Executive chairman transacts large share sale and option exercise
Jon R. Moeller, serving as Executive Chairman of the Board at Procter & Gamble Co., executed a sizable equity transaction over two days in February 2026. On February 11 and 12, 2026, Moeller sold a total of 173,268 shares of Procter & Gamble common stock, generating aggregate proceeds of $28.1 million. The sale included a trade at $160.00 on February 11 and additional sales on February 12 at a weighted average price of $162.4486, with individual prices on that day ranging from $162.13 to $162.65.
Concurrently, Moeller exercised stock options to acquire 173,268 shares of Procter & Gamble common stock at an exercise price of $113.23 per share on the same dates. The total value associated with those option exercises is $19.6 million.
Post-transaction ownership snapshot
After completing the sale and the option exercises, Moeller directly holds 319,384.99 shares of Procter & Gamble. In addition to his direct holdings, the filings show indirect ownership positions of 25,001.0511 shares held by Retirement Plan Trustees and 35,421.5707 shares held by his spouse.
Company results and analyst reactions
Procter & Gamble reported fiscal second-quarter results for 2026 that showed a modest beat on earnings per share and a shortfall on revenue. The company posted EPS of $1.88, slightly above the consensus estimate of $1.86. Revenue for the quarter was reported at $22.2 billion, which fell short of the consensus projection of $22.34 billion.
Following the release of the results, several research firms adjusted their views and price targets. UBS raised its price target to $170 and maintained a Buy rating. Wells Fargo moved its target to $165 while keeping an Overweight rating. BofA Securities increased its price target to $171, citing the company’s reiteration of its full-year guidance and maintained a Buy rating. JPMorgan upgraded Procter & Gamble from Neutral to Overweight and set a price target of $165, pointing to optimism about potential for improved organic sales growth and margin enhancements. These analyst actions collectively reflect a constructive outlook among those firms despite mixed quarterly results.
Takeaway
The filings document a coordinated set of transactions by the executive chairman that combined option exercises with stock sales, while the company delivered mixed financial results and received a series of positive analyst updates. The public record shows the precise amounts, prices, and ownership positions described above.
Summary
Jon R. Moeller sold 173,268 Procter & Gamble shares on February 11-12, 2026 for $28.1 million, exercised options to acquire the same number of shares at $113.23 per share for $19.6 million, and now directly owns 319,384.99 shares. Procter & Gamble reported fiscal Q2 EPS of $1.88 on $22.2 billion in revenue; several analysts subsequently raised price targets and ratings.