THAMAN MICHAEL H 4

What Happened
Michael H. Thaman, a director of Sherwin-Williams (SHW), was credited with 106.97 deferred stock units (DSUs) on April 6, 2026 as a director fee award. The DSUs were valued using a weighted average share price of $315.50, giving an aggregate value of approximately $33,749. This was an award (compensation), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-06; filing date: 2026-04-08 (filed on time).
• Award: 106.97 deferred stock units at a weighted average price of $315.50; total value ≈ $33,749.
• Reported holdings (per footnote): 1,100 restricted stock units (RSUs) and 7,011 shares of common stock (total 8,111 securities as noted in filing footnote).
• Footnotes of note:
  • F1: DSUs credited under the 2005 Director Deferred Fee Plan; each DSU equals the economic equivalent of one share and is payable solely in stock, generally after separation from service.
  • F2: $315.50 is the weighted average share price used to calculate the DSUs credited.
  • F3: DSUs include amounts from the plan’s dividend reinvestment feature.
  • F4/F5 clarify prior reports and composition of reported securities.

Context
Deferred stock units are a form of compensation that convert to shares (or the economic equivalent) later, typically when the director leaves service. Because this is a compensation award (not a purchase or sale), it reflects routine director pay rather than an immediate bullish or bearish market trade.