Procter & Gamble (NYSE: PG) legal chief reports new RSU and plan-based share awards
Rhea-AI Filing Summary
Whaley Susan Street reported acquisition or exercise transactions in this Form 4 filing.
PROCTER & GAMBLE Co executive Susan Street Whaley, Chief Legal Officer & Secretary, reported equity-based awards rather than open-market trades. On August 6, 2026, she received 895 Restricted Stock Units as a retirement award and 13.4324 RSUs as dividend equivalents, each representing contingent rights to P&G common stock that generally deliver in shares upon retirement or as otherwise deferred. She also holds 30,357.4176 shares of common stock directly and 7,187.9174 shares indirectly through a retirement plan, plus 1,532.6805 shares of Series A Preferred Stock held by retirement plan trustees, which are convertible or redeemable based on a formula including the higher of $6.82 or the market price of the common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Whaley Susan Street
Role
Chief Legal Officer & Secy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F7, F4 | 895 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| Grant/Award | Series A Preferred Stock F5, F6 | 0.3148 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F3, F4 | 13.4324 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 973.5614 shares (Direct);
Series A Preferred Stock — 1,532.6805 shares (Indirect, By Retirement Plan Trustee);
Common Stock — 30,357.4176 shares (Direct);
Common Stock — 7,187.9174 shares (Indirect, By Retirement Plan Trustee)
Footnotes (7)
- F1. Total includes grant of dividend equivalents in the form of Restricted Stock Units (RSU's) settled in common stock.
- F2. Reflects adjustment to PST through July 14, 2026.
- F3. Dividend equivalents in the form of Restricted Stock Units (RSUs) previously awarded pursuant to issuer's retirement program. All such RSUs represent a contingent right to receive Procter & Gamble common stock.
- F4. These units will deliver in shares on retirement from the company, unless delivery is deferred or such shares are contributed to reporting person's deferred compensation account.
- F5. Higher of $6.82 (adjusted for 2-for-1 stock split effective May 21, 2004) or market price of Common Stock.
- F6. Shares held by Retirement Plan Trustees. If Officer terminates employment and elects distribution of shares, or, if after age 50 elects alternative investment within Plan, Preferred Stock converted/redeemed at specified conversion/exercise price.
- F7. Retirement award in the form of Restricted Stock Units which represent a contingent right to receive P&G common stock or cash settlement. Amount and price computed per benefit formula for plan year ended 6/30/2026.
Key Figures
Retirement award RSUs: 895 Restricted Stock Units
Dividend equivalent RSUs: 13.4324 Restricted Stock Units
Direct common shares: 30,357.4176 shares
+3 more
6 metrics
Retirement award RSUs
895 Restricted Stock Units
Retirement award granted on August 6, 2026
Dividend equivalent RSUs
13.4324 Restricted Stock Units
Dividend equivalents awarded under retirement program
Direct common shares
30,357.4176 shares
Direct PG common stock holdings after reported transactions
Indirect common shares
7,187.9174 shares
PG common stock held indirectly by Retirement Plan Trustee
Series A Preferred Stock
1,532.6805 shares
Indirect holdings via Retirement Plan Trustee after July 14, 2026 adjustment
Preferred conversion benchmark
$6.82 per share
Higher of $6.82 or market price used in preferred stock conversion/redemption formula
Key Terms
Restricted Stock Units, dividend equivalents, Retirement Plan Trustee, deferred compensation account, +1 more
5 terms
Restricted Stock Units financial
"Retirement award in the form of Restricted Stock Units which represent a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalents financial
"Dividend equivalents in the form of Restricted Stock Units (RSUs) previously awarded"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Retirement Plan Trustee financial
"Shares held by Retirement Plan Trustees. If Officer terminates employment"
deferred compensation account financial
"unless delivery is deferred or such shares are contributed to reporting person's deferred compensation account"
Preferred Stock financial
"Shares held by Retirement Plan Trustees... Preferred Stock converted/redeemed"
Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did PG executive Susan Street Whaley report on this Form 4?
Susan Street Whaley reported 895 Restricted Stock Units as a retirement award and 13.4324 RSUs as dividend equivalents, each representing a contingent right to receive Procter & Gamble common stock or, in some cases, a cash settlement.
What is the nature of the Series A Preferred Stock reported for PG’s Susan Street Whaley?
She holds 1,532.6805 shares of Series A Preferred Stock indirectly through retirement plan trustees. This preferred stock is convertible or redeemable using a formula tied to the higher of $6.82 per share or the market price of PG common stock.
When will the Restricted Stock Units reported by PG’s Chief Legal Officer be delivered?
The RSUs generally deliver in shares on retirement from the company, unless delivery is deferred or the shares are contributed to the reporting person’s deferred compensation account, as described in the linked footnotes.
Are the RSUs reported by PG’s Susan Street Whaley part of a retirement program?
Yes. Certain RSUs are dividend equivalents previously awarded under Procter & Gamble’s retirement program, and the 895-unit grant is described as a retirement award computed under a benefit formula for the plan year ended 6/30/2026.
Does this PG Form 4 show any open-market stock sales or purchases by Susan Street Whaley?
No open-market purchases or sales are reported. The filing shows equity awards (RSUs and preferred stock adjustments) and updated direct and indirect holdings, rather than discretionary market transactions in PG common stock.