Sherwin-Williams Announces Three-for-One Stock Split
The Sherwin-Williams Company (NYSE: SHW) announced a three-for-one stock split approved by its Board of Directors to enhance stock accessibility for employees and investors. Shareholders on record as of March 23, 2021 will receive two additional shares for each share held, with distribution after market close on March 31, 2021. Post-split trading will commence on April 1, 2021. This decision aims to broaden the investor base and facilitate employee ownership.
- Three-for-one stock split to enhance stock accessibility.
- Expected increase in investor interest and employee ownership.
- None.
CLEVELAND, Feb. 3, 2021 /PRNewswire/ -- The Sherwin-Williams Company (NYSE: SHW) ("Sherwin-Williams") today announced that its Board of Directors has approved and declared a three-for-one stock split in the form of a stock dividend to make the stock more accessible to employees and a broader base of investors.
Each Sherwin-Williams shareholder of record at the close of business on March 23, 2021 will receive two additional common shares for each then-held common share, to be distributed after close of trading on March 31, 2021. Trading of Sherwin-Williams common shares will begin on a stock split-adjusted basis on April 1, 2021.
About The Sherwin-Williams Company
Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers. Sherwin-Williams manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson's® Water Seal®, Cabot® and many more. With global headquarters in Cleveland, Ohio, Sherwin- Williams® branded products are sold exclusively through a chain of more than 4,900 company-operated stores and facilities, while the company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world. Sherwin-Williams shares are traded on the New York Stock Exchange (symbol: SHW). For more information, visit www.sherwin.com.
Investor Relations Contacts:
Jim Jaye
Senior Vice President, Investor Relations & Corporate Communications
Sherwin-Williams
Direct: 216.515.8682
james.r.jaye@sherwin.com
Eric Swanson
Vice President, Investor Relations
Sherwin-Williams
Direct: 216.566.2766
eric.r.swanson@sherwin.com
Media Contact:
Julie Young
Vice President, Global Corporate Communications
Sherwin-Williams
Direct: 216.515.8849
corporatemedia@sherwin.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/sherwin-williams-announces-three-for-one-stock-split-301221155.html
SOURCE The Sherwin-Williams Company
