Sherwin-Williams (SHW) President Jorgenrud Exercises Options, Sells Shares

What Happened

• Karl J. Jorgenrud, President, Global Industrial at Sherwin-Williams (SHW), reported transactions on Aug 7, 2026. He sold 7,886 common shares in an open-market transaction at $368.30 each, generating proceeds of $2,904,414.
• On the same day he reported the exercise/conversion of 90 derivative shares at an exercise price of $127.98 (cost $11,518). The filing also shows a reported disposition of 90 derivative shares at $0.

Key Details

• Transaction date: 2026-08-07; Form filed: 2026-08-11 (filed within the typical 2 business-day window).
• Open-market sale: 7,886 shares at $368.30 — proceeds $2,904,414. (Code S = Sale)
• Option exercise/conversion: 90 shares at $127.98 — cost $11,518. (Code M = Exercise/Conversion)
• Derivative disposal: 90 shares at $0 reported (listed as a derivative disposition in the filing).
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes: F1 references 401(k) plan share attribution per trustee statement (6/30/2026). F2 notes the exercised options were granted Oct 18, 2017 and vested in three substantially equal installments beginning Oct 18, 2018.

Context

• M-code items are exercises/conversions of derivative securities (options/RSUs). This filing shows both an option exercise and a same-day open-market sale; the quantity sold (7,886) is far larger than the 90 shares exercised, so the sale was largely from previously held shares.
• Sales are routine insider activity and do not on their own indicate the insider’s view of the company’s prospects; purchases are typically considered more informative.