Stanley Black & Decker (SWK) Director Receives 573.8 Deferred Shares; Form 4 Filed
Rhea-AI Filing Summary
Michael D. Hankin, a director of Stanley Black & Decker (SWK), reported acquisitions on 09/16/2025. The Form 4 shows a non-derivative purchase of 125.7004 shares of common stock at $78.39 per share, increasing his direct holdings to 14,153.821 shares. The filing also reports acquisitions of 446.514 and 127.2868 deferred shares under the company’s director deferred compensation and RSU deferral plans; these deferred shares correspond to the same $78.39 per-share value and will convert to common stock on settlement in accordance with the applicable deferral elections. The transactions reflect dividend-equivalent credits and fee deferrals rather than open-market purchases by the reporting person.
Positive
- Director ownership increased via acquisition of 125.7004 common shares, raising direct beneficial holdings to 14,153.821 shares
- Deferred compensation and RSU dividend credits added 446.514 and 127.2868 deferred shares that convert to common stock on settlement, increasing long-term alignment
Negative
- None.
Insights
TL;DR: Director received deferred shares and dividend-equivalent RSUs, modestly increasing beneficial ownership.
The Form 4 documents director Michael Hankin acquiring 125.7004 shares of common stock and receiving 573.8008 deferred shares (446.514 plus 127.2868) through the company’s RSU Deferral Plan and Deferred Compensation Plan on 09/16/2025 at a recorded per-share value of $78.39. These are plan-driven credits: dividend equivalents on deferred RSUs and fee deferrals, which will be settled into shares per the reporting person’s deferral elections. From a governance perspective, these transactions indicate routine director compensation mechanics rather than opportunistic insider buying or selling.
TL;DR: Transactions are routine plan credits; limited direct market impact but increase director shareholding modestly.
The filing shows an acquisition date of 09/16/2025 with a per-share price of $78.39 used for reporting purposes. Resulting beneficial holdings are reported as 14,153.821 shares (direct) and deferred-share totals reported for settlement timing. These actions are non-marketable compensatory events under director plans and are unlikely to materially affect liquidity or valuations, though they modestly raise insider alignment with shareholders.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Shares | 446.514 | $78.39 | $35K |
| Grant/Award | Deferred Shares | 127.287 | $78.39 | $10K |
| Grant/Award | Common Stock | 125.7 | $78.39 | $10K |
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.
