8-KLeadership ChangesExhibits & Filings

SHERWIN WILLIAMS CO 8-K Report, Executive Changes (Feb 16, 2011)

Filed February 16, 2011For Securities:SHW

Summary

This 8-K filing from Sherwin-Williams (SHW) on February 16, 2011, primarily details the approval of a new form of Restricted Stock Grant (Performance and Time-Based) by the Compensation and Management Development Committee. This grant is made under the company's 2006 Equity and Performance Incentive Plan, which was previously approved by shareholders and amended in April 2010. While the filing doesn't disclose specific grant amounts or recipients, it signals a continuation of the company's strategy to incentivize executive and employee performance through equity awards. Investors should note that the details of the actual grants, including the number of shares and performance metrics, are not provided in this specific filing but are governed by the approved form and the underlying Incentive Plan.

Key Highlights

  • 1Sherwin-Williams' Compensation Committee approved a standardized form for Restricted Stock Grants.
  • 2These grants will be performance and time-based, aligning with the company's incentive structures.
  • 3The grants are issued under the Sherwin-Williams Company 2006 Equity and Performance Incentive Plan (Amended and Restated as of April 21, 2010).
  • 4The Incentive Plan was previously approved by Sherwin-Williams' shareholders.
  • 5The Form of Restricted Stock Grant (Performance and Time-Based) is filed as an exhibit (Exhibit 10(a)).
  • 6This filing does not specify individual grant amounts, recipients, or specific performance targets.

Frequently Asked Questions

The main purpose of this 8-K filing is to report the approval of a new standardized form for Restricted Stock Grants (Performance and Time-Based) by Sherwin-Williams' Compensation Committee. This form will be used for future equity incentive awards.

The restricted stock grants are issued under The Sherwin-Williams Company 2006 Equity and Performance Incentive Plan, which was amended and restated as of April 21, 2010, and previously approved by shareholders.

No, this filing does not provide details on specific stock awards made to individual executives or employees. It only reports the approval of the 'Form of Restricted Stock Grant' document that will govern future grants.

This means that the vesting and/or exercise of these restricted stock grants will depend on two factors: the achievement of specific company or individual performance goals (performance-based) and the passage of a certain period of time (time-based), often linked to continued employment.