Procter & Gamble CFO Sells Shares to Cover Tax Obligations
Procter & Gamble (PG) Chief Financial Officer Andre Schulten sold 3,914 shares of the company's common stock on October 5, 2026, at a price of $145.34 per share. The transaction was aimed at covering tax obligations arising from the settlement of a Restricted Stock Unit Award.
Following the sale, Schulten's direct holdings in Procter & Gamble common stock stood at 65,618 shares. Additionally, he held 7,604 shares indirectly through the Retirement Plan Trustee, a figure that reflects an adjustment to the Plan through September 30, 2026.
A Restricted Stock Unit Award is a type of compensation where a company promises to give an employee a specified number of shares at a future date, provided certain conditions are met. These awards can influence the total number of shares outstanding and align the interests of employees with those of shareholders.