Hazlin John 4

What Happened

• John Hazlin, Chief Growth Officer of Colgate-Palmolive (CL), exercised stock options and immediately sold the resulting shares on Feb 10, 2026. He exercised 20,989 options at $76.41 per share (exercise value ≈ $1,603,769) and sold the 20,989 shares in the open market at a weighted average price of $94.25 per share (gross proceeds ≈ $1,978,211). The shares were sold the same day as the exercise, indicating a cashless exercise/sale.

Key Details

• Transaction dates: 2026-02-10 (exercise and sale); filing date: 2026-02-12 (appears timely).
• Exercise: 20,989 options @ $76.41 (total exercise amount ≈ $1,603,769). (F1)
• Sale: 20,989 shares @ weighted avg. $94.25 (gross proceeds ≈ $1,978,211). Prices ranged $94.19–$94.30. (F3)
• Related entries: the option/derivative was converted/exercised and those shares were disposed via sale; a portion of sale proceeds was delivered to the issuer to cover the exercise price and tax withholding. (F2)
• Shares owned after transaction: not disclosed in the provided excerpt.
• Vesting detail: the option became exercisable in one-third increments beginning on the first anniversary of the Sept 10, 2020 grant date. (F4)

Context

• This was a common cashless exercise: options were exercised and the resulting shares were sold the same day, with proceeds used to pay the exercise price and tax withholding. Such transactions are routine for employees exercising vested compensation and do not, by themselves, indicate a change in insider confidence beyond exercising vested awards.
• Transaction codes: M = option exercise/conversion; S = sale.