Exhibit 4.1
THIRD SUPPLEMENTAL INDENTURE
THIS THIRD SUPPLEMENTAL INDENTURE, dated as of August 9, 2024 (this Supplemental Indenture), is between The
Sherwin-Williams Company, an Ohio corporation (the Company), and U.S. Bank Trust Company, National Association, a national banking association organized and existing under the laws of the United States of America, as trustee
(the Trustee).
WITNESSETH
WHEREAS, pursuant to the Indenture, dated as of August 10, 2022 (the Base Indenture and, as supplemented by this Supplemental
Indenture, the Indenture), between the Company and the Trustee, the Company may from time to time issue and sell debt securities in one or more series;
WHEREAS, the Company desires to create and authorize a series of Notes entitled 4.550% Senior Notes due 2028, limited initially to
$400,000,000 in aggregate principal amount (the 2028 Notes), and to provide the terms and conditions upon which the 2028 Notes are to be executed, registered, authenticated, issued and delivered, and the Company has duly authorized the
execution and delivery of this Supplemental Indenture;
WHEREAS, the 2028 Notes are a series of Notes and are being issued under the
Indenture and are subject to the terms contained therein and herein;
WHEREAS, the 2028 Notes are to be substantially in the form attached
hereto as Exhibit A; and
WHEREAS, all acts and things necessary to make the 2028 Notes, when executed by the Company and
authenticated and delivered by or on behalf of the Trustee as provided in this Supplemental Indenture, the valid, binding and legal obligations of the Company, and to make this Supplemental Indenture a legal, binding and enforceable agreement, have
been done and performed.
NOW, THEREFORE, in order to declare the terms and conditions upon which the 2028 Notes are executed, registered,
authenticated, issued and delivered, and in consideration of the foregoing premises and the purchase of such 2028 Notes by the Holders thereof, the Company and the Trustee mutually covenant and agree, for the benefit of each other and for the equal
and proportionate benefit of the Holders from time to time of the 2028 Notes, as follows:
Section 1. Definitions. Terms used
in this Supplemental Indenture and not defined herein shall have the respective meanings given such terms in the Indenture.
Attributable Indebtedness in respect of a Sale/Leaseback Transaction means, as of the time of determination, (a) if
the obligation in respect of such Sale/Leaseback Transaction is a Capital Lease Obligation, the amount of such obligation determined in accordance with GAAP and included in the financial statements of the lessee or (b) if the obligation in
respect of such Sale/Leaseback Transaction is not a Capital Lease Obligation, the total Net Amount of Rent