Stanley Black & Decker said the Compensation and Talent Development Committee of its Board of Directors approved compensation changes for Tamer Abuaita on June 6, 2024, effective July 1, 2024.

1. 01

   Stanley Black & Decker said the Compensation and Talent Development Committee of its Board of Directors approved compensation changes for Tamer Abuaita on June 6, 2024, effective July 1, 2024.

2. 02

   The company said it will raise base salary for Tamer Abuaita by $85,000 to $750,000.

3. 03

   The company said it set Tamer Abuaita's target short-term incentive award opportunity at 100% of base salary, up from 85% of base salary previously.

4. 04

   Stanley Black & Decker said the anticipated value of Tamer Abuaita's total target long-term incentive award for 2025 will increase by $550,000 to $2,250,000. The company said the change relates to his increased responsibilities as Global Chief Supply Chain Officer and President, Industrial.

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