Colgate-Palmolive board adopts policy limiting executive cash severance to 2.99x compensation

COLGATE PALMOLIVE CO

Board approved policy capping new cash severance at 2.99x base salary plus target bonus, effective April 8, 2022.
Any severance agreement exceeding that cap requires stockholder ratification.
Policy covers termination payments, consulting fees, non-compete payments, excess plan payments, and tax offsets.
Excluded from cap: equity awards, retirement benefits, perquisites, insurance, and deferred compensation.
Policy follows engagement with stockholders on executive compensation practices.

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