Form 4: Colgate-Palmolive Executive Reports Stock Transactions Following Vesting of Performance-Based Restricted Stock Units

Panagiotis Tsourapas, Group President, Europe & Developing Markets at Colgate-Palmolive, reports acquisition and disposal of company stock related to vesting of performance-based restricted stock units and associated tax obligations.

Summary

• On February 13, 2025, Panagiotis Tsourapas, Group President, Europe & Developing Markets at Colgate-Palmolive, acquired 18,601 shares of common stock due to the vesting of performance-based restricted stock units (PBRSUs).
• These PBRSUs were earned under the company's incentive compensation plan based on the achievement of performance goals.
• Concurrently, 7,827 shares were withheld to cover tax liabilities associated with the vesting of these PBRSUs at a price of $87.75 per share.
• Following these transactions, Tsourapas directly owns 17,885 shares of Colgate-Palmolive common stock.
• Tsourapas also indirectly owns 4,413 shares through the Issuer's 401(k) Plan Trustee and 49,971 shares through a trust.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of stock transactions. The vesting of PBRSUs suggests positive performance, but the tax withholding is a neutral event. Overall, the sentiment is neutral to slightly positive.

Positives

• The vesting of PBRSUs indicates that performance goals were met, which could be viewed positively.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are routinely disclosed to the SEC. This filing provides transparency into the holdings of a key executive at Colgate-Palmolive.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards, such as the PBRSUs mentioned in the filing.
• Companies like Procter & Gamble (P&G) and Unilever also utilize similar compensation strategies to align executive incentives with company performance.
• The tax withholding process is standard practice when equity awards vest.

Stakeholder Impact

• The stock transactions may have a minor impact on shareholders due to the change in ownership.
• The vesting of PBRSUs could positively impact employees as it reflects the achievement of performance goals.

Key Dates