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Sherwin-Williams Form 4: CAO James Lang disposes 860 shares at $350.35

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

On 08/06/2025, James P. Lang, Senior Vice-President – Enterprise Finance & Chief Accounting Officer of The Sherwin-Williams Company (SHW), filed a Form 4 detailing an option exercise and share sale.

• Lang exercised 860 employee stock options (grant 10/16/2019) at an exercise price of $186.85 (code “M”).
• He immediately sold the 860 acquired shares at a market price of $350.35 (code “S”), generating gross proceeds of roughly $301 k.

Post-transaction holdings:

  • 377 SHW common shares held directly (down from 1,237 before the sale).
  • 1,016.34 shares held indirectly via the company 401(k) plan.
  • Zero derivative securities remain outstanding.
The filing represents routine insider activity; no earnings, guidance or strategic disclosures are included.

Positive

  • None.

Negative

  • Senior officer disposed of 860 shares, cutting direct ownership to 377 shares and signalling limited near-term share accumulation.

Insights

TL;DR—Officer exercised 860 options then sold same amount; stake now 377 direct shares—transaction modest versus SHW’s float.

The Form 4 shows James P. Lang monetising vested 2019 options, pocketing a ~$163.5 per-share spread. He retains 1,393 total shares (direct + 401(k)), signalling continued if limited alignment. Dollar value (~$0.3 m) and share count are immaterial relative to Sherwin-Williams’ >250 m share float, so market impact should be negligible. No new options or open market purchases were disclosed, keeping sentiment neutral.

Insider Lang James P.
Role SVP - Enterprise Finance & CAO
Sold 860 shs ($301K)
Type Security Shares Price Value
Exercise Employee Stock Option (Right to Buy) 860 $0.00 --
Exercise Common Stock 860 $186.85 $161K
Sale Common Stock 860 $350.35 $301K
holding Common Stock -- -- --
Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 1,237 shares (Direct); Common Stock — 1,016.34 shares (Indirect, 401(k) Plan)
Footnotes (1)
  1. 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 6/30/2025 statement. These options were granted on October 16, 2019, and vested in three equal installments on each of the first three anniversaries of the date of grant, subject to vesting conditions.
Form 4 Insider Transactions: What Each Field Means →
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*
Lang James P.
(Last) (First) (Middle)
101 WEST 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP - Enterprise Finance & CAO
3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025
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 08/06/2025 M 860 A $186.85 1,237 D
Common Stock 08/06/2025 S 860 D $350.35 377 D
Common Stock 1,016.34(1) I 401(k) Plan
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
Employee Stock Option (Right to Buy) $186.85 08/06/2025 M 860 (2) 10/15/2029 Common Stock 860 $0 0 D
Explanation of Responses:
1. 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 6/30/2025 statement.
2. These options were granted on October 16, 2019, and vested in three equal installments on each of the first three anniversaries of the date of grant, subject to vesting conditions.
Remarks:
Stephen J. Perisutti, Attorney-in-fact 08/08/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did SHW report on 08/06/2025?

SVP & CAO James P. Lang exercised 860 options at $186.85 and sold the same 860 shares at $350.35.

How many Sherwin-Williams shares does James P. Lang now own?

He holds 377 shares directly and 1,016.34 shares indirectly through the company 401(k) plan.

What was the value of the shares sold by the SHW officer?

At $350.35 each, the 860 shares sold were worth approximately $301,000.

Were any derivative securities left outstanding after the transaction?

No. All 860 options were exercised and none remain outstanding.

Does the Form 4 include information on SHW earnings or guidance?

No. The filing only covers insider share transactions and contains no operational or financial guidance.