SHERWIN WILLIAMS CO — Director's Dealing 2025

Jan 8, 2025

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: SHERWIN WILLIAMS CO (SHW)
CIK: 0000089800
Period of Report: 2025-01-01

Reporting Person: Lang James P. (SVP - Enterprise Finance & CAO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	175	Direct
Common Stock	895.82	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Units	$0		Common Stock (186.9)		Direct
Employee Stock Option (Right to Buy)	$186.85	2029-10-15	Common Stock (1110)		Direct
Employee Stock Option (Right to Buy)	$193.35	2030-02-17	Common Stock (689)		Direct
Employee Stock Option (Right to Buy)	$295.83	2031-10-17	Common Stock (620)		Direct
Employee Stock Option (Right to Buy)	$272.65	2032-02-14	Common Stock (695)		Direct
Employee Stock Option (Right to Buy)	$215.08	2032-10-17	Common Stock (785)		Direct
Employee Stock Option (Right to Buy)	$231.98	2033-02-13	Common Stock (690)		Direct
Employee Stock Option (Right to Buy)	$248.57	2033-10-12	Common Stock (700)		Direct
Employee Stock Option (Right to Buy)	$388.57	2034-10-14	Common Stock (545)		Direct

Footnotes

F1: Represents the number of shares of common stock attributable to the Reporting Person's participation in The Sherwin-Williams Company 401(k) Plan per the trustee's 1/1/2025 statement.

F2: These phantom stock units were acquired by the Reporting Person (in exempt transactions) under the Company's 2005 Deferred Compensation Savings and Pension Equalization Plan.

F3: Represents the number of phantom stock units attributable to the Reporting Person's participation in the 2005 Deferred Compensation Savings and Pension Equalization Plan, per the administrator's 1/1/2025 statement. Each phantom stock unit is the economic equivalent of one share of common stock. The phantom stock units become payable in cash generally upon the Reporting Person's retirement or other termination of service. The phantom stock units have dividend equivalent rights.

F4: These options were granted on October 16, 2019, pursuant to the terms of a stock option agreement under the 2006 Equity and Performance Incentive Plan (Amended and Restated as of April 19, 2017). The options vested annually in three substantially equal installments commencing October 16, 2020.

F5: These options were granted on February 18, 2020, pursuant to the terms of a stock option agreement under the 2006 Equity and Performance Incentive Plan (Amended and Restated as of April 19, 2017). The options vested annually in three substantially equal installments commencing February 18, 2021.

F6: These options were granted on October 18, 2021, pursuant to the terms of a stock option agreement under the 2006 Equity and Performance Incentive Plan (Amended and Restated as of April 19, 2017). The options vested annually in three substantially equal installments commencing October 18, 2022.

F7: These options were granted on February 15, 2022, pursuant to the terms of a stock option agreement under the 2006 Equity and Performance Incentive Plan (Amended and Restated as of April 19, 2017). The options vest annually in three substantially equal installments commencing February 15, 2023, subject to vesting conditions.

F8: These options were granted on October 18, 2022, pursuant to the terms of a stock option agreement under the 2006 Equity and Performance Incentive Plan (Amended and Restated as of April 19, 2017). The options vest annually in three substantially equal installments commencing October 18, 2023, subject to vesting conditions.

F9: These options were granted on February 14, 2023, pursuant to the terms of a stock option agreement under the 2006 Equity and Performance Incentive Plan (Amended and Restated as of April 19, 2017). The options vest annually in three substantially equal installments commencing February 14, 2024, subject to vesting conditions.

F10: These options were granted on October 13, 2023, pursuant to the terms of a stock option agreement under the 2006 Equity and Performance Incentive Plan (Amended and Restated as of October 13, 2023). The options vest annually in three substantially equal installments commencing October 13, 2024, subject to vesting conditions.

F11: These options were granted on October 15, 2024, pursuant to the terms of a stock option agreement under the 2006 Equity and Performance Incentive Plan (Amended and Restated as of October 13, 2023). The options vest annually in three substantially equal installments commencing October 15, 2025, subject to vesting conditions.