Colgate (NYSE: CL) COO receives 25,742-share award, 13,081 withheld for taxes
Rhea-AI Filing Summary
Colgate-Palmolive COO Panagiotis Tsourapas received 25,742 shares of Common Stock on February 23, 2026 from vesting of performance-based restricted stock units earned under the company’s incentive plan. No cash changed hands for this award.
On the same date, 13,081 shares were withheld at $97.10 per share to cover related tax liabilities. After these transactions, he directly holds 21,629 shares, plus 4,568 shares through the issuer’s 401(k) plan trustee and 62,240 shares held by a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 12,661 shares
Net Buy
4 txns
Insider
Tsourapas Panagiotis
Role
COO, Eur., APac, Afr Eur, Skin
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,742 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 13,081 | $97.10 | $1.27M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 21,629 shares (Direct);
Common Stock — 4,568 shares (Indirect, By Issuer's 401(k) Plan Trustee);
Common Stock — 62,240 shares (Indirect, By Trust)
Footnotes (3)
- 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.
- F3. This amount includes 1,495 shares that were previously reported as directly beneficially owned.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Colgate-Palmolive (CL) COO Panagiotis Tsourapas report in this Form 4 filing?
Panagiotis Tsourapas reported vesting of 25,742 performance-based restricted stock units settled in Colgate-Palmolive Common Stock. He also reported share withholding for taxes and updated his direct and indirect share ownership totals in this insider transaction report.
What indirect Colgate-Palmolive (CL) holdings does the COO report in this Form 4?
He reports 4,568 shares held indirectly through the issuer’s 401(k) plan trustee and 62,240 shares held indirectly by a trust. These positions are separate from his directly owned shares and reflect retirement-plan and trust-related ownership structures.
How were the performance-based restricted stock units (PBRSUs) for Colgate-Palmolive (CL) settled?
The PBRSUs were earned based on performance goals for a completed period and were settled solely in shares of Colgate-Palmolive Common Stock. Upon vesting, 25,742 shares were delivered, and a portion was withheld to cover the related tax liabilities.