Form 4: P&G Officer Janzaruk Reports Stock Award & Tax Sale

Procter & Gamble's SVP and Chief Accounting Officer, Matthew W. Janzaruk, reported the acquisition of 1,044 shares via a stock award and the subsequent sale of 319 shares to cover taxes.

Summary

• Matthew W. Janzaruk, SVP Chief Accounting Officer of Procter & Gamble Co (PG), reported changes in his beneficial ownership of common stock.
• On August 18, 2025, Mr. Janzaruk acquired 1,044 shares of common stock as a stock award under the issuer's 2019 Stock and Incentive Compensation Plan. These shares were acquired at a price of $0.
• The stock award included a grant of dividend equivalents in the form of Restricted Stock Units (RSUs) settled in common stock.
• Following this acquisition, Mr. Janzaruk directly beneficially owned 2,022.9031 shares.
• On August 19, 2025, Mr. Janzaruk disposed of 319 shares of common stock at a price of $157.2738 per share.
• These shares were sold specifically to cover taxes associated with the stock award.
• After the disposition, Mr. Janzaruk directly beneficially owned 1,703.9031 shares.
• Additionally, Mr. Janzaruk indirectly beneficially owns 3,258.3804 shares through a Retirement Plan Trustee.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation and tax obligations, which are neutral in terms of company performance or strategic direction.

Positives

• Acquisition of 1,044 shares of common stock through a stock award, indicating ongoing equity compensation for a key executive.
• The stock award includes dividend equivalents in the form of Restricted Stock Units (RSUs), enhancing the value of the award.

Negatives

• Sale of 319 shares of common stock to cover taxes, which reduces the executive's direct beneficial ownership.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of insider transactions, common across all publicly traded companies, reflecting executive compensation practices and tax obligations rather than broader industry trends.

Comparison to Industry Standards

• This is a standard Form 4 filing detailing an executive's equity compensation and subsequent tax-related share sale. Such transactions are common practice for executives in large consumer goods companies like Procter & Gamble, aligning executive incentives with shareholder interests through stock awards.
• There are no specific comparable companies or projects mentioned in this filing as it pertains to an individual's compensation.

Related Party Transactions

• The reported transactions involve an executive (Matthew W. Janzaruk) and the company (Procter & Gamble Co), which are by definition related party transactions under SEC rules for insider reporting.

Stakeholder Impact

• Shareholders: The stock award aligns executive incentives with shareholder interests, while the tax-related sale is a common, minor dilution event.
• Employees: No direct impact on general employees.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Keywords

Procter & Gamble, PG, SEC Form 4, Insider Trading, Stock Award, Equity Compensation, Matthew Janzaruk, Chief Accounting Officer, Share Sale, Tax Sale