Form 4: Procter & Gamble Executive Marc S. Pritchard Reports Stock Option Exercise and Share Sales
SEC Form 4
Chief Brand Officer Marc S. Pritchard reports exercising stock options and selling shares of Procter & Gamble common stock on January 23, 2025.
Summary
- On January 23, 2025, Marc S. Pritchard, Chief Brand Officer of Procter & Gamble, exercised stock options to acquire 90,450 shares of common stock at a price of $85.13 per share.
- Simultaneously, Pritchard sold 90,450 shares of Procter & Gamble common stock at a weighted average price of $163.8367, with prices ranging from $163.39 to $164.34.
- Following these transactions, Pritchard directly owns 172,814.3497 shares of Procter & Gamble common stock.
- Pritchard also indirectly owns shares through various means, including holdings by his daughters, retirement plan trustees, and his wife.
- The filing also reflects an adjustment to PST (presumably a deferred compensation plan) through December 31, 2024, accounting for 46,260.6047 shares held by retirement plan trustees.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like Procter & Gamble, and are comparable to similar filings made by executives at companies like Unilever, Nestle, and Johnson & Johnson.
- The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934, ensuring consistent disclosure across the industry.
Key Dates
| Date | Description |
|---|---|
| 02/27/2018 | Original date the stock options became exercisable |
| 12/31/2024 | Date through which PST adjustment is reflected |
| 01/23/2025 | Date of stock option exercise and share sales |
| 02/27/2025 | Expiration date of the stock options |
| 01/27/2025 | Date of Form 4 filing |
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