Company: CL
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001308179-25-000223
Chunk: 34

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 34
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 addition, we prohibit our directors and officers from pledging Colgate securities. During 2024, all of the Named Officers were in compliance with both the anti-hedging and anti-pledging policies. A copy of our insider trading policy was filed as Exhibit 19 to our Annual Report on Form 10-K for the year ended December 31, 2024.

| 2025            
 Proxy Statement | 43 |

Executive Compensation Clawback Policies In accordance with NYSE listing standards, the Board has adopted a mandatory clawback policy that requires us to recoup excess incentive compensation paid to our executive officers as a result of a financial restatement, regardless of any misconduct or fault on the part of the executive officer. We also continue to maintain a broader, discretionary clawback policy that permits us to recoup cash and equity incentive compensation (both time-based and performance-based) made to our executive officers and other executives subject to the policy in the event of a financial restatement or if the executive engaged in conduct that violates our Code of Conduct. In addition, our equity award agreements include non-competition, non-solicitation and non-interference restrictions in the event of an employee’s departure from Colgate. Failure to comply with any of these requirements may result in forfeiture and/or cancellation of equity awards.

| Advisory                                                                                        
 Vote on Executive Compensation                                                                  
 Our                                                                                             
 executive compensation program received substantial stockholder support and was approved, on an 
 advisory basis, by 86.7% of stockholders voting on the proposal at the 2024 Annual Meeting of   
 Stockholders. The P&O Committee believes that this result reflects the stockholders’            
 support for the compensation decisions made by the P&O Committee for our Named Officers. See    
 pages 24 to 25 for information regarding our                                                    
 stockholder engagement efforts on compensation and other matters.                               |

Conclusion In summary, the P&O Committee believes in aligning pay and performance. Thus, its approach to executive compensation is guided by the principle that executives should have the potential for increased compensation when performance objectives are exceeded, provided that compensation decreases if performance objectives are not met. P&O Committee Report The P&O Committee has reviewed and discussed with management the foregoing Compensation Discussion and Analysis and, based on such review and discussion, recommended to the Board of Directors that the Compensation Discussion and Analysis be included in our Annual Report on Form 10-K for the year ended December 31, 2024 and this Proxy Statement. The foregoing P&O Committee report has been submitted