Company: CL
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001308179-25-000223
Chunk: 29

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 29
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 maximum payouts for each of the two financial components, and the payout relative to the Comparison Group that overall performance at each level would represent for the Named Officers, were as follows:

|                                  |     | Weight |     | Threshold        |     | Target     |     | Maximum         |
| Base                             
 Business Earnings Per Share      |     | 40%    |     |                  |     |            |     |                 |
| Organic                          
 Sales Growth                     |     | 40%    |     |                  |     |            |     |                 |
| Strategic                        
 Initiatives                      |     | 20%    |     | See              
 discussion below |     |            |     |                 |
| Payout                           
 Relative to the Comparison Group |     |        |     | Below            
 10th             
 percentile       |     | 41st       
 to 75th    
 percentile |     | 72nd            
 to above        
 90th percentile |

If Base Business Earnings Per Share was less than $3.25 or organic sales growth was less than 2.0%, no annual bonus would be paid with respect to that component. To the extent performance on either performance measure fell between two applicable values, the applicable payout percentage would be interpolated on a linear basis. Strategic Initiatives (20%) The remaining 20% of the 2024 annual cash bonuses for the Named Officers was determined based on our progress on certain strategic initiatives, measured by considering our overall performance during 2024 on accelerating innovation, driving superior consumer experience, supporting our culture of inclusion and progressing our sustainability initiatives. The strategic measure was selected to further align compensation with our strategic priorities to focus on impactful, premium innovation, ensure consumers receive a superior experience with our brands on store shelves and online, foster a culture where everyone feels they belong and integrate sustainability into our business. Targets for our innovation measures are consistent with our strategic plan and are designed to be challenging but achievable and to encourage strong performance relative to external benchmarks, but are not specifically disclosed due to competitive sensitivity. The strategic measure was payable at 25% for threshold performance, 100% for target performance and 200% for maximum performance, as determined by the P&O Committee. However, in the event our performance on either of the two financial performance measures discussed above was below the threshold level, the strategic measure would be capped at 100%. The chart below shows the performance considered by the P&O Committee during its assessment of our 2024 performance against the strategic goals.

| Goal                |