Colgate (NYSE: CL) HR chief nets stock award, tax share sale
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
Net Buyer: 8,599 shares
Net Buy
3 txns
Insider
Massey Sally
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,805 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,206 | $97.10 | $797K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 22,384 shares (Direct);
Common Stock — 8,111 shares (Indirect, By Issuer's 401(k) Plan Trustee)
Footnotes (2)
- F1. 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.
- F2. Withholding of shares for payment of tax liability incident to the vesting of PBRSUs under the issuer's incentive compensation plan.
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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.