Stanley Black & Decker extends CEO Donald Allan's term to June 2026, raises base to $1.35M

STANLEY BLACK & DECKER, INC.

CEO Donald Allan's employment term extended to June 30, 2026; base salary increased to $1,350,000 effective Jan 1, 2024.
Target bonus opportunity raised to 155% of base salary for 2024; long-term incentive target at least $10M in each of fiscal 2024 and 2025.
Severance multiplier revised: 2x (salary + target bonus) for termination before June 30, 2025; 1x thereafter.
Equity awards will be at least 50% performance share units, balance in stock options/RSUs as determined by board.
Supplemental Executive Retirement Plan participation removed from agreement.

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