Sherwin-Williams President Exercises Stock Options Worth $3.48 Million

Justin Binns, President at Sherwin-Williams (NYSE:SHW), has exercised company stock options worth $3.48 million. According to a Form 4 filing with the U.S. Securities and Exchange Commission, Binns exercised options for 13,500 shares of SHW on August 19.

The transaction value amounts to $3,475,709, based on the current share price of $347.5, which is down 2.25% during Thursday's morning trading session. This move comes as Sherwin-Williams' shares continue to trade below industry norms in terms of valuation metrics.