Form 4: Procter & Gamble CFO Andre Schulten Reports Stock Sale to Cover Taxes

Andre Schulten, CFO of Procter & Gamble, reported the sale of 9,150 shares of common stock to cover taxes on a stock award.

Summary

• On August 20, 2024, Andre Schulten, Chief Financial Officer of Procter & Gamble, sold 9,150 shares of common stock at a price of $169.219 per share.
• The transaction was executed to cover taxes on a stock award.
• Following the transaction, Schulten directly owns 50,249.2045 shares of Procter & Gamble common stock and indirectly owns 6,182.514 shares through a retirement plan trustee.
• He also holds 101.7017 Restricted Stock Units (RSUs) which will deliver in shares upon retirement.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock transaction, which is neutral in sentiment.

Future Outlook

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

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a common occurrence for publicly traded companies like Procter & Gamble. It provides transparency into the trading activities of the company's executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The sale of shares to cover tax obligations is a common financial planning strategy among corporate executives.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates