Colgate-Palmolive (CL) Form 4: CEO Withholds 7,749 Shares for Taxes
Colgate-Palmolive insider transaction summary: Director and Chairman, President & CEO Noel R. Wallace reported withholding-related disposals of company common stock tied to restricted stock unit vesting.
Rhea-AI Filing Summary
Colgate-Palmolive insider transaction summary: Director and Chairman, President & CEO Noel R. Wallace reported withholding-related disposals of company common stock tied to restricted stock unit vesting. On 09/12/2025, 2,972 shares were disposed at $83.28 per share; on 09/13/2025, 4,777 shares were disposed at $83.28. These disposals reduced Mr. Wallace's direct beneficial ownership from 344,492 shares to 339,715 shares following the reported transactions.
Mr. Wallace also holds indirect positions: 53,560 shares via the issuer's 401(k) plan trustee, 52,000 shares via a spouse trust, and 335 shares via another trust. The filer explains the transactions were withholding of shares to satisfy tax liabilities on vested restricted stock units.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine withholding disposals for RSU tax obligations; modest reduction in direct holdings with no disclosed change to overall control.
The Form 4 shows two small, sequential disposals (2,972 and 4,777 shares) at $83.28 attributable to tax-withholding on vested restricted stock units. These are administrative in nature and do not indicate open-market selling for liquidity or strategic repositioning. Direct beneficial ownership remains substantial at 339,715 shares, with additional indirect holdings totaling 105,895 shares across retirement and trust vehicles, which preserves alignment with shareholders.
TL;DR: Executive's disclosures align with standard SEC reporting and compensation mechanics; no governance red flags.
The filing is consistent with standard insider reporting when equity awards vest and shares are withheld for taxes. Transactions were processed across two consecutive dates and were executed by an attorney-in-fact filing on behalf of the reporting person. There is no indication of undisclosed related-party transactions or abrupt executive departures; the filing documents routine compliance with Section 16 reporting obligations.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,777 | $83.28 | $398K |
| Exercise Price or Tax Liability | Common Stock | 2,972 | $83.28 | $248K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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.
FAQ
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What transactions did COLGATE PALMOLIVE CO (CL) insider Noel R. Wallace report?
Does the filing show any indirect holdings for the reporting person?
Who signed and filed the Form 4 for Noel R. Wallace?
AI-generated analysis. How Rhea-AI works. Not financial advice.