Davie Colin M. 4

What Happened

• Colin M. Davie, President & GM, Global Supply Chain at The Sherwin-Williams Company (SHW), had a performance-based restricted stock unit (PRSU) award vest and pay out 3,300 shares on 2026-02-17. The award was recorded as an acquisition at $0.00 per share (awarded shares).
• To satisfy tax withholding on the vesting event, 1,346 shares were mandatorily withheld/disposed by the issuer at an implied value of $368.59 per share, totaling $496,122.

Key Details

• Transaction dates: 2026-02-17 (award vested and tax-withholding occurred); Form 4 filed 2026-02-18 (appears timely).
• Award type: PRSU granted 2/14/2023, covering the 2023–2025 performance period (footnote F1).
• Tax withholding: 1,346 shares withheld to cover tax liability upon vesting (footnote F2); listed as a disposition (code F).
• Acquired shares: 3,300 shares issued upon vesting (code A) at $0.00 reported price.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Additional note: footnote F3 references the Reporting Person’s participation in the company 401(k) plan per trustee statement dated 2/13/2026.

Context

• This was not an open-market sale. The disposition of 1,346 shares was a mandatory withholding to satisfy taxes on vested PRSUs (a common, administrative transaction), not a discretionary sale that signals a change in sentiment.
• PRSU vesting is compensation tied to performance metrics; the net impact on Davie’s ownership depends on pre-existing holdings and the net number of shares received after withholding.