Form 4: Procter & Gamble Executive Balaji Purushothaman Reports Stock Transactions
SEC Form 4 Filing
Balaji Purushothaman, Chief Human Resources Officer at Procter & Gamble, reports the acquisition and disposal of company stock and restricted stock units on December 19, 2024.
Summary
- On December 19, 2024, Balaji Purushothaman, the Chief Human Resources Officer of Procter & Gamble, engaged in transactions involving the company's common stock and restricted stock units.
- Purushothaman acquired 31.18 shares of common stock at a price of $169.79 per share.
- Simultaneously, 31.18 shares were disposed of to cover taxes related to a previous restricted stock unit grant.
- Following these transactions, Purushothaman directly owns 11,595.4304 shares of common stock and indirectly owns 4,537.975 shares through a retirement plan trustee.
- Additionally, 31.18 restricted stock units were transacted, with a remaining balance of 404.82 units to be delivered upon retirement.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment.
Future Outlook
The restricted stock units will deliver in shares upon retirement, unless delivery is deferred or shares are contributed to a deferred compensation account.
Industry Context
This filing is a routine disclosure of insider transactions, which are common among executives of publicly traded companies. These transactions are subject to regulatory scrutiny to prevent insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Plan year end date for retirement award in the form of Restricted Stock Units. |
| 12/19/2024 | Date of stock and restricted stock unit transactions. |
| 12/20/2024 | Date of signature for the Form 4 filing. |
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