Form 4: Colgate-Palmolive CEO Noel Wallace Reports Stock Vesting and Tax Withholding
SEC Form 4 Filing
Colgate-Palmolive's CEO, Noel Wallace, reported the vesting of performance-based restricted stock units and the subsequent withholding of shares for tax obligations.
Summary
- On February 13, 2025, Noel R. Wallace, Chairman, President & CEO of Colgate-Palmolive, reported transactions involving the company's common stock.
- 96,041 shares were acquired through the vesting of performance-based restricted stock units (PBRSUs) at a price of $0.00.
- 47,324 shares were withheld for payment of tax liability related to the vesting of these PBRSUs at a price of $87.75.
- Following these transactions, Wallace directly owns 318,452 shares of Colgate-Palmolive common stock.
- Wallace also indirectly owns 52,880 shares through the Issuer's 401(k) Plan Trustee, 52,000 shares through a Spouse Trust, and 335 shares through another trust.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation, with no particularly positive or negative implications.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Date of stock vesting and tax withholding transactions. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
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