Insider Trading February 23, 2026

Procter & Gamble Legal Chief Disposes of $288K in Stock; Company Keeps Full-Year Sales Outlook

Susan Street Whaley reduces holdings through planned sale while P&G posts modest EPS beat and maintains revenue guidance

By Sofia Navarro PG
Procter & Gamble Legal Chief Disposes of $288K in Stock; Company Keeps Full-Year Sales Outlook
PG

Susan Street Whaley, Procter & Gamble's Chief Legal Officer and Secretary, sold 1,809 shares on February 19, 2026, in a transaction valued at $288,454. The move leaves her with a combination of directly and indirectly held shares and recent Restricted Stock Unit activity. Separately, Procter & Gamble reported fiscal second-quarter results that slightly outperformed expectations and reiterated its full-year sales growth outlook of 1% to 5% year-over-year, prompting several analyst price-target and rating adjustments.

Key Points

  • Susan Street Whaley sold 1,809 Procter & Gamble shares on February 19, 2026, for $288,454 at $159.4551 per share.
  • After the sale, Whaley directly holds 30,215.0293 shares (including RSU-settled shares) and indirectly holds 6,589.6417 shares via a Retirement Plan Trustee; she also acquired 11.485 RSUs on February 17, 2026 that vest into shares on retirement unless deferred.
  • Procter & Gamble reported fiscal Q2 EPS of $1.88, roughly 1% above consensus, maintained a revenue growth outlook of 1% to 5% year-over-year, and saw multiple analyst price-target and rating changes.

Susan Street Whaley, who serves as Chief Legal Officer and Secretary at Procter & Gamble Co (NYSE:PG), completed a sale of 1,809 shares of the company's common stock on February 19, 2026. The shares were sold at a price of $159.4551 per share, bringing the total value of the transaction to $288,454.

Following the disposition, Whaley's direct holdings in Procter & Gamble total 30,215.0293 shares. That figure incorporates dividend equivalents represented by Restricted Stock Units (RSUs) that are settled in common stock. In addition to her direct ownership, Whaley has an indirect interest of 6,589.6417 shares held by a Retirement Plan Trustee.

Earlier in the week, on February 17, 2026, Whaley acquired 11.485 Restricted Stock Units. According to the terms disclosed, those RSUs will be delivered in the form of shares upon the reporting person's retirement from the company, unless delivery is deferred or the shares are instead transferred into the reporting person’s deferred compensation account.


In corporate results disclosed around the same period, Procter & Gamble reported fiscal second-quarter earnings per share of $1.88, a performance that exceeded consensus estimates by roughly 1%. The company attributed the modest beat to favorable selling, general and administrative (SG&A) items and positive below-the-line items. Management left its sales growth forecast intact for the current financial year, projecting revenues to rise between 1% and 5% year-over-year.

Market participants and sell-side analysts reacted to the quarter with several adjustments to ratings and price targets. Erste Group upgraded the stock to a Buy rating. JPMorgan upgraded its stance to Overweight and raised its price target to $165. UBS lifted its price target to $170 while maintaining a Buy rating. Wells Fargo moved its price target to $165, characterizing the second-quarter results as meeting expectations with the potential for a stronger second half. BofA Securities nudged its price target to $171, citing the company’s reiteration of full-year guidance as a stabilizing factor for investor confidence.

No additional information about the motivations for Whaley’s sale, timing of RSU deliveries beyond their stated conditions, or other insider transactions was provided in the disclosures referenced here.

Risks

  • Revenue growth is guided to a broad range of 1% to 5% year-over-year, indicating uncertainty in top-line performance that affects the consumer staples sector and equity valuations.
  • Analyst rating and price-target changes after the quarter may contribute to short-term stock price volatility, impacting market participants and financial-sector trading activity.
  • Timing and delivery conditions for Restricted Stock Units are conditional - they convert to shares on retirement unless deferred or contributed to a deferred compensation account - creating uncertainty in the ultimate timing of insider share delivery and resulting ownership figures.

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