FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
1. Name and Address of Reporting Person*
(Street)
|
2. Date of Event Requiring Statement
(Month/Day/Year) 01/01/2024 |
3. Issuer Name and Ticker or Trading Symbol
SHERWIN WILLIAMS CO [ SHW ] |
|||||||||||||
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
5. If Amendment, Date of Original Filed
(Month/Day/Year) |
||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Beneficially Owned | |||
---|---|---|---|
1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 6,037(1) | D | |
Common Stock | 429.47(2) | I | 401(k) Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
---|---|---|---|---|---|---|---|
1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Phantom Stock Units | (3) | (3) | Common Stock | 645.93 | $0 | D | |
Employee Stock Option (Right to Buy) | (4) | 10/17/2027 | Common Stock | 2,976 | $127.98 | D | |
Employee Stock Option (Right to Buy) | (5) | 10/16/2028 | Common Stock | 2,100 | $136.85 | D | |
Employee Stock Option (Right to Buy) | (6) | 10/15/2029 | Common Stock | 6,000 | $186.85 | D | |
Employee Stock Option (Right to Buy) | (7) | 10/19/2030 | Common Stock | 4,500 | $227.05 | D | |
Employee Stock Option (Right to Buy) | (8) | 10/17/2031 | Common Stock | 4,000 | $295.83 | D | |
Employee Stock Option (Right to Buy) | (9) | 04/18/2032 | Common Stock | 770 | $250.25 | D | |
Employee Stock Option (Right to Buy) | (10) | 10/17/2032 | Common Stock | 3,600 | $215.08 | D | |
Employee Stock Option (Right to Buy) | (11) | 10/12/2033 | Common Stock | 4,400 | $248.57 | D |
Explanation of Responses: |
1. These securities consist of 672 restricted stock units ("RSUs") and 5,365 shares of common stock. Each RSU represents the Reporting Person's right to receive one share of common stock. |
2. 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 1/1/2024 statement. |
3. Represents the number of phantom stock units that were acquired by the Reporting Person (in exempt transactions) under The Sherwin-Williams Company 2005 Deferred Compensation Savings and Pension Equalization Plan. Each phantom stock unit is the economic equivalent of one share of common stock. The phantom stock units become payable in cash generally upon the Reporting Person's retirement or other termination of service. The phantom stock units have dividend equivalent rights. |
4. These options were granted on October 18, 2017 and vest in three substantially equal installments on each of the first three anniversaries of the date of grant, subject to vesting conditions. |
5. These options were granted on October 17, 2018 and vest in three substantially equal installments on each of the first three anniversaries of the date of grant, subject to vesting conditions. |
6. These options were granted on October 16, 2019 and vest in three substantially equal installments on each of the first three anniversaries of the date of grant, subject to vesting conditions. |
7. These options were granted on October 20, 2020 and vest in three equal installments on each of the first three anniversaries of the date of grant, subject to vesting conditions. |
8. These options were granted on October 18, 2021 and vest in three substantially equal installments on each of the first three anniversaries of the date of grant, subject to vesting conditions. |
9. These options were granted on April 19, 2022 and vest in three substantially equal installments on each of the first three anniversaries of the date of grant, subject to vesting conditions. |
10. These options were granted on October 18, 2022 and vest in three equal installments on each of the first three anniversaries of the date of grant, subject to vesting conditions. |
11. These options were granted on October 13, 2023 and vest in three substantially equal installments on each of the first three anniversaries of the date of grant, subject to vesting conditions. |
Remarks: |
Exhibit 24, Power of Attorney, is attached. |
Stephen J. Perisutti, Attorney-in-fact | 01/04/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |