Director at Stanley Black & Decker (NYSE: SWK) awarded 2,603 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hankin Michael David reported acquisition or exercise transactions in this Form 4 filing.
Stanley Black & Decker director Michael David Hankin received an equity award of 2,603 shares of common stock. The award is in the form of fully vested restricted stock units that will be settled in shares after he leaves the Board, according to his deferral election.
Following this grant, Hankin directly holds 17,034.7812 shares. No purchase price was paid, indicating this is compensation rather than an open-market transaction, and no shares were sold in connection with this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hankin Michael David
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,603 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 17,034.781 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant: 2,603 shares
Grant price: $0.00 per share
Post-grant holdings: 17,034.7812 shares
+2 more
5 metrics
RSU grant
2,603 shares
Fully vested restricted stock units awarded to director
Grant price
$0.00 per share
Equity compensation, no cash purchase
Post-grant holdings
17,034.7812 shares
Direct holdings after the award
Settlement timing
90 days after Board service ends
Deferral plan settlement schedule
Installment options
1, 3, 5 or 10 years
Lump sum or multi-year settlement choices
Key Terms
restricted stock, restricted stock units, 2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors, deferral, +1 more
5 terms
restricted stock financial
"Represents number of shares to be delivered upon settlement of restricted stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
restricted stock units financial
"such restricted stock units will be settled on the 90th day following the date the director ceases"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors financial
"under the Stanley Black & Decker, Inc. 2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors."
deferral financial
"The reporting person has elected to defer settlement of such restricted stock units"
lump sum financial
"will be settled on the 90th day ... either in one lump sum or in three, five or ten annual installments."
A lump sum is a single, one-time payment of the full amount owed instead of spreading the same money over multiple smaller payments. For investors, receiving or paying a lump sum affects cash flow, reinvestment opportunities and tax timing—like getting a full paycheck at once rather than regular paychecks—so it changes liquidity, risk exposure and the timing of returns.
FAQ
What did SWK director Michael David Hankin report in this Form 4?
Michael David Hankin reported receiving 2,603 shares of Stanley Black & Decker common stock as a fully vested restricted stock unit award, with no purchase price, increasing his direct holdings to 17,034.7812 shares as compensation rather than an open-market transaction.
Was the SWK insider transaction a stock purchase or a compensation award?
The transaction was a compensation award, not a market purchase. Hankin received 2,603 fully vested restricted stock units at a per-share price of $0.00, reflecting a grant or award of equity rather than buying shares on the open market.
When will the SWK restricted stock units granted to Hankin be settled?
The restricted stock units will be settled after Hankin leaves the Board. Under his deferral election, settlement occurs on the 90th day following his departure, either as a single lump sum or spread over three, five, or ten annual installments.
Are the 2,603 SWK restricted stock units immediately vested for Hankin?
Yes, the 2,603 restricted stock units are 100% vested upon grant. Although vesting is immediate, Hankin has elected to defer settlement into actual shares until after he ceases serving as a director under the company’s deferral plan.