[8-K] Procter & Gamble Company Reports Material Event
Alexandra Keith, Chief Executive Officer – Beauty at The Procter & Gamble Company, has announced her intention to retire effective February 20, 2026, after more than 36 years with the company. Upon retirement she will enter the company’s standard Written Separation Agreement, which does not provide any cash severance and allows her to retain the remainder of a special equity award scheduled to vest in August 2026.
Per the report, all other equity awards will be retained or pro-rated as set out in the applicable Award Agreement. The disclosure does not include details about a successor or additional transition arrangements.
Alexandra Keith, Chief Executive Officer – Beauty presso The Procter & Gamble Company, ha annunciato la sua intenzione di andare in pensione con effetto dal 20 febbraio 2026, dopo oltre 36 anni in azienda. Al momento del pensionamento entrerà nel consueto Accordo scritto di separazione standard della società, che non prevede alcuna indennità in contanti e le consentirà di mantenere la restante parte di un premio azionario speciale previsto per il vesting ad agosto 2026.
Secondo il rapporto, tutte le altre assegnazioni azionarie saranno mantenute o prorate come stabilito dal relativo Contratto di Assegnazione applicabile. La comunicazione non riporta dettagli su un successore né su eventuali ulteriori piani di transizione.
Alexandra Keith, directora ejecutiva de Beauty en The Procter & Gamble Company, ha anunciado su intención de retirarse con efecto a partir del 20 de febrero de 2026, tras más de 36 años en la compañía. Al retirarse pasará al Acuerdo de separación escrito estándar de la empresa, que no contempla indemnización en efectivo y le permite conservar el resto de un premio de capital especial que debe consolidarse en agosto de 2026.
Según el informe, todas las demás adjudicaciones de acciones se mantendrán o se prorratearán según lo establecido en el Acuerdo de Adjudicación aplicable. La divulgación no incluye detalles sobre un sucesor ni sobre arreglos de transición adicionales.
Alexandra Keith는 The Procter & Gamble Company의 뷰티 총괄 최고경영자로서, 2026년 2월 20일부로 퇴임할 예정이라고 발표했습니다. 회사에서 근무한 기간은 36년 이상입니다. 퇴임 시 회사의 표준 서면 퇴직 합의서가 적용되며, 이 합의서는 현금 퇴직금이 지급되지 않습니다고 명시되어 있으며 2026년 8월에 권리가 확정될 예정인 특별 주식 보상의 잔여분을 유지할 수 있게 합니다.
보고서에 따르면 다른 모든 주식 보상은 해당 수여 계약에 명시된 대로 유지되거나 비례 배분될 예정입니다. 공개 자료에는 후임자나 추가 전환 관련 세부 내용은 포함되어 있지 않습니다.
Alexandra Keith, directrice générale – Beauty chez The Procter & Gamble Company, a annoncé son intention de prendre sa retraite à compter du 20 février 2026, après plus de 36 ans passés dans l'entreprise. À son départ, elle sera soumise au contrat écrit de séparation standard de la société, qui ne prévoit aucune indemnité en espèces et lui permettra de conserver le reliquat d'une attribution d'actions spéciale devant être acquise en août 2026.
Selon le rapport, toutes les autres attributions d'actions seront conservées ou proratisées comme prévu dans le contrat d'attribution applicable. La communication ne donne pas de détails sur un successeur ni sur d'éventuelles modalités de transition supplémentaires.
Alexandra Keith, Chief Executive Officer – Beauty bei The Procter & Gamble Company, hat ihren Rücktritt mit Wirkung zum 20. Februar 2026 angekündigt, nach mehr als 36 Jahren im Unternehmen. Mit dem Ruhestand tritt sie in die standardmäßige schriftliche Trennungsvereinbarung der Gesellschaft ein, die keine Barauszahlung als Abfindung vorsieht und ihr erlaubt, den verbleibenden Teil einer besonderen Aktienzuwendung zu behalten, die im August 2026 fällig wird.
Dem Bericht zufolge werden alle übrigen Aktienzuwendungen entweder erhalten oder gemäß der einschlägigen Zuwendungsvereinbarung anteilig behandelt. Die Offenlegung enthält keine Angaben zu einem Nachfolger oder zu weiteren Übergangsregelungen.
- No cash severance under the Written Separation Agreement, limiting immediate cash outflow for the company
- Equity retention (remainder of special award scheduled to vest in August 2026) maintains alignment between the departing executive and shareholders
- Standard separation terms indicate an orderly, policy-driven process rather than ad hoc arrangements
- Loss of long-tenured leadership: departure of a 36+ year executive may create a leadership gap in the Beauty unit
- No successor information was disclosed, leaving uncertainty on transition plans and near-term management continuity
Insights
TL;DR: Long-tenured beauty CEO to retire; separation terms limit cash payout while preserving equity vesting.
The filing states Alexandra Keith will retire effective February 20, 2026, after over 36 years of service and will enter the company’s standard Written Separation Agreement. Key financial facts: no cash severance and retention of the remainder of a special equity award scheduled to vest in August 2026; other awards will be retained or pro‑rated per Award Agreements. From a financial perspective, the terms reduce immediate cash outflow while maintaining executive equity alignment. The disclosure does not provide successor or transition specifics, which limits near-term operational visibility.
TL;DR: Retirement appears managed under standard policy; equity treatment aligns departing executive with shareholder interests.
The company reports a retirement under its standard Written Separation Agreement with no cash severance and continuation of a special equity award vesting in August 2026. This approach signals adherence to established separation practices and preserves equity-based alignment between the executive and shareholders. The filing explicitly notes all other awards will be retained or pro‑rated according to Award Agreements. Absence of successor details means governance observers will look for subsequent disclosures about leadership transition planning.
Alexandra Keith, Chief Executive Officer – Beauty presso The Procter & Gamble Company, ha annunciato la sua intenzione di andare in pensione con effetto dal 20 febbraio 2026, dopo oltre 36 anni in azienda. Al momento del pensionamento entrerà nel consueto Accordo scritto di separazione standard della società, che non prevede alcuna indennità in contanti e le consentirà di mantenere la restante parte di un premio azionario speciale previsto per il vesting ad agosto 2026.
Secondo il rapporto, tutte le altre assegnazioni azionarie saranno mantenute o prorate come stabilito dal relativo Contratto di Assegnazione applicabile. La comunicazione non riporta dettagli su un successore né su eventuali ulteriori piani di transizione.
Alexandra Keith, directora ejecutiva de Beauty en The Procter & Gamble Company, ha anunciado su intención de retirarse con efecto a partir del 20 de febrero de 2026, tras más de 36 años en la compañía. Al retirarse pasará al Acuerdo de separación escrito estándar de la empresa, que no contempla indemnización en efectivo y le permite conservar el resto de un premio de capital especial que debe consolidarse en agosto de 2026.
Según el informe, todas las demás adjudicaciones de acciones se mantendrán o se prorratearán según lo establecido en el Acuerdo de Adjudicación aplicable. La divulgación no incluye detalles sobre un sucesor ni sobre arreglos de transición adicionales.
Alexandra Keith는 The Procter & Gamble Company의 뷰티 총괄 최고경영자로서, 2026년 2월 20일부로 퇴임할 예정이라고 발표했습니다. 회사에서 근무한 기간은 36년 이상입니다. 퇴임 시 회사의 표준 서면 퇴직 합의서가 적용되며, 이 합의서는 현금 퇴직금이 지급되지 않습니다고 명시되어 있으며 2026년 8월에 권리가 확정될 예정인 특별 주식 보상의 잔여분을 유지할 수 있게 합니다.
보고서에 따르면 다른 모든 주식 보상은 해당 수여 계약에 명시된 대로 유지되거나 비례 배분될 예정입니다. 공개 자료에는 후임자나 추가 전환 관련 세부 내용은 포함되어 있지 않습니다.
Alexandra Keith, directrice générale – Beauty chez The Procter & Gamble Company, a annoncé son intention de prendre sa retraite à compter du 20 février 2026, après plus de 36 ans passés dans l'entreprise. À son départ, elle sera soumise au contrat écrit de séparation standard de la société, qui ne prévoit aucune indemnité en espèces et lui permettra de conserver le reliquat d'une attribution d'actions spéciale devant être acquise en août 2026.
Selon le rapport, toutes les autres attributions d'actions seront conservées ou proratisées comme prévu dans le contrat d'attribution applicable. La communication ne donne pas de détails sur un successeur ni sur d'éventuelles modalités de transition supplémentaires.
Alexandra Keith, Chief Executive Officer – Beauty bei The Procter & Gamble Company, hat ihren Rücktritt mit Wirkung zum 20. Februar 2026 angekündigt, nach mehr als 36 Jahren im Unternehmen. Mit dem Ruhestand tritt sie in die standardmäßige schriftliche Trennungsvereinbarung der Gesellschaft ein, die keine Barauszahlung als Abfindung vorsieht und ihr erlaubt, den verbleibenden Teil einer besonderen Aktienzuwendung zu behalten, die im August 2026 fällig wird.
Dem Bericht zufolge werden alle übrigen Aktienzuwendungen entweder erhalten oder gemäß der einschlägigen Zuwendungsvereinbarung anteilig behandelt. Die Offenlegung enthält keine Angaben zu einem Nachfolger oder zu weiteren Übergangsregelungen.
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||
(Address of principal executive offices and zip code) | ||||||||
( | ||||||||
(Registrant's telephone number, including area code) | ||||||||
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act: | ||||||||
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
| THE PROCTER & GAMBLE COMPANY | |||||
By: | /s/ Sandra T. Lane | ||||
Name: | Sandra T. Lane | ||||
Title: | Assistant Secretary | ||||
FAQ
What did P&G (PG) disclose about Alexandra Keith's retirement?
Will Alexandra Keith receive cash severance according to the 8-K?
What happens to Alexandra Keith's equity awards?
Does the filing name a successor or describe a transition plan?
How long did Alexandra Keith serve at P&G before announcing retirement?
