Jorgenrud Karl J 4
4 · SHERWIN WILLIAMS CO · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Sherwin-Williams (SHW) President Karl Jorgenrud Receives Award
What Happened
Karl Jorgenrud, President, Global Industrial at Sherwin-Williams (SHW), received 9,600 shares when a performance-based restricted stock unit (PRSU) award vested on Feb 17, 2026 (reported 02/18/2026). To satisfy tax withholding obligations, 4,379 of the vested shares were withheld/disposed at an implicit value of $368.59 per share, producing proceeds of $1,614,056. The award was originally 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) — filing appears timely.
- Award (code A): 9,600 shares acquired @ $0.00 (PRSU payout).
- Tax withholding (code F): 4,379 shares disposed @ $368.59 = $1,614,056 withheld to cover taxes.
- Footnote F1: PRSU granted 2/14/2023, vested subject to 2023–2025 performance conditions under the company’s equity plan.
- Footnote F2: Shares withheld by issuer to satisfy tax withholding on the vesting.
- Footnote F3: References Reporting Person’s participation in the company 401(k) per trustee statement (2/13/2026).
- Shares owned after the transactions: not specified in the filing.
Context
This was a performance-based award vesting payout, not an open-market purchase or a discretionary sale. The withholding of shares to cover taxes is a routine administrative disposition and does not necessarily indicate a change in insider sentiment. For retail investors, purchases are typically more informative about insider confidence than routine award vesting and tax withholdings.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-17+9,600→ 24,118.84 total - Tax Payment
Common Stock
[F2]2026-02-17$368.59/sh−4,379$1,614,056→ 19,739.84 total
- 1,180.08(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.