Colgate (NYSE: CL) COO receives 25,742-share award, 13,081 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
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
4 transactions reported
Mixed
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 | -- |
| Tax Withholding | Common Stock | 13,081 | $97.10 | $1.27M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 34,710 shares (Direct);
Common Stock — 4,568 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. This amount includes 1,495 shares that were previously reported as directly beneficially owned.
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.