Colgate COO uses share withholding to pay RSU taxes
Colgate-Palmolive COO, Americas Shane Grant reported a tax-related share disposition tied to equity compensation.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 23,347 | $90.66 | $2.12M |
Footnotes (1)
- F1. Withholding of shares for payment of tax liability incident to the vesting of restricted stock units under the issuer's incentive compensation plan.
Key Figures
Key Terms
restricted stock units financial
incentive compensation plan financial
tax-withholding disposition financial
Form 4 regulatory
FAQ
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What did Colgate-Palmolive (CL) COO Shane Grant report on this Form 4?
Is Shane Grant’s Form 4 for Colgate-Palmolive (CL) an open-market sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.