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 derivative securities.
Summary
- On August 1, 2024, Balaji Purushothaman, Chief Human Resources Officer of Procter & Gamble, engaged in transactions involving the company's stock.
- He acquired 8,842 shares of common stock at $88.06 and disposed of the same number of shares at a weighted average price of $164.9021.
- The price range for the disposed shares was between $164.90 and $164.92.
- Following these transactions, Purushothaman directly owns 11,536.6537 shares of common stock and indirectly owns 4,494.3805 shares through a retirement plan trustee.
- He also acquired 436 Restricted Stock Units (RSUs) as a retirement award and 2.2098 RSUs as dividend equivalents.
- Additionally, he holds options to buy 8,842 shares of common stock at $88.06, exercisable since September 15, 2019, and expiring on September 15, 2026.
- He indirectly owns 2,776.8492 shares of Series A Preferred Stock through a retirement plan trustee.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the trading activities of insiders, which can be of interest to investors.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The details provided are consistent with SEC requirements for disclosing changes in beneficial ownership.
- Similar filings can be observed for executives at comparable companies like Unilever (UL) and Nestle (NSRGY).
Stakeholder Impact
- The transactions may have a minor impact on shareholders, as they provide insight into executive trading activity.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/21/2004 | 2-for-1 stock split effective date |
| 09/15/2019 | Date stock options became exercisable |
| 05/15/2024 | Date of Restricted Stock Units award |
| 07/16/2024 | Date of adjustment to PST |
| 08/01/2024 | Date of stock acquisition and disposal, and RSU award |
| 08/05/2024 | Date of Form 4 filing |
| 09/15/2026 | Expiration date of stock options |
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