SUTULA STANLEY J III 4

What Happened
Stanley J. Sutula III, Chief Financial Officer of Colgate-Palmolive Co. (CL), exercised 97,843 stock options and immediately sold those 97,843 shares on Feb 4, 2026. The exercise price totaled $8,001,601 (97,843 shares × $81.78). The subsequent sale was executed at a weighted-average price of $94.27 per share, generating gross proceeds of $9,223,288. The gross spread between the sale and the exercise cost was about $1,221,687, though a portion of the proceeds was used to pay the exercise price and tax withholding per the filing.

Key Details

• Transaction date: 2026-02-04 (filed with SEC on 2026-02-06; appears timely).
• Options exercised: 97,843 shares at $81.78 each (total cost ~$8.00M).
• Shares sold: 97,843 at a weighted-average price of $94.27 (range $93.97–$94.53) for gross proceeds ~$9.22M.
• Gross spread (sale minus exercise): ≈ $1.22M before taxes/withholding.
• Footnotes: F1 = options awarded under the issuer’s incentive plan; F2 = portion of sale proceeds delivered to issuer to cover exercise price and tax withholding (cashless exercise); F3 = sale prices ranged $93.97–$94.53; F4 = options vested in one‑third increments beginning Nov 9, 2021.
• Shares owned after transaction: not specified in the provided filing summary.

Context
This is a routine cashless exercise and sale: the CFO exercised vested incentive-plan options and simultaneously sold the resulting shares, with some proceeds used to cover the exercise cost and tax withholding. Such transactions are common for executives to monetize options and do not, by themselves, reliably indicate a change in the insider’s view of the company.