Form 4: Colgate-Palmolive CFO Stanley Sutula III Reports Stock Transactions
SEC Filing
Chief Financial Officer of Colgate-Palmolive, Stanley Sutula III, reports acquisition and disposal of company stock related to vesting of performance-based restricted stock units and tax obligations.
Summary
- Stanley Sutula III, CFO of Colgate-Palmolive, filed a Form 4 detailing changes in beneficial ownership of company stock.
- On February 13, 2025, Sutula acquired 22,493 shares of common stock upon the vesting of performance-based restricted stock units (PBRSUs) at a price of $0.00.
- On the same day, 9,811 shares were disposed of at $87.75 per share to cover tax liabilities associated with the vesting of the PBRSUs.
- Following these transactions, Sutula directly owns 49,214 shares of Colgate-Palmolive common stock.
- He also indirectly owns 277 shares through the Issuer's 401(k) Plan Trustee.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Date of stock acquisition and disposal related to PBRSU vesting and tax withholding. |
| 02/18/2025 | Date of signature by Attorney-in-Fact. |
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