Company: CL
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001308179-25-000223
Chunk: 27

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 27
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 contributors to our success. In 2024, salaries for the Named Officers other than Mr. Wallace were at approximately the 80th percentile of salaries for similar jobs in the Comparison Group, based on the most recent data available to us. Mr. Wallace’s salary is near the median for CEOs in the Comparison Group.

| 2025            
 Proxy Statement | 37 |

Executive Compensation Annual Incentives Award Opportunities Annual incentive awards are awarded under a stockholder-approved plan. Cash bonuses are designed to reward performance over a one-year period against one or more pre-established performance measures set by the P&O Committee at the beginning of the year. Awards are determined by the P&O Committee based on achievement against the designated goals early in the following year when our audited financial results are available. In addition, the P&O Committee has discretion to adjust calculated awards upward or downward, subject to award limits established by the P&O Committee at the time the performance measures were set. The Named Officers are each assigned a bonus award opportunity, which is based on salary grade level, expressed as a percentage of year-end base salary and generally set near the median of the Comparison Group. Assigned award opportunities are established for each Named Officer to ensure that the portion of annual cash compensation (i.e., salary plus cash bonus) that is based on performance increases with the level of responsibility. For 2024, the Named Officers’ assigned award opportunities and award maximums, which are equal to 200% of the assigned award opportunities, were as follows:

|               |     | Assigned          
 Award Opportunity |     | Maximum           
 Award Opportunity |
| Noel          
 Wallace       |     | 175%              
 of base salary    |     | 350%              
 of base salary    |
| Stanley       
 J. Sutula III |     | 100%              
 of base salary    |     | 200%              
 of base salary    |
| Jennifer      
 M. Daniels    |     | 80%               
 of base salary    |     | 160%              
 of base salary    |
| Prabha        
 Parameswaran  |     | 80%               
 of base salary    |     | 160%              
 of base salary    |
| Panagiotis    
 Tsourapas     |     | 80%               
 of base salary    |     | 160%              
 of base salary    |

The annual cash bonuses for 2024 for the Named Officers were subject to a 10% downward adjustment if certain key global ethics and compliance objectives were