Director defers board fees into shares at Stanley Black & Decker (SWK)
Rhea-AI Filing Summary
Stanley Black & Decker director Shane M. O’Kelly acquired 349.3997 deferred shares as part of his quarterly board fees, effectively converting cash compensation at a reference value of $70.77 per share into equity-linked units.
The deferred shares are credited under the company’s Deferred Compensation Plan for Non-Employee Directors. Each deferred share represents one share of common stock, to be settled in approximately three equal annual installments of common stock beginning on the January 15 immediately after he leaves the Board. Following this grant, his reported deferred share balance from this filing is 349.3997 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
OKelly Shane M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Shares | 349.3997 | $70.77 | $25K |
Holdings After Transaction:
Deferred Shares — 349.3997 shares (Direct)
Footnotes (1)
- F1. 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 three approximately equal annual installments of common stock beginning on the January 15 immediately following the date on which the reporting person ceases to be a member of the Board of Directors.
FAQ
What did Stanley Black & Decker (SWK) disclose about director Shane M. O’Kelly?
Stanley Black & Decker disclosed that director Shane M. O’Kelly received 349.3997 deferred shares as part of his quarterly director fees. These equity-linked units represent deferred compensation under the company’s non-employee director deferred compensation plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.