Sherwin-Williams director awarded 106.97 deferred units
SHERWIN WILLIAMS CO director Robert James Gamgort acquired 106.97 deferred stock units of common stock in an exempt award under the company’s 2005 Director Deferred Fee Plan.
Rhea-AI Filing Summary
SHERWIN WILLIAMS CO director Robert James Gamgort acquired 106.97 deferred stock units of common stock in an exempt award under the company’s 2005 Director Deferred Fee Plan. Each deferred stock unit is economically equivalent to one common share and is generally payable in stock after he leaves the board.
Following this grant, he indirectly holds 487.96 deferred stock units under the Deferred Fee Plan and continues to hold 1,075 restricted stock units directly, each representing the right to receive one common share. No open‑market purchases or sales were reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 106.97 shares
Grant/Award
2 txns
Insider
Gamgort Robert James
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 106.97 | $315.50 | $34K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 487.96 shares (Indirect, Deferred Fee Plan);
Common Stock — 1,075 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. No transaction is being reported on this line. Reported on a previously filed Form 4.
- F5. These securities consist of 1,075 restricted stock units ("RSUs"). Each RSU represents the Reporting Person's right to receive one share of common stock.
Key Figures
Deferred stock units awarded: 106.97 units
Weighted average share price: $315.50 per share
Deferred stock units held: 487.96 units
+1 more
4 metrics
Deferred stock units awarded
106.97 units
Exempt acquisition under 2005 Director Deferred Fee Plan
Weighted average share price
$315.50 per share
Price used to determine number of deferred stock units
Deferred stock units held
487.96 units
Total deferred stock units after award, held indirectly
Restricted stock units held
1,075 RSUs
Previously reported RSUs, each for one common share
Key Terms
Deferred Fee Plan, deferred stock units, dividend reinvestment feature, restricted stock units
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 financial
"These securities consist of 1,075 restricted stock units ("RSUs")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SHW director Robert James Gamgort report in this Form 4?
Robert James Gamgort reported receiving 106.97 deferred stock units of Sherwin-Williams common stock as an exempt award under the 2005 Director Deferred Fee Plan, rather than buying shares in the open market. These units are equivalent in value to common shares and are settled in stock later.
How many Sherwin-Williams deferred stock units does Robert Gamgort now hold?
After the reported award, Robert Gamgort holds 487.96 deferred stock units under Sherwin-Williams’ Director Deferred Fee Plan. Each deferred stock unit is economically equivalent to one share of common stock and will generally be paid in stock following his separation from board service.
Did Robert Gamgort buy or sell Sherwin-Williams (SHW) stock on the market?
No, the filing does not show any open-market purchases or sales by Robert Gamgort. It reports an exempt acquisition of 106.97 deferred stock units granted under a director fee plan, plus a separate line showing previously reported holdings of restricted stock units.
What is the 2005 Director Deferred Fee Plan mentioned in the SHW Form 4?
The 2005 Director Deferred Fee Plan allows Sherwin-Williams directors to receive compensation as deferred stock units. Each unit equals one common share in economic value and is payable solely in stock, generally after the director leaves the board, helping align director compensation with shareholder interests.
How many restricted stock units does Robert Gamgort hold in Sherwin-Williams?
The filing states that Robert Gamgort holds 1,075 restricted stock units, each representing the right to receive one Sherwin-Williams common share. This line reflects previously reported awards, and no new transaction is reported for these RSUs in the current Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
