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.