Moeller Jon R 4

What Happened

• Jon R. Moeller, Executive Chairman of Procter & Gamble (PG), exercised stock options and immediately sold the resulting shares (a cashless-style exercise and sale). Over Feb 11–12, 2026 he exercised a total of 173,268 shares (acquired at $113.23 per share) and sold all 173,268 shares in open-market transactions.
• Breakdown: Feb 11 — 11,036 shares exercised at $113.23 (cost $1,249,606) and sold at $160.00 (gross proceeds $1,765,760). Feb 12 — 162,232 shares exercised at $113.23 (cost $18,369,529) and sold at $162.45 (gross proceeds $26,354,361). Combined exercise cost ≈ $19.62M; combined gross sale proceeds ≈ $28.12M.

Key Details

• Transaction dates/prices: Feb 11 (exercise $113.23; sale $160.00), Feb 12 (exercise $113.23; sale weighted avg $162.45; sale price range reported $162.13–$162.65 for related trades). (Footnote: full per-price breakdown available on request.)
• Total shares transacted: 173,268 shares exercised and 173,268 shares sold.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 notes weighted-average sale prices and a reported price range; F2 reflects an adjustment to PST through 12/31/2025.
• Filing timeliness: Report filed 2026-02-13 for trades on 2026-02-11/12 — appears timely under Form 4 reporting rules.

Context

• This was an option exercise followed by immediate sales (cashless exercise pattern), which is routine for executives realizing value from vested options and does not by itself indicate a change in company outlook.
• Derivative reporting lines showing $0 disposals reflect the mechanics of option cancellation/settlement upon exercise and sale, not a separate cash sale.