P&G Chairman Cashes Out Hundreds of Billions After Exercising Stock Options

Jon R. Moeller, chairman of the board of Procter & Gamble Co. (NYSE: PG), exercised stock options on February 11–12 and immediately sold an equivalent 170,000 common shares in the open market, securing about $28 million (roughly ₩40 billion). In the same period, Chief Brand Officer Marc S. Pritchard exercised options on January 23 and disposed of approximately 96,000 shares, reporting proceeds near $14.5 million (around ₩20 billion). Ma. Fatima Francisco, President of Baby, Feminine & Family Care, also voluntarily sold a portion of her stake on February 4. These transactions, all structured as cash-settled trades executed at the time of option exercise, form part of a broader trend of simultaneous share monetizations by P&G’s key executives this year. Nonetheless, each officer continues to hold tens to hundreds of thousands of shares following the sales.

In its fiscal 2026 second-quarter results announced on January 22, P&G reported revenue of $22.2 billion, a 1% year-over-year increase, while organic sales were flat. The company maintained a core earnings per share of $1.88 and reaffirmed its full-year sales and earnings guidance. As of mid-February, P&G’s stock has been trading around $160, more than 10% below its 52-week high set last March.

Procter & Gamble is one of the world’s largest consumer goods companies, with brands such as Pampers, Tide and Gillette, supplying products to about 5 billion consumers in over 180 countries. In January, Indian-born executive Shailesh Jejurikar assumed the role of CEO, while former CEO Jon Moeller transitioned to board chairman, focusing on corporate strategy and supporting the new leadership team.