Form 4: Procter & Gamble Executive Susan Whaley Reports Stock Transactions

Susan Whaley, Chief Legal Officer & Secretary of Procter & Gamble, reports acquisition and disposal of company stock and stock options.

Summary

• On October 1, 2024, Susan Whaley acquired 6,903 shares of Procter & Gamble common stock at $0, representing Restricted Stock Units awarded under the company's 2019 Stock and Incentive Compensation Plan.
• On the same day, she acquired 10,944 stock options with an exercise price of $173.04, exercisable from October 1, 2027, to September 29, 2034.
• On October 2, 2024, she disposed of 634 shares of common stock at a price of $171.6541 per share to cover tax obligations upon settlement of the Restricted Stock Unit award.
• Following these transactions, Whaley directly owns 19,341.1201 shares of common stock and indirectly owns 5,856.5617 shares through a retirement plan trustee.
• She also directly owns 10,944 derivative securities in the form of stock options.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions required by regulations. There is no inherent positive or negative implication.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with company performance.

Comparison to Industry Standards

• Insider transactions are common across publicly traded companies like Procter & Gamble.
• Comparing Whaley's transactions to those of executives at similar consumer goods companies (e.g., Unilever, Nestle) would provide context on the scale and frequency of insider trading activity.
• Benchmarking the vesting schedules and exercise prices of stock options against industry norms can reveal whether P&G's compensation practices are competitive.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by providing insight into executive compensation and stock ownership.
• Employees may be affected by the company's stock and incentive compensation plan, which is referenced in the filing.

Key Dates