Davie Colin M. 4
4 · SHERWIN WILLIAMS CO · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
SHW President Colin Davie Exercises Options, Sells Shares
What Happened
Colin M. Davie, President & GM, Global Supply Chain at Sherwin‑Williams (SHW), exercised options to acquire 2,976 shares at an exercise price of $127.98 (cost $380,868) on 2026-02-02 and sold those 2,976 shares in the open market the same day for total proceeds of $1,069,872 (weighted average sale price $359.50). Net proceeds before taxes and fees are roughly $689,000 (sale proceeds minus exercise cost). This is an option exercise followed by an immediate sale (cashless-like disposition), i.e., a sale rather than a purchase signal.
Key Details
- Transaction date: 2026-02-02; Form 4 filed: 2026-02-04 (timely — within the usual 2-business-day window).
- Exercise: 2,976 shares at $127.98 = $380,868 (report code M).
- Sale: 2,976 shares at weighted avg $359.50 = $1,069,872 (report code S). Sale prices ranged $359.48–$359.74 per footnote.
- Additional derivative line shows 2,976 shares disposed at $0.00 — reflects the conversion/exercise reporting structure for the options.
- Shares owned after the transaction: not specified in the provided excerpt.
- Footnotes: F3 notes the options were granted Oct 18, 2017 and vested in three substantially equal installments; F1 explains the weighted-average sale price and gives the price range; F2 references 401(k) plan holdings per trustee statement (number not shown here).
- No 10b5‑1 plan, tax‑withholding, or late-filing flag noted in the provided data.
Context
This filing documents an option exercise with an immediate sale of the resulting shares — a common way for insiders to realize gains from vested options. Such sales are often routine and do not, by themselves, indicate management’s view of the company’s prospects.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-02$127.98/sh+2,976$380,868→ 8,341 total - Sale
Common Stock
[F1]2026-02-02$359.50/sh−2,976$1,069,872→ 5,365 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F3]2026-02-02−2,976→ 0 totalExercise: $127.98Exp: 2027-10-17→ Common Stock (2,976 underlying)
- 559.64(indirect: By 401(k))
Common Stock
[F2]
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $359.48 to $359.74 per share. The Reporting Person undertakes to provide to The Sherwin-Williams Company, any security holder of The Sherwin-Williams Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]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 12/31/2025 statement.
- [F3]These options were granted on October 18, 2017 and vested in three substantially equal installments on each of the first three anniversaries of the date of grant, subject to vesting conditions.