GARRISON JOHN L JR 4
4 · STANLEY BLACK & DECKER, INC. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Stanley Black & Decker (SWK) Director John L. Garrison Jr Receives RSUs
What Happened
Director John L. Garrison Jr. was credited with equity awards and deferred shares on March 24, 2026. The filing shows three acquisitions (code A) at a reporting price of $70.77 per share: 39.305 shares ($2,782), 529.923 shares (derivative, $37,503) and 24.337 shares (derivative, $1,722), totaling 593.565 shares and roughly $42,007. These were awards/deferred-share credits (not open-market purchases or sales).
Key Details
- Transaction date and reported price: March 24, 2026; $70.77 per share (used for valuation).
- Shares credited: 39.305; 529.923 (derivative); 24.337 (derivative) — total 593.565 shares, ~$42,007.
- Nature of transactions: Awards/deferred-share credits (Form 4 code A). Two items are listed as derivative instruments (see footnotes).
- Footnotes summary:
- F1: Dividend equivalents under the RSU Deferral Plan credited as additional RSUs and denominated using the NYSE average price on the dividend payment date.
- F2: Deferred shares represent deferral of quarterly director fees under the Deferred Compensation Plan; each deferred share converts to one common share upon settlement.
- F3: Additional deferred shares from reinvested dividends on deferred shares. Deferred shares settle per the director’s deferral election (typically in a lump sum of stock on December 15 after leaving the board).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Timeliness: Reported on March 26, 2026 for a March 24, 2026 transaction — filed within the normal two-business-day Form 4 reporting window (timely).
Context: These entries reflect compensation/deferral mechanics (RSU credits and dividend reinvestment) rather than open-market investing by the director. Deferred shares and dividend-equivalent RSUs are typically settled according to the director’s deferral election (often in stock upon departure from the board), so they do not necessarily indicate an immediate purchase or sale.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-24$70.77/sh+39.305$2,782→ 3,390.439 total - Award
Deferred Shares
[F2]2026-03-24$70.77/sh+529.923$37,503→ 2,604.878 total→ Common Stock (529.923 underlying) - Award
Deferred Shares
[F3]2026-03-24$70.77/sh+24.337$1,722→ 2,629.215 total→ Common Stock (24.337 underlying)
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 December 15 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.