Hankin Michael David 4
Research Summary
AI-generated summary
Stanley Black & Decker Director Michael Hankin Receives 2,603-Share Award
What Happened
- Michael David Hankin, a director of Stanley Black & Decker, was granted 2,603 restricted stock units (RSUs) on 2026-05-04 (transaction code A). The RSUs were reported with an acquisition price of $0.00. Per the filing, the award is 100% vested upon grant, but Mr. Hankin has elected to defer settlement under the company’s 2020 Restricted Stock Unit Deferral Plan for Non-Employee Directors.
Key Details
- Transaction date: 2026-05-04; filing date (Form 4): 2026-05-06 (timely filed).
- Award: 2,603 RSUs; reported price: $0.00 (no cash paid).
- Shares owned after transaction: not specified in the filing.
- Footnote: RSUs represent the number of shares to be delivered upon settlement. Settlement is deferred and will occur on the 90th day after the director ceases board service, either as a lump sum or in 3, 5, or 10 annual installments.
- Transaction type: Award (A); not a purchase or sale.
Context
- These RSUs are director compensation and were fully vested at grant, but because Mr. Hankin elected to defer settlement, no shares were delivered immediately. Such awards are routine for non-employee directors and do not by themselves indicate buying or selling intent in the open market.