Form 4: Colgate-Palmolive COO Reports Stock Vesting, Tax Withholding

Colgate-Palmolive's COO, Panagiotis Tsourapas, reported the vesting of 25,742 performance-based restricted stock units and the disposition of 13,081 shares for tax purposes.

Summary

• Panagiotis Tsourapas, COO of Colgate-Palmolive Co, reported changes in beneficial ownership of common stock.
• On February 23, 2026, 25,742 shares of common stock were acquired due to the vesting of performance-based restricted stock units (PBRSUs). These PBRSUs were earned under the company's incentive compensation plan after achieving performance goals.
• Concurrently, 13,081 shares of common stock were disposed of at a price of $97.1 per share to cover tax liabilities associated with the PBRSU vesting.
• Following these transactions, Mr. Tsourapas directly beneficially owns 21,629 shares of common stock.
• Additionally, 4,568 shares are indirectly owned through the Issuer's 401(k) Plan Trustee, and 62,240 shares are indirectly owned through a Trust. This latter amount includes 1,495 shares previously reported as directly owned.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, primarily due to the vesting of performance-based units, indicating the achievement of corporate goals. The subsequent tax-related sale is a routine event.

Positives

• The vesting of 25,742 performance-based restricted stock units indicates that Colgate-Palmolive achieved specific performance goals under its incentive compensation plan.
• This demonstrates successful execution against pre-defined corporate objectives, aligning executive incentives with company performance.

Negatives

• The disposition of 13,081 shares of common stock, valued at $97.1 per share, for tax withholding purposes reduces the direct beneficial ownership of the COO.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that the vesting of performance-based restricted stock units and subsequent tax-related share dispositions are standard practices in executive compensation across the consumer goods industry. This aligns executive incentives with shareholder value creation, a common governance trend.

Comparison to Industry Standards

• The structure of performance-based restricted stock units (PBRSUs) is a common executive compensation mechanism, similar to those used by peers like Procter & Gamble (PG) or Unilever (UL), which tie executive rewards to specific financial or operational targets.
• The disposition of shares to cover tax liabilities upon vesting is a standard and expected practice, consistent with how executives at major corporations manage equity compensation.

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and alignment of management incentives with company performance through PBRSU vesting.

Key Dates

Recommendation

This Form 4 reports routine executive compensation events (PBRSU vesting and tax withholding) and does not provide new information to alter an investment thesis or warrant a change in recommendation.

Keywords

Colgate-Palmolive, CL, Form 4, insider transaction, stock vesting, restricted stock units, executive compensation, beneficial ownership