COSTCostco
Deals with insiders in the proxy filed 2025-12-04
Deals between COST and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2024-12-11.
CERTAIN RELATIONSHIPS AND TRANSACTIONS“W. Richard Wilcox, Executive Vice President, Chief Operating Officer, Southwest Division, has a son who was employed by the Company during fiscal 2025, with annual compensation of $113,038 and a grant of 20 RSUs.”
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CERTAIN RELATIONSHIPS AND TRANSACTIONS“Richard Galanti, former Chief Financial Officer and former director, has a son employed by a vendor of the Company from which the Company purchased approximately $8.6 million of product during fiscal 2025. Mr. Galanti’s son received approximately $204,282 in related commissions from the vendor.”
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New wording of the review policy 1 paragraph without an amount or a name
CERTAIN RELATIONSHIPS AND TRANSACTIONS“No family members of executive officers or directors are executive officers of the Company.”
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The whole section
7 paragraphs quoted as filed
CERTAIN RELATIONSHIPS AND TRANSACTIONS“Jim Klauer, Executive Vice President, Chief Operating Officer, Northern Division, has a daughter-in-law who was employed by the Company during fiscal 2025, with annual compensation of $199,259.”
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CERTAIN RELATIONSHIPS AND TRANSACTIONS“Teresa Jones, Executive Vice President, Global Depots and Traffic, has three brothers who were employed by the Company during fiscal 2025: one with annual compensation of $251,480 and a grant of 555 RSUs; one with annual compensation of $156,662 and a grant of 139 RSUs; and one with annual compensation of $141,399 and a grant of 139 RSUs.”
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CERTAIN RELATIONSHIPS AND TRANSACTIONS“W. Richard Wilcox, Executive Vice President, Chief Operating Officer, Southwest Division, has a son who was employed by the Company during fiscal 2025, with annual compensation of $113,038 and a grant of 20 RSUs.”
Read it in the proxy ↗
CERTAIN RELATIONSHIPS AND TRANSACTIONS“Richard Galanti, former Chief Financial Officer and former director, has a son employed by a vendor of the Company from which the Company purchased approximately $8.6 million of product during fiscal 2025. Mr. Galanti’s son received approximately $204,282 in related commissions from the vendor.”
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CERTAIN RELATIONSHIPS AND TRANSACTIONS“All related persons employed by the Company listed above participated in benefit plans generally available to employees in comparable positions under similar terms and conditions.”
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CERTAIN RELATIONSHIPS AND TRANSACTIONS“These relationships and related transactions were approved by the Audit Committee. The charter of the Audit Committee requires the Committee to review and approve all related-person transactions that are required to be disclosed under Item 404(a) of Regulation S-K. There were no transactions required to be reported in this Proxy Statement since the beginning of fiscal 2025 where this policy did not require review, approval or ratification or where this policy was not followed.”
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CERTAIN RELATIONSHIPS AND TRANSACTIONS“No family members of executive officers or directors are executive officers of the Company.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗