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SHAREHOLDERS' EQUITY | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
SHAREHOLDERS' EQUITY | SHAREHOLDERS’ EQUITY Dividends The following table summarizes the dividends declared and paid on common stock:
| 2025 |  | 2024 |  |  |  |
| Cash Dividend Per Share |  | Total Dividends (in millions) |  | Cash Dividend Per Share |  | Total Dividends (in millions) |  |  |  |
First Quarter | $ | 0.79 |  |  | $ | 200.4 |  |  | $ | 0.715 |  |  | $ | 182.5 |  |  |  |  |
Treasury Stock The Company acquires its common stock for general corporate purposes through its publicly announced share repurchase program. As of March 31, 2025, the Company had remaining authorization from its Board of Directors to purchase 33.4 million shares of its common stock. The table below summarizes share repurchases:
| Three Months Ended |  |
| March 31, |  |
| 2025 |  | 2024 |  |  |  |
Treasury stock purchases (in millions) | $ | 351.7 |  |  | $ | 545.5 |  |  |  |  |
Treasury stock purchases (in shares) | 1,000,000 |  |  | 1,700,000 |  |  |  |  |
Average price per share | $ | 351.68 |  |  | $ | 320.86 |  |  |  |  |
Other Activity During the three months ended March 31, 2025, 198,718 stock options were exercised at a weighted average price per share of $134.53. In addition, 175,344 restricted stock units vested during the same period. Subsequent Event Effective April 16, 2025, the Company’s shareholders approved The Sherwin-Williams Company 2025 Equity and Incentive Compensation Plan (2025 Plan). The 2025 Plan replaces The Sherwin-Williams Company 2006 Equity and Performance Incentive Plan (Amended and Restated as of October 13, 2023), The Sherwin-Williams Company 2006 Stock Plan for Nonemployee Directors and The Sherwin-Williams Company 2007 Executive Annual Performance Bonus Plan (Amended and Restated as of October 13, 2023). The 2025 Plan has an aggregate of 21,969,555 shares of common stock available for awards.

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