Colgate-Palmolive (CL) COO Grant has 23,347 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Colgate-Palmolive COO, Americas Shane Grant reported a tax-related share disposition tied to equity compensation. On this Form 4, 23,347 shares of Common Stock were withheld at $90.66 per share to cover tax obligations from the vesting of restricted stock units under the company’s incentive compensation plan.
These shares were not sold in the open market but withheld by the issuer for tax payment. After this withholding, Grant directly holds 72,481 shares of Colgate-Palmolive common stock, indicating he retains a substantial equity position following the RSU vesting event.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GRANT SHANE
Role
COO, Americas
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 23,347 | $90.66 | $2.12M |
Holdings After Transaction:
Common Stock — 72,481 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 23,347 shares
Withholding price: $90.66 per share
Shares held after transaction: 72,481 shares
+1 more
4 metrics
Shares withheld for taxes
23,347 shares
Tax-withholding disposition tied to RSU vesting
Withholding price
$90.66 per share
Value used for tax-withholding disposition
Shares held after transaction
72,481 shares
Direct holdings following tax withholding
Transaction direction
Dispose (tax-withholding disposition)
Form 4 transaction code F
Key Terms
restricted stock units, incentive compensation plan, tax-withholding disposition, Form 4
4 terms
restricted stock units financial
"incident to the vesting of restricted stock units under the issuer's incentive compensation plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
incentive compensation plan financial
"under the issuer's incentive compensation plan"
An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Colgate-Palmolive (CL) COO Shane Grant report on this Form 4?
Shane Grant reported a tax-related share disposition. 23,347 Colgate-Palmolive common shares were withheld to satisfy tax liabilities from vesting restricted stock units, a routine compensation-related event rather than an open-market stock sale.
Is Shane Grant’s Form 4 for Colgate-Palmolive (CL) an open-market sale?
No, the Form 4 reflects a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to cover taxes when restricted stock units vested, which is a standard administrative step in equity compensation.