Colgate-Palmolive (CL) EVP reports PBRSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Colgate-Palmolive EVP and Controller Malcolm Gregory reported equity award activity in company stock. He acquired 6,268 shares of Common Stock at a price of $0.0000 per share through the vesting of previously granted performance-based restricted stock units under the issuer's incentive compensation plan, which are settled solely in shares.
On the same date, 2,260 shares of Common Stock were disposed of at $97.1000 per share to cover tax liabilities associated with the PBRSU vesting. Following these transactions, he directly held 15,898 shares of Common Stock. In addition, 8,554 shares are held indirectly through the issuer's 401(k) plan trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Malcolm Gregory
Role
EVP and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,268 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,260 | $97.10 | $219K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 18,158 shares (Direct);
Common Stock — 8,554 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.
FAQ
What insider transactions did Colgate-Palmolive (CL) executive Malcolm Gregory report?
Malcolm Gregory reported the vesting of 6,268 performance-based restricted stock units into Common Stock and the disposition of 2,260 shares to cover tax liabilities. Both transactions occurred under Colgate-Palmolive's incentive compensation plan on the same transaction date.
How were Malcolm Gregory’s PBRSUs at Colgate-Palmolive (CL) earned and settled?
The PBRSUs vested as they were earned based on achievement of performance goals over a completed performance period under Colgate-Palmolive’s incentive compensation plan. According to the footnote, the earned PBRSUs are settled solely in shares of Common Stock.
What do the Form 4 footnotes reveal about Malcolm Gregory’s Colgate-Palmolive (CL) award?
The footnotes explain that 6,268 shares represent vesting of a previously granted performance-based restricted stock unit award, earned based on performance goals. They also clarify that 2,260 shares were withheld to satisfy tax liabilities related to that vesting.