Company: CL
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001308179-25-000223
Chunk: 43

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 43
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earned PBRSUs 
 that would be considered earned in full and accelerated calculated based on the greater 
 of target level and the level of performance achieved through December 31, 2024.        |

| (8) | Represents                                                                               
 (i) company contributions under the Savings & Investment Plan and Supplemental Savings   
 & Investment Plan with respect to the applicable severance period and (ii) the value     
 of the continuation of medical and dental (and, for Mr. Sutula, life) insurance benefits 
 during the applicable severance period.                                                  |

| (9) | Represents                                                                                
 the value of the continuation of medical and dental (and, for Mr. Sutula, life) insurance 
 benefits for 12 or 18 months, as applicable.                                              |

CEO Pay Ratio Our products are marketed in over 200 countries and territories throughout the world with approximately two-thirds of our net sales generated from markets outside the United States and approximately 45% of net sales coming from emerging markets. Consistent with our global presence, we have a dispersed workforce, with over 80% of our employees based outside the United States in over 100 countries. To attract and retain talent, we seek to pay competitively in each jurisdiction consistent with market practice, resulting in compensation levels that vary from country to country. Our workforce also covers a broad range of functions, including manufacturing employees, and includes both employees who are compensated on a salaried basis and those who are compensated on an hourly basis. For 2024, the median of the annual total compensation of all employees (other than our CEO, Noel Wallace) was $58,123 and the annual total compensation of the CEO, as reported in the Summary Compensation Table on page 45, was $18,234,864. Based on this information, for 2024 the CEO’s annual total compensation was 314 times that of the median of the annual total compensation of all employees. This amount is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K. The above-referenced pay ratio may not be comparable to pay ratios disclosed by other companies, including the companies in the Comparison Group. Pay ratios at different companies may vary due to differences in workforce composition, including geographic breadth, types of work performed and the relative percentages of salaried versus hourly compensated workers. Methodology for Determining the Median Employee and Annual Total Compensation There were no changes to the employee population or employee compensation arrangements in 2024 that we believe would result in a