Form 4: Colgate-Palmolive Executive Panagiotis Tsourapas Reports Stock Transaction

Panagiotis Tsourapas, a Group President at Colgate-Palmolive, reported a transaction involving the withholding of 168 shares for tax obligations.

Summary

• Panagiotis Tsourapas, a Group President at Colgate-Palmolive, filed a Form 4 disclosing 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 under the company's incentive compensation plan.
• Following the transaction, Tsourapas directly owns 7,111 shares and indirectly owns 4,388 shares through the issuer's 401(k) plan and 49,971 shares through a trust.
• The price per share for the transaction was $94.61.

Sentiment

Score: 7

Explanation: The document is a routine filing and does not indicate any positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine filing related to executive compensation and is typical for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders at publicly traded companies like Colgate-Palmolive.
• The transaction is a common occurrence related to the vesting of restricted stock units and the subsequent tax obligations.
• Similar filings are regularly made by executives at comparable companies such as Procter & Gamble (PG) and Unilever (UL).

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Colgate-Palmolive, Stock Transaction, Beneficial Ownership, Panagiotis Tsourapas, Executive Compensation, Tax Withholding, Restricted Stock Units