Hallinan Patrick D 4
4 · STANLEY BLACK & DECKER, INC. · Filed Apr 14, 2026
Research Summary
AI-generated summary of this filing
Stanley Black & Decker (SWK) CFO Patrick Hallinan Exercises RSUs; Shares Withheld
What Happened
Patrick D. Hallinan, EVP, CFO & Chief Administrative Officer of Stanley Black & Decker (SWK), had restricted stock units (RSUs) vest on April 12, 2026. Two vesting tranches converted to 3,852 and 11,186 shares (total 15,038 shares). To satisfy tax withholding obligations, 6,663 shares were withheld/disposed at $73.20 per share, resulting in $487,765 in proceeds. The Form 4 was filed on April 14, 2026.
Key Details
- Transaction date: April 12, 2026; Form 4 filed April 14, 2026 (appears timely).
- Acquisitions: 3,852 and 11,186 shares via conversion of RSUs (reported with code M).
- Withholding/tax payment: 6,663 shares withheld at $73.20/share for $487,765 (reported with code F).
- Footnotes: F1–F4 note that these were RSUs (one RSU = one share) and reference original grants on April 12, 2023 (11,556 RSUs and 33,559 RSUs) that vest in three roughly equal annual installments. The reported vesting matches one-third of those prior grants.
- Shares owned after transaction: not disclosed in the provided excerpt.
- Transaction codes: M = conversion/exercise of derivative (RSU → shares); F = shares withheld to satisfy tax liability.
Context
This was a routine RSU vesting event with net share settlement (shares withheld for taxes), not an open-market sale. Such withholding to cover tax obligations is common and does not necessarily signal the insider’s view on the company’s stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-12+3,852→ 30,910 total - Exercise/Conversion
Common Stock
[F1]2026-04-12+11,186→ 42,096 total - Tax Payment
Common Stock
[F2]2026-04-12$73.20/sh−6,663$487,765→ 35,433 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-04-12−3,852→ 0 total→ Common Stock (3,852 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-04-12−11,186→ 0 total→ Common Stock (11,186 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]Shares withheld to satisfy the reporting person's tax withholding obligation upon vesting of RSUs.
- [F3]As previously reported, on April 12, 2023, the reporting person was granted 11,556 RSUs, vesting in three approximately equal annual installments beginning on the first anniversary of the grant date.
- [F4]As previously reported, on April 12, 2023, the reporting person was granted 33,559 RSUs, vesting in three approximately equal annual installments beginning on the first anniversary of the grant date.