SWK Director Mitchell Boosts Stake: Deferred Compensation Plan Reveals Confidence
Rhea-AI Filing Summary
Stanley Black & Decker director Adrian V. Mitchell reported multiple transactions on June 17, 2025, involving both direct stock acquisitions and deferred share arrangements:
- Acquired 116.3977 shares of common stock at $64.85 per share, bringing direct ownership to 9,321.7513 shares
- Received 481.8812 deferred shares through the Director Deferred Compensation Plan from quarterly director fees
- Acquired 57.9942 additional deferred shares through dividend reinvestment
The deferred shares will be settled in common stock upon Mitchell's departure from the Board. These transactions were made under the company's 2020 RSU Deferral Plan and Deferred Compensation Plan for Non-Employee Directors, which include provisions for dividend equivalents and reinvestment. The filing indicates standard director compensation arrangements rather than open market transactions.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Shares | 481.881 | $64.85 | $31K |
| Grant/Award | Deferred Shares | 57.994 | $64.85 | $4K |
| Grant/Award | Common Stock | 116.398 | $64.85 | $8K |
Footnotes (1)
- Under the Stanley Black & Decker, Inc. 2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors (the "RSU Deferral Plan"), each director's account is credited with dividend equivalents on the deferred restricted stock units when the Company pays cash dividends on its common stock (including special dividends, if any), and such dividend equivalents are denominated in additional restricted stock units based on the average of the high and low price per share on the New York Stock Exchange on the payment date applicable to such dividend. The number of shares reflects the credit of such dividend equivalents to the reporting person's account under the RSU Deferral Plan, which will be settled in accordance with the deferral election made by the reporting person applicable to the underlying deferred restricted stock units. Represents deferred shares acquired pursuant to the Stanley Black & Decker Deferred Compensation Plan for Non-Employee Directors (the "Deferred Compensation Plan") as a result of the deferral of quarterly director fees paid in cash to the reporting person. Each deferred share entitles the holder thereof to receive one share of common stock upon settlement. The deferred shares credited to the reporting person's account under the Deferred Compensation Plan, including any additional deferred shares acquired through dividend reinvestment, will be settled in one lump sum payment of common stock on the first business day of the calendar year immediately following the date on which the reporting person ceases to be a member of the Board of Directors. Represents additional deferred shares acquired through the reinvestment of dividends paid on deferred shares credited to the reporting person's account under the Deferred Compensation Plan. Each deferred share entitles the holder thereof to receive one share of common stock upon settlement. Such deferred shares will be settled in accordance with the deferral election made by the reporting person applicable to the underlying deferred shares.
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