Form 4: Colgate-Palmolive Executive Jennifer Daniels Reports Stock Transaction

Jennifer Daniels, CLO and Secretary at Colgate-Palmolive, reported a transaction involving the withholding of 168 common stock shares for tax liabilities.

Summary

• Jennifer Daniels, the Chief Legal Officer and Secretary of Colgate-Palmolive, filed a Form 4 indicating a transaction on December 3, 2024.
• The transaction involved the withholding of 168 shares of common stock to cover Medicare and income tax liabilities.
• These shares were withheld from restricted stock units previously granted to Ms. Daniels under the company's incentive compensation plan.
• The price per share for the transaction was $94.61.
• Following the transaction, Ms. Daniels directly owns 62,490 shares of common stock and indirectly owns 1,739 shares through the issuer's 401(k) plan.
• The reporting person continues to hold the restricted stock units originally granted, less the amount of this required tax withholding.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating a neutral event. The transaction is a standard part of executive compensation and tax obligations.

Industry Context

This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as required by the SEC.
• The transaction is typical of how companies handle tax obligations related to restricted stock units granted to executives.
• Similar filings are made by executives at comparable companies such as Procter & Gamble and Unilever.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding for an executive.

Key Dates

Keywords

Form 4, Colgate-Palmolive, stock transaction, insider trading, Jennifer Daniels, executive compensation, restricted stock units, tax withholding