Procter & Gamble (PG) insider registers RSUs and 15,314-share award; late Form 4 noted

Rhea-AI Filing Summary

Procter & Gamble officer Moses Aguilar reported acquisitions of company common stock and restricted stock units. On 08/19/2025 he acquired 15,314 shares at $0 under the issuer's 2019 Stock and Incentive Compensation Plan, bringing his total direct beneficial ownership to 40,841.1704 shares. Additional indirect holdings include 6,750.7456 shares held by a retirement plan trustee and 428.6033 shares held by a Mexico international stock ownership plan trustee. The filing notes the report was late due to an inadvertent administrative error.

Positive

• Acquisition of 15,314 shares under the issuer's 2019 Stock and Incentive Compensation Plan, increasing direct ownership
• Dividend equivalents settled in RSUs and shares acquired via dividend reinvestment, showing participation in company compensation and reinvestment programs

Negative

• Late Form 4 filing noted; described as due to an inadvertent administrative error

Insights

Financial Analyst

TL;DR: Insider received compensation in stock and dividend equivalents; ownership modestly increased, filing was late due to administrative error.

The disclosed transactions are compensation-related: a grant of 15,314 shares under the 2019 compensation plan and settlement of dividend-equivalent RSUs. The report quantifies direct beneficial ownership at 40,841.1704 shares and shows indirect holdings via a retirement plan and an international trustee. These are routine, non-market purchases tied to company programs rather than open-market trades, so immediate market-impact is likely limited.

Corporate Governance Expert

TL;DR: Governance note — late Form 4 filing flagged but explained as administrative; holdings reflect standard plan-based awards.

The filer acknowledges a late filing attributed to an inadvertent administrative error. The transaction types (stock award and RSUs, dividend reinvestment) align with standard executive compensation and retirement arrangements. From a governance perspective, timely reporting is important; the admission of inadvertent delay is transparent but should be monitored for recurrence.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Aguilar Moses Victor Javier

(Last) (First) (Middle)

ONE PROCTER AND GAMBLE PLAZA

(Street)

CINCINNATI OH 45202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PROCTER & GAMBLE Co [ PG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chf Rsch, Dev & Innov Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/19/2025(1)		A		15,314	A	$0(2)	40,841.1704(3)	D
Common Stock								6,750.7456	I	By Retirement Plan Trustee
Common Stock								428.6033	I	International Stock Ownership Plan (Mexico) Trustee

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(4)	08/15/2025		A	V	13.1431		(5)	(5)	Common Stock	13.1431	$0	110.7796	D

Explanation of Responses:

1. The late filing is due to an inadvertent administrative error and not any error of the reporting person.

2. Stock award pursuant to issuer's 2019 Stock and Incentive Compensation Plan.

3. Total includes grant of dividend equivalents in the form of Restricted Stock Units (RSU's) settled in common stock and shares acquired through the issuer's dividend reinvestment plan.

4. 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.

5. 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.

	/s/ Wednesday Shipp, attorney-in-fact for Mr. Aguilar Moses	08/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Moses Aguilar report on Form 4 for PG?

The Form 4 reports acquisition of 15,314 shares on 08/19/2025 plus 13.1431 RSUs vesting details and indirect holdings via retirement and international plans.

How many Procter & Gamble (PG) shares does the reporting person beneficially own after the transactions?

The filing shows 40,841.1704 shares of direct beneficial ownership following the reported transactions, plus indirect holdings of 6,750.7456 and 428.6033 shares.

Were these transactions open-market trades or plan-based awards?

These were plan-based awards and dividend-equivalent RSUs settled in common stock and shares acquired through the issuer's dividend reinvestment plan, not open-market purchases.

Did the filer report any compliance issues on the Form 4?

The filer disclosed a late filing, attributing it to an inadvertent administrative error; no other compliance violations are stated.

What is the price reported for the acquired shares?

The shares acquired under the compensation plan are reported at a $0 price, reflecting issuance under the company's award programs.