Form 4: Colgate-Palmolive EVP and Controller Reports Stock Transaction
SEC Form 4 Filing
Gregory Malcolm, EVP and Controller at Colgate-Palmolive, reports a transaction involving common stock due to tax liability from vesting restricted stock units.
Summary
- Gregory Malcolm, an EVP and Controller at Colgate-Palmolive, filed a Form 4 on September 12, 2024, reporting a transaction.
- The transaction occurred on September 10, 2024, and involved the withholding of 413 shares of common stock at a price of $106.84.
- This withholding was for the payment of tax liability related to the vesting of restricted stock units under the issuer's incentive compensation plan.
- Following the transaction, Malcolm directly owns 9,974 shares of common stock and indirectly owns 8,218 shares through the Issuer's 401(k) Plan Trustee.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of tax liability coverage related to equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for managing executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Date of stock transaction (withholding of shares). |
| 09/12/2024 | Date of Form 4 filing. |
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