Stanley Black & Decker (NYSE: SWK) director adds deferred and common shares via plans
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stanley Black & Decker director Jane Palmieri reported routine share accruals tied to board compensation plans. On March 24, she acquired 24.6528 deferred shares linked to dividend equivalents on restricted stock units, bringing her deferred share balance to 2,126.5332. She also received 122.3091 common shares through dividend reinvestment on previously deferred director compensation, increasing her directly held common stock to 10,550.2742 shares. These deferred and dividend-reinvested shares will be settled in common stock in accordance with her deferral elections, generally after she leaves the Board of Directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Palmieri Jane
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Shares | 24.653 | $70.77 | $2K |
| Grant/Award | Common Stock | 122.309 | $70.77 | $9K |
Holdings After Transaction:
Deferred Shares — 2,126.533 shares (Direct);
Common Stock — 10,550.274 shares (Direct)
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 additional deferred shares acquired through the reinvestment of dividends paid on deferred shares credited to the reporting person's account under the Stanley Black & Decker, Inc. Deferred Compensation Plan for Non-Employee Directors (the "Deferred Compensation Plan"). 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 March 1 immediately following the date on which the reporting person ceases to be a member of the Board of Directors.
FAQ
What insider transactions did SWK director Jane Palmieri report on this Form 4?
Jane Palmieri reported two acquisition transactions on March 24. She received 24.6528 deferred shares from dividend equivalents on restricted stock units and 122.3091 common shares from dividend reinvestment under director compensation plans, increasing both her deferred and directly held share balances.
Were Jane Palmieri’s SWK Form 4 transactions open-market stock purchases?
No, the Form 4 shows compensation-related awards, not open-market purchases. The shares arose from dividend equivalents and dividend reinvestment under Stanley Black & Decker director compensation and deferral plans, rather than discretionary buying or selling in the market.