Stanley Black & Decker (NYSE: SWK) chair receives stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stanley Black & Decker Executive Chair Donald Allan reported several equity award transactions. He received a grant of 10,075 shares of common stock at no cost, bringing his direct common stock holdings to 147,225.8 shares.
On the same date range, 9,869 restricted stock units were converted into 9,869 common shares, and 3,880 of those shares were withheld by the company to cover tax obligations upon RSU vesting. The RSUs relate to performance-based awards under the company’s 2022 Omnibus Award Plan, including grants vesting in three annual installments starting one year after the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,869 shares exercised/converted
Mixed
4 txns
Insider
Allan Donald
Role
Executive Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,075 | $0.00 | -- |
| Exercise | Restricted Stock Units | 9,869 | $0.00 | -- |
| Exercise | Common Stock | 9,869 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,880 | $90.545 | $351K |
Holdings After Transaction:
Common Stock — 147,225.8 shares (Direct);
Restricted Stock Units — 19,738 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. Shares withheld to satisfy the reporting person's tax withholding obligation upon vesting of RSUs. Shares received upon satisfaction of performance criteria pursuant to the 2023-2025 long-term incentive performance award program under the Company's 2022 Omnibus Award Plan. As previously reported, on February 21, 2025, the reporting person was granted 30,897 RSUs vesting in three approximately equal annual installments beginning on the first anniversary of the grant date.
FAQ
What did SWK Executive Chair Donald Allan report in this Form 4?
Donald Allan reported equity award-related transactions, including a grant of 10,075 common shares, conversion of 9,869 restricted stock units into common stock, and 3,880 shares withheld to cover associated tax obligations on vested RSUs.
What are the restricted stock units mentioned in the SWK Form 4 filing?
Each RSU represents a contingent right to receive one common share. The filing notes RSUs tied to a 2023–2025 long-term performance award program and a prior grant vesting in three approximately equal annual installments beginning one year after grant.