Summary
The Sherwin-Williams Company (SHW) filed an 8-K on February 16, 2012, to report the approval of a Form of Restricted Stock Grant (Performance and Time-Based) by its 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. The filing primarily serves to disclose the structure of this executive compensation component.
Key Highlights
- 1The Sherwin-Williams Company's Compensation Committee approved a new Restricted Stock Grant form on February 14, 2012.
- 2The grants are a mix of performance-based and time-based awards.
- 3These grants are issued under the Sherwin-Williams Company 2006 Equity and Performance Incentive Plan, as amended.
- 4The Incentive Plan itself was previously approved by the company's shareholders.
- 5This 8-K filing primarily details the adoption of a specific form for executive compensation awards.
- 6The approved form of grant is filed as Exhibit 10 to this report.
- 7The filing is dated February 16, 2012, with the earliest event reported on February 14, 2012.