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    Donald Allan, Jr.

    President and Chief Executive Officer at Stanley Black & Decker Inc
    Board
    Since July 2022
    Age
    60 years
    Tenure
    Joined the company and progressed from Assistant Controller (1999–2000), Corporate Controller (2000–2002), Vice President & Corporate Controller (2002–2009), Vice President & Chief Financial Officer (2009–2010), Senior Vice President & Chief Financial Officer (2010–2016), Executive Vice President & Chief Financial Officer (2016–2021), to President & Chief Financial Officer (2021–2022) before becoming President and Chief Executive Officer in July 2022.

    Also at Stanley Black & Decker Inc

    CJN
    Christopher J. Nelson
    COO, EVP, and President of Tools & Outdoor
    DKW
    Deborah K. Wintner
    Senior Vice President and CHRO
    PDH
    Patrick D. Hallinan
    Executive Vice President and CFO

    About

    Donald Allan, Jr. leads Stanley Black & Decker as President and Chief Executive Officer. At 60 years old, he has demonstrated strong financial leadership and operational expertise throughout his career.

    He began his tenure at the company in roles that progressively advanced his responsibilities. Over the years, he served as Assistant Controller, Corporate Controller, Vice President & Corporate Controller, and held progressively higher executive roles including Vice President & Chief Financial Officer, Senior Vice President & Chief Financial Officer, and Executive Vice President & Chief Financial Officer, culminating as President & Chief Financial Officer before his promotion in July 2022.

    In his journey at Stanley Black & Decker, his work in financial reporting and adherence to regulatory standards—evidenced by his certifications under the Sarbanes-Oxley Act—reflects his dedication to maintaining robust operational practices. His consistent ascent through the ranks underscores a career marked by commitment, achievement, and substantial contributions to the company's success.

    $SWK Performance Under Donald Allan, Jr.

    Past Roles

    OrganizationRoleDate RangeDetails
    Stanley Black & Decker, Inc.President & Chief Financial OfficerFebruary 2021 - July 2022Promoted to President & CEO in July 2022
    Stanley Black & Decker, Inc.Executive Vice President & Chief Financial Officer2016 - February 2021
    Stanley Black & Decker, Inc.Senior Vice President & Chief Financial Officer2010 - 2016
    Stanley Black & Decker, Inc.Vice President & Chief Financial Officer2009 - 2010
    Stanley Black & Decker, Inc.Vice President & Corporate Controller2002 - 2009
    Stanley Black & Decker, Inc.Corporate Controller2000 - 2002
    Stanley Black & Decker, Inc.Assistant Controller1999 - 2000
    Loctite CorporationFinancial Management rolesN/AIncreasing responsibility
    Ernst & YoungFinancial Management rolesN/AIncreasing responsibility

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,250,000 AnnualEffective as of December 30, 2023; effective since July 1, 2022
    All Other Compensation$306,442 AnnualIncludes: Company RAP Contributions ($31,050), Supplemental RAP Contributions ($74,378), Life Insurance Premiums ($47,945), Disability Insurance Premiums ($7,331), Personal Use of Aircraft ($125,177), Other Perquisites ($20,561)

    Performance Compensation

    Data from  FY 2023

    Non-Equity Incentive Plan Compensation

    MetricWeight (%)ThresholdTargetMaximumActual Payout/Details
    Adjusted EPS30% N/AN/AN/AN/A
    Free Cash Flow40% N/AN/AN/AN/A
    Adjusted Gross Margin Rate30% N/AN/AN/AN/A
    Transformation Modifier+20% N/AN/AN/ANot applied to bonus payouts
    Bonus Payout-$937,500 $1,875,000 $3,750,000 163.8% of target; $3,071,250 paid

    Equity Incentive Plan Awards (LTIP PSUs)

    MetricWeight (%)2023 Threshold2023 Target2023 MaximumAdditional Details
    CFROI40% 8% 9% 10% Represents cash flow return on investment measure for 2023
    Relative Organic Sales Growth vs. Market35% N/AN/AN/AData provided mainly for 2024 performance; not specified for 2023
    Relative TSR25% 25th percentile 50th percentile 75th percentile Based on share price appreciation and dividend returns
    Grant Details----Grant Date: February 15, 2023; Fair Value: $4,624,998; Stock Price: $90.32; Vesting in Q1 of the fiscal year following the performance period (2023-2025)

    Note: RSUs and Stock Options for 2023 are time-vesting awards and are not directly linked to performance metrics.