Form 4: Procter & Gamble Executive Susan Whaley Reports Stock Sale to Cover Taxes

Chief Legal Officer & Secretary of Procter & Gamble, Susan Whaley, reports selling shares to cover taxes related to a stock award.

Summary

• Susan Whaley, Chief Legal Officer & Secretary of Procter & Gamble, filed a Form 4 with the SEC.
• The form details changes in her beneficial ownership of Procter & Gamble stock.
• On August 20, 2024, she sold 450 shares of common stock at a price of $169.219 per share to cover taxes on a stock award.
• Following the transaction, she directly owns 13,072.1201 shares of common stock.
• She also indirectly owns 5,856.5617 shares through a retirement plan trustee.
• Additionally, she acquired 3.1083 Restricted Stock Units (RSUs) on August 15, 2024, which will be settled in common stock upon retirement.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a stock sale for tax purposes, which is neither particularly positive nor negative.

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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a P&G executive sold shares to cover tax obligations, which is a common practice.

Key Dates