Binns Justin T 4
4 · SHERWIN WILLIAMS CO · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Sherwin-Williams (SHW) President Justin Binns Receives Award
What Happened
Justin T. Binns, President, Global Architectural of Sherwin‑Williams (SHW), received 9,900 shares when a performance‑based restricted stock unit (PRSU) award vested (transaction code A). To cover tax withholding on the vesting, 4,416 shares were mandatorily withheld and disposed (transaction code F) at $368.59 per share for proceeds of $1,627,693. The PRSU was granted Feb 14, 2023 and vested based on performance for the 2023–2025 period.
Key Details
- Transaction date: 2026-02-17; Form 4 filed 2026-02-18 (next-day filing).
- Award: 9,900 shares acquired at $0.00 (vested PRSU payout).
- Tax withholding: 4,416 shares withheld/disposed at $368.59 each, total ~$1,627,693.
- Footnotes: F1 = PRSU award details and performance period; F2 = shares withheld to satisfy tax withholding; F3 = reference to shares attributable via the company 401(k) trustee statement.
- Shares owned after the transactions: not specified in the provided filing details.
Context
This is a compensation-related vesting event, not an open‑market purchase or a voluntary sale. Mandatory withholding of shares to cover taxes is common on equity award vesting (a form of cashless tax withholding) and does not necessarily indicate a change in the insider’s investment view. Purchases by insiders generally carry more weight for signaling than routine vesting or withholding transactions.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-17+9,900→ 26,353 total - Tax Payment
Common Stock
[F2]2026-02-17$368.59/sh−4,416$1,627,693→ 21,937 total
- 5,922.35(indirect: By 401(k))
Common Stock
[F3]
Footnotes (3)
- [F1]These securities represent a performance-based restricted stock unit ("PRSU") award that has vested and paid out in shares of Common Stock. This award was granted on February 14, 2023, and vested subject to the achievement of certain performance conditions for the 2023 - 2025 performance period, pursuant to the terms of a PRSU agreement under The Sherwin-Williams Company 2006 Equity and Performance Incentive Plan.
- [F2]These securities represent the number of shares of Common Stock mandatorily withheld by the Issuer to satisfy the Reporting Person's tax withholding liabilities due upon the vesting of the PRSU award.
- [F3]Represents the number of shares of Common Stock attributable to the Reporting Person's participation in The Sherwin-Williams Company 401(k) Plan per the trustee's 2/13/2026 statement.