Form 4: Procter & Gamble Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Ma. Fatima Francisco, a Procter & Gamble executive, filed a Form 4 detailing changes in beneficial ownership of company stock, including acquisitions of restricted stock units and adjustments to holdings through retirement plans.
Summary
- On August 5, 2024, Ma. Fatima Francisco, CEO Baby, Fem & Family Care at Procter & Gamble, reported changes in beneficial ownership of PG stock.
- The report includes the acquisition of restricted stock units (RSUs) and adjustments to common stock holdings through retirement plans.
- Francisco directly owns 1,491.6179 shares of common stock.
- She indirectly owns 14,970.5057 shares through a retirement plan trustee and 2,709.7713 shares through her spouse and retirement plan trustees.
- She acquired 37.6851 restricted stock units on May 15, 2024, and 103.9225 Series A Preferred Stock on July 16, 2024.
- Additionally, she acquired 995 restricted stock units on August 1, 2024, as a retirement award.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
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
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units as a long-term incentive.
- The amount of RSUs granted is typical for executives at large, publicly traded companies like Procter & Gamble.
- Similar filings are made by executives at comparable companies such as Unilever, Nestle, and Johnson & Johnson.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
- Employees may be interested in the details of the retirement award in the form of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 05/21/2004 | 2-for-1 stock split effective date |
| 05/15/2024 | Acquisition of 37.6851 Restricted Stock Units |
| 06/30/2024 | End of plan year for retirement award calculation |
| 07/16/2024 | Adjustment to PST and Acquisition of 103.9225 Series A Preferred Stock |
| 08/01/2024 | Acquisition of 995 Restricted Stock Units as retirement award |
| 08/05/2024 | Date of Form 4 filing |
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