THAMAN MICHAEL H 4

What Happened
Michael H. Thaman, a director of Sherwin-Williams Co. (SHW), was credited with 96.32 deferred stock units on 2026-07-06 as an award under the company's 2005 Director Deferred Fee Plan. The units were valued using a $350.40 weighted-average share price, giving a notional value of $33,751. This was an award/grant (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-06; Form 4 filed 2026-07-08 (timely, within required window).
• Transaction type/code: A (Award/grant of deferred stock units).
• Units credited: 96.32 deferred stock units; price used to compute units: $350.40; notional value: $33,751.
• Holdings reported in the filing: the reporting person’s securities include deferred stock units (this award and dividend reinvestment units) and, separately, 1,100 RSUs plus 7,011 common shares referenced in the filing footnotes. The filing indicates the deferred stock units become payable in shares generally upon separation from service.
• Footnotes: (F1–F3) award is an exempt transaction under the 2005 Director Deferred Fee Plan; deferred stock units are economic equivalents of common shares and are payable solely in stock after separation; dividend reinvestment may apply. (F4–F5) additional ownership details (RSUs and shares) are disclosed in the filing.

Context
Deferred stock units are a form of director compensation and are not an immediate cash or open-market transaction. They represent the right to receive shares in the future (generally upon leaving the board), so this award does not indicate an immediate purchase or sale of stock. Such grants are routine for non-employee directors and should be viewed as compensation rather than an active trading signal.