share each and are payable solely in stock, generally after the director’s separation from service.

How many RSUs and shares were disposed of in the reported transaction?

The report specifies a disposition of 1,150 RSUs and 4,111 shares, totaling 5,261 instruments.

What is the reporting person’s beneficial ownership after the transaction?

Following the reported transactions, the filing shows 979.69 deferred stock units held indirectly by the reporting person.