Form 4: P&G CFO Andre Schulten Reports Stock Transactions
Insider Transaction Report
Procter & Gamble CFO Andre Schulten reported multiple transactions involving common stock and restricted stock units, primarily related to tax withholdings and retirement awards.
Summary
- Chief Financial Officer Andre Schulten reported several transactions on December 3, 2025, involving Procter & Gamble Co. common stock and Restricted Stock Units (RSUs).
- Disposed of 715.5 shares of common stock at a price of $144.35 per share to cover taxes on a previous RSU grant.
- Acquired 88.63 shares of common stock at a price of $144.35 per share through the exercise of derivative securities.
- Disposed of an additional 88.63 shares of common stock at $144.35 per share for tax withholding purposes.
- Further disposed of 68.49 shares of common stock at $144.35 per share for tax withholding.
- Acquired 33.091 Restricted Stock Units (RSUs) on November 17, 2025, as dividend equivalents.
- Acquired 88.63 Restricted Stock Units (RSUs) on December 3, 2025, as a retirement award, computed per the benefit formula for the plan year ended June 30, 2025.
- Following these transactions, direct beneficial ownership of common stock is 53,386.4466 shares, and indirect beneficial ownership via a retirement plan trustee is 6,869.3576 shares.
- Direct beneficial ownership of derivative securities (Restricted Stock Units) is 1,171.37 units.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions related to executive compensation, including tax withholdings and RSU grants, which are standard and do not indicate a significant positive or negative sentiment regarding the company's performance or outlook.
Positives
- Acquisition of 33.091 Restricted Stock Units (RSUs) as dividend equivalents, increasing the executive's long-term equity stake.
- Acquisition of 88.63 Restricted Stock Units (RSUs) as a retirement award, further aligning the executive's interests with shareholders over the long term.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Minimal impact on shareholders as these are standard executive compensation transactions and do not reflect a change in the company's operational or financial performance.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | End of the plan year for which the retirement award in the form of Restricted Stock Units was computed. |
| 11/17/2025 | Date of acquisition for 33.091 Restricted Stock Units (RSUs) as dividend equivalents. |
| 12/03/2025 | Date of multiple transactions including common stock dispositions for tax, common stock acquisition from RSU exercise, and acquisition of 88.63 RSUs as a retirement award. |
| 12/05/2025 | Date the Form 4 was signed by the attorney-in-fact for Andre Schulten. |
Recommendation
holdThe reported transactions are routine insider activities, primarily involving tax withholdings on Restricted Stock Unit (RSU) grants and the receipt of new RSUs as part of executive compensation. These types of filings typically do not signal a change in the company's fundamental outlook or performance, thus a 'hold' recommendation is appropriate as there is no new information to warrant a change in investment strategy.
Keywords
Procter & Gamble, PG, Andre Schulten, CFO, Form 4, Insider Transaction, Stock Transactions, Restricted Stock Units, Common Stock, Tax Withholding, Retirement Award
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