Form 4: Procter & Gamble Executive Gary A. Coombe Reports Stock Sales
SEC Form 4 Filing
Gary A. Coombe, CEO Grooming at Procter & Gamble, reported the sale of company stock to cover taxes and dividend equivalents in the form of Restricted Stock Units (RSUs).
Summary
- Gary A. Coombe, CEO Grooming at Procter & Gamble, filed a Form 4 detailing changes in beneficial ownership.
- On August 21, 2024, Coombe sold 10,128 shares of common stock at a price of $170.5949 per share to cover taxes on a stock award.
- On August 22, 2024, Coombe sold 12,249 shares of common stock at a weighted average price of $170.0289.
- The price range for the August 22nd sale was $170.01 to $170.10, with full details available upon request.
- Coombe also holds 462.4972 shares indirectly through a Retirement Plan Trustee and 1,295.35 shares through the International Stock Ownership Plan & Pension Plan (Switzerland).
- He also acquired 41.3284 Restricted Stock Units (RSUs) on August 15, 2024, which will be settled in common stock upon retirement, unless deferred.
- Following the reported transactions, Coombe directly owns 36,960.9678 shares of Procter & Gamble common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive stock transactions, which is neutral in sentiment.
Future Outlook
The RSUs will deliver in shares upon retirement, unless delivery is deferred or shares are contributed to a deferred compensation account.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. It's important to consider the context of these sales within the broader performance and outlook of the company.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely minimal given the trading volume of Procter & Gamble stock.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Acquisition date of Restricted Stock Units |
| 08/21/2024 | Date of first stock sale |
| 08/22/2024 | Date of second stock sale |
| 08/23/2024 | Date of signature on the Form 4 filing |
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