Sherwin-Williams (NYSE: SHW) director receives new deferred stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sherwin-Williams director Michael H. Thaman received an equity-based compensation award in the form of deferred stock units tied to the company’s common stock. On the transaction date, he acquired 106.97 deferred stock units under the 2005 Director Deferred Fee Plan at a weighted average price reference of $315.50 per unit.
Each deferred stock unit is economically equivalent to one share of common stock and will be settled in stock, generally after he leaves the board. Following this grant, he indirectly holds 5,601.56 deferred stock units in the Deferred Fee Plan and directly holds 8,111 common-related units, consisting of 1,100 restricted stock units and 7,011 shares of common stock. No open-market purchases or sales were reported, and no derivative securities remain outstanding in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
THAMAN MICHAEL H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 106.97 | $315.50 | $34K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,601.56 shares (Indirect, Deferred Fee Plan);
Common Stock — 8,111 shares (Direct)
Footnotes (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. Represents the weighted average share price on the transaction date used to determine the number of deferred stock units to be credited to the Reporting Person's account. 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. No transaction is being reported on this line. Reported on a previously filed Form 4. These securities consist of 1,100 restricted stock units ("RSUs") and 7,011 shares of common stock. Each RSU represents the Reporting Person's right to receive one share of common stock.
Key Figures
Deferred stock units granted: 106.97 units
Weighted average reference price: $315.50 per unit
Indirect deferred stock units: 5,601.56 units
+3 more
6 metrics
Deferred stock units granted
106.97 units
Director Deferred Fee Plan award on transaction date
Weighted average reference price
$315.50 per unit
Price used to determine number of deferred stock units
Indirect deferred stock units
5,601.56 units
Deferred Fee Plan holdings after award
Total direct holdings
8,111 units
Combination of RSUs and common shares
Restricted stock units
1,100 RSUs
Each RSU equals right to one common share
Direct common shares
7,011 shares
Sherwin-Williams common stock held directly
Key Terms
Deferred Fee Plan, deferred stock units, dividend reinvestment feature, restricted stock units ("RSUs")
4 terms
Deferred Fee Plan financial
"pursuant to the 2005 Director Deferred Fee Plan ("Deferred Fee Plan")."
deferred stock units financial
"Represents the number of deferred stock units acquired by the Reporting Person"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend reinvestment feature financial
"include deferred stock units acquired pursuant to the dividend reinvestment feature of such Plan."
restricted stock units ("RSUs") financial
"These securities consist of 1,100 restricted stock units ("RSUs") and 7,011 shares"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
FAQ
What did Sherwin-Williams (SHW) director Michael H. Thaman report on this Form 4?
Michael H. Thaman reported receiving an equity-based compensation award of 106.97 deferred stock units linked to Sherwin-Williams common stock. The units were credited under the 2005 Director Deferred Fee Plan based on a weighted average price of $315.50 per unit.
Is Michael H. Thaman buying or selling Sherwin-Williams (SHW) stock in this filing?
He is not buying or selling shares on the open market. The Form 4 shows a grant of 106.97 deferred stock units as director compensation, an exempt transaction under the company’s Deferred Fee Plan rather than a discretionary trade.
How many Sherwin-Williams (SHW) deferred stock units does Michael H. Thaman now hold?
After this award, he indirectly holds 5,601.56 deferred stock units under the 2005 Director Deferred Fee Plan. These units are economically equivalent to common shares and will be paid out in stock, generally following his separation from board service.
What are deferred stock units in the Sherwin-Williams (SHW) Director Deferred Fee Plan?
Deferred stock units are book-entry units whose value tracks one share of Sherwin-Williams common stock. Under the Director Deferred Fee Plan, they are credited as fees are deferred and typically become payable solely in stock after the director leaves the board.
What direct Sherwin-Williams (SHW) equity holdings does Michael H. Thaman report?
He reports 8,111 direct common-related units, made up of 1,100 restricted stock units (RSUs) and 7,011 shares of common stock. Each RSU represents the right to receive one share of Sherwin-Williams common stock in the future.
Does this Sherwin-Williams (SHW) Form 4 include any derivative securities or option exercises?
No, the filing shows no derivative securities or option exercises. The activity consists solely of an exempt grant of deferred stock units under the Director Deferred Fee Plan and a separate line confirming previously reported direct holdings.