Colgate (NYSE: CL) HR chief nets stock award, tax share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Colgate-Palmolive Chief Human Resources Officer Sally Massey reported stock-based compensation activity tied to performance awards. She acquired 16,805 shares of Common Stock at no cost from the vesting of previously granted performance-based restricted stock units earned under the company’s incentive plan. To cover tax obligations from this vesting, 8,206 shares were disposed of through a tax-withholding transaction at $97.10 per share, rather than an open-market sale. After these transactions, she directly owns 22,384 shares of Common Stock and indirectly holds 8,111 shares through the issuer’s 401(k) plan trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Massey Sally
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,805 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,206 | $97.10 | $797K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 30,590 shares (Direct);
Common Stock — 8,111 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 transaction did Colgate-Palmolive (CL) report for Sally Massey?
Colgate-Palmolive reported that Chief Human Resources Officer Sally Massey had performance-based restricted stock units vest into 16,805 Common Stock shares. These shares were earned under the company’s incentive compensation plan after achieving specified performance goals over a completed performance period.
What is the nature of the stock award reported for Colgate-Palmolive (CL)?
The award reflects vesting of previously granted performance-based restricted stock units that were earned under Colgate-Palmolive’s incentive compensation plan. Vesting occurred after achievement of defined performance goals, and the earned PBRSUs were settled solely in shares of Common Stock rather than cash.
Was the Colgate-Palmolive (CL) insider transaction an open-market buy or sell?
The Form 4 does not report an open-market buy or sell. It shows a grant-sized acquisition from vesting of 16,805 performance-based restricted stock units and a 8,206-share tax-withholding disposition to cover liabilities arising from that vesting event.