Stanley Black & Decker (SWK) director defers 2,603 vested RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OKelly Shane M reported acquisition or exercise transactions in this Form 4 filing.
Stanley Black & Decker director Shane M. O’Kelly received an award of 2,603 shares of common stock through restricted stock units. The units are 100% vested upon grant, but settlement and share delivery are deferred under the 2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors until after his Board service ends.
The restricted stock units will be settled in company shares on the 90th day following the date he ceases to be a Board member, either in a lump sum or in three, five, or ten annual installments. Following this grant, he directly holds 2,603 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
OKelly Shane M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,603 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,603 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant: 2,603 shares
Transaction price per share: $0.00
Shares following transaction: 2,603 shares
+1 more
4 metrics
RSU grant
2,603 shares
Restricted stock units representing common stock granted on May 4, 2026
Transaction price per share
$0.00
Compensation-related grant, not an open-market purchase
Shares following transaction
2,603 shares
Total direct holdings after reported RSU award
Settlement timing
90th day
Shares delivered on 90th day after director ceases Board service
Key Terms
restricted stock units, 2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors, settled on the 90th day, annual installments
4 terms
restricted stock units financial
"Represents number of shares to be delivered upon settlement of restricted stock units."
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."
settled on the 90th day financial
"Such restricted stock units will be settled on the 90th day following the date the director ceases to be a member of the Board"
annual installments financial
"either in one lump sum or in three, five or ten annual installments."
FAQ
What did Stanley Black & Decker (SWK) director Shane O’Kelly report on this Form 4?
He reported receiving 2,603 shares of Stanley Black & Decker common stock through a restricted stock unit grant. The units are fully vested at grant, and settlement is deferred under the company’s 2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors.
Are Shane O’Kelly’s new Stanley Black & Decker (SWK) restricted stock units vested?
Yes. The footnote states the restricted stock units are 100% vested upon grant. Although fully vested, settlement into shares is deferred under the 2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors until after he ceases to be a member of the Board.
When will Shane O’Kelly’s Stanley Black & Decker (SWK) restricted stock units be settled?
The units will be settled on the 90th day after he is no longer a member of the Board. At that time, the award may be paid in a single lump sum or in three, five, or ten annual installments, as allowed under the plan.
Is Shane O’Kelly’s Form 4 transaction in SWK an open-market purchase or sale?
No. The Form 4 reports a grant classified as a "Grant, award, or other acquisition" of 2,603 restricted stock units. The transaction price per share is shown as zero, indicating a compensation-related equity award rather than an open-market stock purchase or sale.