Daniels Jennifer 4

What Happened
Jennifer Daniels, Chief Legal Officer (CLO) and Secretary of Colgate-Palmolive (CL), exercised 22,000 stock options granted under the company’s incentive plan and then sold those 22,000 shares in the open market. The options were exercised at $72.29 per share (cost = $1,590,380). The shares were sold at a weighted-average price of $94.34 for total proceeds of $2,075,399. A derivative conversion entry at $0 reflects the option-to-share conversion associated with the exercise.

Key Details

• Transaction date: February 4, 2026. Form 4 filed February 6, 2026 (timely filing).
• Exercise: 22,000 shares exercised at $72.29 each (F1: options under issuer incentive plan).
• Sale: 22,000 shares sold in open market at a weighted-average $94.34 (range $94.32–$94.42) for ~$2,075,399 (F3).
• Cash flow/settlement: A portion of sale proceeds was delivered to the issuer to cover the exercise price and tax withholding (F2).
• Vesting note: Options vested in one‑third increments beginning Sept 12, 2020 (per the Sept 12, 2019 grant) (F4).
• Shares owned after the transaction: not specified in this Form 4.

Context
This was a typical option exercise followed by an immediate sale (a cashless exercise), where shares produced by exercising options were sold to cover costs and taxes. Such transactions are common for executives exercising long‑held option grants and are not, by themselves, a clear buy/sell signal about future company prospects. Transaction codes: M = option exercise, S = sale, F = tax withholding/settlement.