Jennifer Daniels - Feb 15, 2024 Form 4 Insider Report for COLGATE PALMOLIVE CO (CL)

Signature
/s/ Kristine Hutchinson, Attorney-in-Fact
Stock symbol
CL
Transactions as of
Feb 15, 2024
Transactions value $
-$785,687
Form type
4
Date filed
2/20/2024, 05:05 PM
Previous filing
Feb 2, 2024
Next filing
May 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CL Common Stock Award $0 +11K +18.98% $0.00 69K Feb 15, 2024 Direct F1
transaction CL Common Stock Sale -$486K -5.79K -8.39% $83.96 63.2K Feb 16, 2024 Direct F2, F3
transaction CL Common Stock Sale -$300K -3.54K -5.59% $84.67 59.7K Feb 20, 2024 Direct F4, F5
holding CL Common Stock 1.61K Feb 15, 2024 By Issuer's 401(k) Plan Trustee
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents vesting of a previously-granted performance-based restricted stock unit ("PBRSU") that was earned under the issuer's incentive compensation plan based on the achievement of performance goals for a completed performance period. The earned PBRSUs are settled solely in shares of Common Stock.
F2 Sale of shares with proceeds delivered to the issuer for payment of tax liability incident to the vesting of PBRSUs under the issuer's incentive compensation plan. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 22, 2023.
F3 Weighted average price, as these shares were sold in multiple transactions at prices ranging from $83.95 to $83.99, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, additional information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Sale of shares with proceeds delivered to the issuer for payment of tax liability incident to vesting of a restricted stock unit award under the issuer's incentive compensation plan. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 22, 2023.
F5 Weighted average price, as these shares were sold in multiple transactions at prices ranging from $84.59 to $84.69, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, additional information regarding the number of shares sold at each separate price within the range set forth in this footnote.