Stanley Black & Decker insider filing: director credited deferred shares and dividend equivalents
Rhea-AI Filing Summary
Susan K. Carter, a director of Stanley Black & Decker (SWK), reported acquisitions of company shares on 09/16/2025. The Form 4 shows a non-derivative acquisition of 58.5393 common shares at $78.39 per share, increasing her directly held common stock to 5,628.9792 shares. The filing also reports acquisition of 462.4609 and 29.8008 deferred shares (totaling 492.2617) under the companys director deferral plans; those deferred shares convert one-for-one into common stock on settlement. The filing includes explanations that some shares reflect dividend equivalents credited under the RSU Deferral Plan and reinvested dividends under the Deferred Compensation Plan.
Positive
- Director Susan K. Carter increased her beneficial ownership through plan credits, acquiring 58.5393 common shares at $78.39 per share on 09/16/2025
- Deferred compensation and RSU dividend equivalents credited (462.4609 and 29.8008 deferred shares) convert one-for-one into common stock on settlement, aligning director pay with equity
Negative
- None.
Insights
TL;DR: Director received routine director compensation converted into equity; transaction appears procedural and not an unusual insider trade.
The reported transactions are acquisitions tied to non-employee director compensation programs: dividend equivalents credited under the RSU Deferral Plan and deferred cash fees converted into deferred shares under the Deferred Compensation Plan. These are standard governance mechanisms to align director compensation with shareholder value. The amounts reported are modest relative to total holdings and reflect plan mechanics rather than open-market purchases or sales.
TL;DR: Transactions increase directors equity stake via plan credits; no cash sale or external financing activity reported.
The Form 4 documents acquisitions at $78.39 per share on 09/16/2025 and the crediting of deferred shares and dividend equivalents. The filing shows 5,628.9792 common shares owned after the non-derivative acquisition and 3,308.6211 shares reflected in the derivative/deferral section after these credits. These entries are administrative plan settlements and provide transparency on director holdings without indicating material change in control or market-impacting trades.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Shares | 462.461 | $78.39 | $36K |
| Grant/Award | Deferred Shares | 29.801 | $78.39 | $2K |
| Grant/Award | Common Stock | 58.539 | $78.39 | $5K |
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 the first business day of the calendar year 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.
