Stanley Black & Decker (NYSE: SWK) director credited with dividend RSU shares
Rhea-AI Filing Summary
STANLEY BLACK & DECKER, INC. director Mary A. Laschinger reported an automatic acquisition of common stock tied to her board compensation. She received 25.5467 shares of Common Stock at a reference price of $84.57 per share, credited as dividend-equivalent restricted stock units under the company’s 2020 RSU Deferral Plan for non-employee directors. Following this grant, she directly holds 2,628.5467 shares of Stanley Black & Decker common stock. This is a compensation-related award, not an open-market purchase.
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Insights
Routine director equity grant via dividend-equivalent RSUs; no buy/sell signal.
Director Mary A. Laschinger received 25.5467 shares of Stanley Black & Decker common stock at a reference price of $84.57 per share. The footnote explains this reflects dividend equivalents credited under the 2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors.
These awards accumulate when the company pays cash dividends and are settled according to the director’s deferral election. They represent standard board compensation rather than a discretionary open-market purchase or sale, so they carry limited information about the director’s view of the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25.5467 | $84.57 | $2K |
Footnotes (1)
- F1. 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.
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