Form 4: Colgate-Palmolive EVP and Controller Reports Changes in Beneficial Ownership

Gregory Malcolm, EVP and Controller at Colgate-Palmolive, reports acquisition of shares through vesting of restricted stock units and disposition of shares for tax liability.

Summary

• On February 13, 2025, Gregory Malcolm, EVP and Controller of Colgate-Palmolive, reported changes in beneficial ownership of the company's common stock.
• He acquired 4,498 shares of common stock through the vesting of performance-based restricted stock units (PBRSUs) at a price of $0.00.
• Simultaneously, he disposed of 1,693 shares to cover tax liabilities associated with the vesting of these PBRSUs at a price of $87.75.
• Following these transactions, Malcolm directly owns 10,996 shares of Colgate-Palmolive common stock.
• He also indirectly owns 8,304 shares through the Issuer's 401(k) Plan Trustee.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects standard compensation practices and does not suggest any significant positive or negative developments.

Positives

• The vesting of PBRSUs indicates the achievement of performance goals under the issuer's incentive compensation plan.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

Keywords

beneficial ownership, Form 4, Colgate-Palmolive, PBRSU, restricted stock units, insider trading, Gregory Malcolm, EVP and Controller, common stock