As the Holiday Season approaches, please note that Monday, December 21, 2020 will be that last day in CY 2020 on which you can exercise stock options.

This applies to all stock options, including those granted pursuant to the Key Manager and STAR programs, and all Recognition Shares grants.

Importantly, please recall that Administration of Stock Options moved to E*TRADE in 2019. If you have not activated your E*TRADE account, please do so.

To confirm, E*TRADE will not process any stock option exercise requests submitted December 22, 2020 through January 3, 2021. Any requests submitted on these days will be processed on January 4, 2021. If you have placed a "Limit Order", please note that that if a limit price is reached between December 22, 2020 through December 31, 2020, it will not execute during that time window. As in prior years, the all system features resume on the first trading of the new CY. This will be January 4, 2021.

For U.S. Payroll purposes, exercises executed on or before close of Market on December 21, 2020 will be reported and taxed in the U.S. as 2020 income. Orders received after this time will not be processed until January 4, 2021; and, therefore, reported and taxed in the U.S. as 2021 income.

All other countries for any December exercises, you should contact the Employee Care Team at Gethelp.im@pg.com to determine in which calendar year this income will be reported.

Please contact E*TRADE with any questions, including assistance in activating your account, if you haven't done so already.

Calling from the US: 1-800-838-0908

Calling from other countries: 1-650-599-0125 or a list of toll free numbers can be found at the following link:https://us.etrade.com/e/t/home/contactus_esp

General questions: www.etrade.com

P&G and Stock Plan Administration have selected E*TRADE Financial Corporate Services, Inc. as our new stock option administrator. Former employees transitioned on January 14, 2019, and current employees transitioned May 20, 2019.

CURRENT EMPLOYEES

What you need to know:

• As of May 20, 2019, E*TRADE's website and contacts will be the only way to exercise your stock options. The current My Stock Options system will remain as a system of record for your stock options, but will no longer offer trading ability.

What you need to do:

• If you haven't already activated your E*TRADE account, please do so as soon as possible. Activation takes approximately 15 minutes online.
• During the Activation process, complete the online certification of your tax withholding status (International participants only, complete Form W-8BEN).
• Access the “E*TRADE Activation Kit” below for screen-by-screen videos, printed activation guides and a pre-recorded training.

FORMER EMPLOYEES

If you have not received the authentication code, please call E*TRADE directly for assistance in activating your account. See contact information.

RSUs and PSUs

• At this time, administration of RSUs and PSUs remains with P&G's Stock Plan Administration. We will provide quarterly account statements to former employees. Current employees can continue to view their account in the "My Stock Options" application within Life & Career. There is no action required of you as RSUs and PSUs vest and release automatically. RSUs and PSUs deliver in shares of stock UNLESS you change your delivery preference to "Sell All".
  • If you want to change your delivery preference and you are an active employee, please go to "My Stock Options" and follow the prompts to confirm your selection in the system. Delivery preferences must be input no later than the day before settlement date to take effect.
  • If you want to change your delivery preference and you are a former employee, please go to "Forms and Other Information" below and find the "RSU Delivery Preference Form". The Preference Form must be received by Stock Plan Administration one week before settlement date to guarantee processing.