Framework Journal · one stock, one dated entry

Recorded 2026-05-15 · Permanent

Procter & Gamble PG

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

The label
Distribution

read at $146.54

Procter & Gamble holds its Distribution at $146.54.

PHINPOOPSC
  • PHPhase · the trend structure carries the Distribution label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · passes the values gate

The investor read · the season, not the day

As held on the ledger · 2026-05-15
PhaseDistribution · caution
Quantitative stateConsolidating, no directional conviction, held for 3 days
Price$146.54
Valuation20.77 trailing · 20.04 forward price to earnings
Values screenPASS · score 84.7
Beta0.40

The trader read · the latest dated commentary

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials (85). The risk-adjusted return profile shows negative risk-adjusted returns. Entered 2026-07-03 · Distribution

The dated journal · newest first, never edited

2026-07-03 Distribution $146.54 +0.0% Entry 2

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials (85). The risk-adjusted return profile shows negative risk-adjusted returns.

2026-07-02 Distribution $146.54 Entry 1

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with strong ethical credentials (85). The risk-adjusted return profile shows negative risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The insider ledger · Form 4 filings, as filed

Most recent filings · PG
DateInsiderTitleTypeSharesValue
2026-03-10 MCEVOY ASHLEY Director 161 ·
2026-03-10 PORTMAN ROBERT JONES Director 193 ·
2026-03-10 PORTMAN ROBERT JONES Director 49 ·
2026-03-10 KEMPCZINSKI CHRISTOPHER J Director 201 ·
2026-03-10 ARNOLD CRAIG Director 161 ·
2026-03-10 JIMENEZ JOSEPH JR Director 273 ·
2026-03-10 MCCARTHY CHRISTINE M. Director 209 ·
2026-02-27 FRANCISCO MA. FATIMA Officer 5,549 $917,199
2026-02-19 WHALEY SUSAN STREET Officer 1,809 $288,454
2026-02-13 AGUILAR MOSES VICTOR JAVIER Officer 15,169 $1,381,441

Public filings, recorded as found. The full tape lives at Insider Intelligence.

The political ledger · congressional disclosures

Disclosures naming PG
DatePoliticianPartyTypeAmount
8 May2026 Ro Khanna Democrat buy 1K–15K
7 May2026 Ro Khanna Democrat sell 1K–15K
2026-04-13 Ro Khanna Democrat Sale 1K–15K
2026-04-13 Ro Khanna Democrat Sale 1K–15K
20 Apr2026 Jonathan Jackson Democrat buy 15K–50K

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $143.36 +4.2% · $1,042 +4.2%
2 months $144.08 +3.7% $1.09 $1,044 +4.4%
3 months $149.38 0.0% $1.09 $1,007 +0.7%
6 months $138.72 +7.7% $2.15 $1,092 +9.2%
1 year $158.29 -5.6% $4.26 $971 -2.9%
2 years $158.79 -5.9% $8.34 $993 -0.7%
3 years $135.59 +10.2% $12.17 $1,191 +19.1%
5 years $118.74 +25.8% $19.37 $1,421 +42.1%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever PG does next, these words stay.

Procter & Gamble · PG · Distribution · $146.54
Recorded 2026-05-15 · before the outcome · scored mechanically

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