Colgate-Palmolive (CL) CLO reports PBRSU vesting and share withholding for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Colgate-Palmolive’s Chief Legal Officer and Secretary Jennifer Daniels reported equity compensation activity in Common Stock. She acquired 25,742 shares through the vesting of previously granted performance-based restricted stock units that were earned under the company’s incentive compensation plan and settled in stock. To cover tax liabilities from this vesting, 12,351 shares were withheld at a price of $97.10 per share. After these transactions, she directly held 89,844 shares and indirectly held 1,837 shares through the issuer’s 401(k) plan trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Daniels Jennifer
Role
CLO and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,742 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,351 | $97.10 | $1.20M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 102,195 shares (Direct);
Common Stock — 1,837 shares (Indirect, By Issuer's 401(k) Plan Trustee)
Footnotes (1)
- Represents vesting of a previously-granted performance-based restricted stock unit ("PBRSU") that was earned under the issuer's incentive compensation plan based on the achievement of performance goals for a completed performance period. The earned PBRSUs are settled solely in shares of Common Stock. Withholding of shares for payment of tax liability incident to the vesting of PBRSUs under the issuer's incentive compensation plan.
FAQ
What insider transactions did CL’s Jennifer Daniels report on this Form 4?
Jennifer Daniels reported a stock award vesting and related tax withholding. She acquired 25,742 Colgate-Palmolive Common Stock shares from vesting performance-based RSUs, and 12,351 shares were withheld to satisfy tax liabilities tied to that vesting.
Was the CL Form 4 for Jennifer Daniels an open-market stock purchase or sale?
The filing did not report any open-market buy or sell. It showed an acquisition from vesting performance-based restricted stock units and a disposition of shares withheld solely to pay taxes associated with that vesting.
What price was used for the tax-withholding disposition in the CL Form 4?
The tax-withholding disposition used a price of $97.10 per share. A total of 12,351 Colgate-Palmolive Common Stock shares were withheld at this price to cover tax liabilities from the vesting of performance-based RSUs.
What type of equity award vested for CL officer Jennifer Daniels?
The vesting related to performance-based restricted stock units (PBRSUs). These PBRSUs were earned under Colgate-Palmolive’s incentive compensation plan based on achieved performance goals and were settled entirely in shares of Common Stock.