Stanley Black & Decker (SWK) director gains common and deferred share awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stanley Black & Decker director John L. Garrison Jr. reported new equity awards tied to board compensation and dividend reinvestment. He acquired 58.8217 shares of common stock at $84.57 per share, bringing his direct common stock holdings to 6,052.2604 shares.
He also acquired 25.8041 deferred shares and 443.4196 additional deferred shares, each economically equivalent to one share of common stock upon settlement. The deferred awards arise from the company’s Restricted Stock Unit Deferral Plan and Deferred Compensation Plan for non-employee directors, including reinvested dividend equivalents and deferred cash fees.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
GARRISON JOHN L JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Shares | 443.42 | $84.57 | $37K |
| Grant/Award | Deferred Shares | 25.804 | $84.57 | $2K |
| Grant/Award | Common Stock | 58.822 | $84.57 | $5K |
Holdings After Transaction:
Deferred Shares — 3,072.634 shares (Direct, null);
Common Stock — 6,052.26 shares (Direct, null)
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 December 15 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.
Key Figures
Common stock grant: 58.8217 shares at $84.57
Common shares held: 6,052.2604 shares
Deferred shares from fee deferral: 25.8041 deferred shares
+3 more
6 metrics
Common stock grant
58.8217 shares at $84.57
Grant/award of common stock on 2026-06-23
Common shares held
6,052.2604 shares
Direct common stock ownership after transactions
Deferred shares from fee deferral
25.8041 deferred shares
Deferred Compensation Plan acquisition on 2026-06-23
Additional deferred shares (dividends)
443.4196 deferred shares
Dividend reinvestment under Deferred Compensation Plan
Deferred shares held
3,098.4383 deferred shares
Deferred share balance after one derivative transaction
Reference price
$84.57 per share
Price used for awards and dividend-equivalent calculations
Key Terms
Deferred Shares, Restricted Stock Unit Deferral Plan, Deferred Compensation Plan, dividend equivalents, +1 more
5 terms
Restricted Stock Unit Deferral Plan financial
"Under the Stanley Black & Decker, Inc. 2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors (the "RSU Deferral Plan")"
Deferred Compensation Plan financial
"Represents deferred shares acquired pursuant to the Stanley Black & Decker Deferred Compensation Plan for Non-Employee Directors"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
dividend equivalents financial
"each director's account is credited with dividend equivalents on the deferred restricted stock units when the Company pays cash dividends"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
deferred restricted stock units financial
"dividend equivalents are denominated in additional restricted stock units based on the average of the high and low price per share"
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
FAQ
What did SWK director John L. Garrison Jr. report on this Form 4?
He reported equity awards rather than open-market trades. Garrison received 58.8217 shares of common stock and additional deferred shares under director compensation and deferral plans, increasing his direct common stock holdings to 6,052.2604 shares and expanding his deferred share balance.
How are dividend equivalents handled for Garrison’s deferred restricted stock units at Stanley Black & Decker?
Dividend equivalents on deferred restricted stock units are credited as additional restricted stock units. When the company pays cash dividends, the director’s account receives more units based on the average high and low share price on the dividend payment date under the RSU Deferral Plan.
Do these SWK Form 4 transactions represent open-market purchases or sales by Garrison?
No, the transactions are classified as grants or other acquisitions, not market trades. They arise from director compensation deferral, dividend reinvestment, and dividend equivalents under the company’s non-employee director RSU Deferral Plan and Deferred Compensation Plan, rather than open-market buying or selling.