Sherwin-Williams Executive Karl J. Jorgenrud Sells 7,886 Shares for $2.9 Million After Option Exercise
Updated
Updated · Yahoo Finance · Aug 15
Sherwin-Williams Executive Karl J. Jorgenrud Sells 7,886 Shares for $2.9 Million After Option Exercise
2 articles · Updated · Yahoo Finance · Aug 15
Summary
7,886 Sherwin-Williams shares were sold by President of Global Industrial Karl J. Jorgenrud on Aug. 7 in a cashless options exercise worth about $2.9 million, according to an SEC Form 4 filing.
The shares came from options granted in October 2017 at $127.98 and were immediately sold at a weighted average price of $368.30.
13,195 shares remained after the transaction, including 11,943 held directly and 1,252 indirectly through a 401(k) plan; Jorgenrud also still holds 4,260 stock options.
Sherwin-Williams stock closed at $362.71 on Aug. 10, about 1.5% below Jorgenrud's sale price, leaving his remaining stake valued at roughly $4.88 million.