Company: CL
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000021665-25-000008
Chunk: 31

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 31
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 authority to issue 50,262,150 shares of preference stock. Stock RepurchasesOn March 10, 2022, the Board authorized the repurchase of shares of the Company’s common stock having an aggregate purchase price of up to $5 billion under a new share repurchase program, which replaced a previously authorized share repurchase program. The Board also has authorized share repurchases on an ongoing basis to fulfill certain requirements of the Company’s compensation and benefit programs. The shares are repurchased from time to time in open market or privately negotiated transactions at the Company’s discretion, subject to market conditions, customary blackout periods and other factors. The Company repurchased its common stock at a cost of $1,739 during 2024.The Company may use either authorized and unissued shares or treasury shares to meet share requirements resulting from the exercise of stock options and the vesting of restricted stock unit awards.A summary of common stock and treasury stock activity for the three years ended December 31 is as follows:  Common Stock OutstandingTreasury StockBalance, January 1, 2022840,480,284 625,226,076 Common stock acquired(17,060,788)17,060,788 Shares issued for stock options5,654,692 (5,654,692)Shares issued for restricted stock units and other1,138,418 (1,138,418)Balance, December 31, 2022830,212,606 635,493,754 Common stock acquired(14,735,909)14,735,909 Shares issued for stock options5,318,430 (5,318,430)Shares issued for restricted stock units and other617,642 (617,642)Balance, December 31, 2023821,412,769 644,293,591 Common stock acquired(18,321,422)18,321,422 Shares issued for stock options8,606,699 (8,606,699)Shares issued for restricted stock units and other876,652 (876,652)Balance, December 31, 2024812,574,698 653,131,662 

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COLGATE-PALMOLIVE COMPANY Notes to Consolidated Financial Statements (continued)(Dollars in Millions Except Share and Per Share Amounts)

Stock-Based CompensationThe Company recognizes the cost of employee services received in exchange for awards of equity instruments, such as stock options