STANLEY BLACK & DECKER (SWK) director granted stock and deferred share units
Rhea-AI Filing Summary
STANLEY BLACK & DECKER, INC. director Michael David Hankin reported stock-based compensation awards rather than open-market trades. He received 146.0158 shares of common stock at a reference price of $84.57 per share, increasing his direct common share holdings to 17,180.797 shares.
He also acquired additional deferred shares under the company’s non-employee director plans: 135.5426 deferred restricted stock units credited as dividend equivalents under the 2020 RSU Deferral Plan, and 369.5163 deferred shares through fee deferrals and dividend reinvestment under the Deferred Compensation Plan. These deferred shares will settle in common stock in accordance with his deferral elections and when he leaves the board.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Shares | 369.5163 | $84.57 | $31K |
| Grant/Award | Deferred Shares | 135.5426 | $84.57 | $11K |
| Grant/Award | Common Stock | 146.0158 | $84.57 | $12K |
Footnotes (3)
- 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.
- F2. 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.
- F3. 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.
Key Figures
Key Terms
2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors financial
Deferred Compensation Plan for Non-Employee Directors financial
dividend equivalents financial
restricted stock units financial
FAQ
What did SWK director Michael David Hankin report in this Form 4?
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