Form 4: Colgate-Palmolive Director Acquires Additional Shares
SEC Form 4 Filing
Director Lorrie M Norrington acquired 274 shares of Colgate-Palmolive common stock at $95.61 per share on July 1, 2024.
Summary
- On July 1, 2024, Lorrie M Norrington, a director of Colgate-Palmolive, acquired 274 shares of common stock.
- The shares were purchased at a price of $95.61 per share.
- This transaction increased Norrington's direct holdings to 34,665 shares.
- The acquisition was part of a deferred compensation plan for non-employee directors.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. While insider buying can be seen as positive, this is part of a pre-arranged plan.
Positives
- A director's increased investment in the company may signal confidence in its future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC when corporate insiders, such as directors and officers, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about management's view of the company's prospects.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Lorrie M Norrington acquired 274 shares of Colgate-Palmolive common stock. |
| 07/03/2024 | Date of signature: Kristine Hutchinson, Attorney-in-Fact, signed the Form 4 on behalf of Lorrie M Norrington. |
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