Sherwin-Williams (NYSE: SHW) CLO reports PRSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sherwin-Williams senior vice president and chief legal officer Mary L. Garceau reported equity compensation activity in company common stock. She acquired 9,000 shares at a stated price of $0.0000 through a performance-based restricted stock unit award that vested based on 2023–2025 performance conditions. On the same date, 3,618 shares at $368.5900 per share were withheld by the company to cover her tax obligations from this vesting, meaning these were not open-market sales. Following these transactions, she directly held 35,357 shares of common stock and indirectly held 901.97 shares through The Sherwin-Williams Company 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
GARCEAU MARY L
Role
SVP - CLO and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,618 | $368.59 | $1.33M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 38,975 shares (Direct);
Common Stock — 901.97 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 did SHERWIN WILLIAMS CO (SHW) insider Mary L. Garceau report on this Form 4?
Mary L. Garceau reported a vested performance-based restricted stock unit award for 9,000 Sherwin-Williams common shares and a related tax-withholding share disposition. The filing also updated her direct and 401(k) plan share holdings in the company.
What is the nature of the equity award reported for SHERWIN WILLIAMS CO (SHW) in this Form 4?
The award is a performance-based restricted stock unit (PRSU) grant that paid out in common shares upon vesting. It was granted on February 14, 2023 and vested based on performance conditions for the 2023–2025 period under the company’s 2006 Equity and Performance Incentive Plan.