Colgate (CL) CEO Noel Wallace Sells Shares for Tax Withholding

What Happened Noel R. Wallace, Colgate-Palmolive's Chairman, President & CEO, had a total of 12,479 shares disposed to cover tax liabilities tied to the vesting of restricted stock units. The withholdings occurred across three dates: 4,071 shares on 2026-09-11 ($86.80 each, $353,363), 3,516 shares on 2026-09-12 ($86.80 each, $305,189) and 4,892 shares on 2026-09-13 ($86.80 each, $424,626), for an aggregate value of about $1,083,178. These were tax-withholding disposals (routine), not open-market sales intended as investment decisions.

Key Details

• Transaction dates and prices:
  • 2026-09-11: 4,071 shares withheld @ $86.80 = $353,363
  • 2026-09-12: 3,516 shares withheld @ $86.80 = $305,189
  • 2026-09-13: 4,892 shares withheld @ $86.80 = $424,626
• Total: 12,479 shares; aggregate proceeds ≈ $1,083,178.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: F1 — withholding of shares to pay tax liability incident to RSU vesting under the issuer’s incentive compensation plan.
• Filing date: 2026-09-15. The filing does not indicate a late-report flag.

Context These transactions reflect standard tax withholding upon RSU vesting (code F), effectively a cashless method to cover taxes. Such withholdings are routine administrative events and generally do not signal a change in the insider’s view of the company.