Form 4: Procter & Gamble Executive Shailesh Jejurikar Reports Changes in Beneficial Ownership
SEC Form 4
Chief Operating Officer Shailesh Jejurikar reports transactions involving Procter & Gamble common stock and restricted stock units.
Summary
- On August 5, 2024, Shailesh Jejurikar, Chief Operating Officer of Procter & Gamble, filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's securities.
- The report includes transactions related to common stock and restricted stock units (RSUs).
- Jejurikar directly owns 9,797.6395 shares of common stock, including dividend equivalents in the form of RSUs.
- He indirectly owns 2,902.3575 shares through a retirement plan trustee, adjusted through July 16, 2024.
- He also indirectly owns 19,757 shares through the Sankhya S Jejurikar Revocable Trust and 0 shares through the Shailesh Jejurikar Trust and Shailesh Jejurikar 2021 Irrevocable Grantor Retained Annuity Trust after a transfer of 6,678 shares.
- Jejurikar was awarded 649 restricted stock units on August 1, 2024, as a retirement award.
- He also holds 433.0939 direct and 1,000.7206 indirect Series A Preferred Stock through a retirement plan trustee.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to investors.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) as a long-term incentive.
- Companies like Unilever, Nestle, and Johnson & Johnson also utilize RSUs in their executive compensation plans.
- The specific number of RSUs granted and the vesting schedules vary based on company performance and individual contributions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the executive's holdings and transactions.
- It can influence investor sentiment depending on the nature and volume of transactions.
Key Dates
| Date | Description |
|---|---|
| 05/21/2004 | 2-for-1 stock split effective date |
| 07/16/2024 | Adjustment to PST through this date |
| 08/01/2024 | Date of restricted stock unit award |
| 08/05/2024 | Date of Form 4 filing |
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