FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * FergusonMchugh MaryLynn 2. Issuer Name and Ticker or Trading Symbol PROCTER & GAMBLE Co [ PG ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
CEO - Family Care & P&G Ventur
(Last)         (First)         (Middle)
ONE PROCTER & GAMBLE PLAZA
3. Date of Earliest Transaction (MM/DD/YYYY)
11/19/2020
(Street)
CINCINNATI, OH 45202
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  11/19/2020    J(1)    5.024  A $139.1769  26.3359 (2) I  By Spouse, By Retirement Plan Trustees 
Common Stock  11/19/2020    I    26.3359  D $139.1769  0  I  By Spouse, By Retirement Plan Trustees 
Common Stock                 128543.5271 (3) D   
Common Stock                 24554.559 (2) I  By Retirement Plan Trustees 
Common Stock                 134.9927  I  By Spouse 
Common Stock                 28355.9525  I  Mary Lynn Ferguson-McHugh Trust 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Preferred Stock   (4) 9/30/2020    A    V 134.6913       (5)  (5) Common Stock  134.6913  $0  8860.3038  I  By Retirement Plan Trustees 
Restricted Stock Units   (6) 11/16/2020    A    V 101.6596       (7)  (7) Common Stock  101.6596  $0  1982.4056  D   
Series A Preferred Stock   (8) 11/19/2020    J (1)       5.024    (5)  (5) Common Stock  5.024  $139.1769  0  I  By Spouse, By Retirement Plan Trustees 

Explanation of Responses:
(1)  Preferred Stock converted to Common Stock at market price of Common Stock as part of discretionary disposition from employee benefits plan.
(2)  Reflects adjustment to PST through September 30, 2020.
(3)  Total includes grant of dividend equivalents in the form of Restricted Stock Units (RSU's) settled in common stock.
(4)  Higher of $6.82 (adjusted for 2-for-1 stock split effective May 21, 2004) or market price of Common Stock.
(5)  Shares held by Retirement Plan Trustees. If Officer terminates employment and elects distribution of shares, or, if after age 50 elects alternative investment within Plan, Preferred Stock converted/redeemed at specified conversion/exercise price.
(6)  Dividend equivalents in the form of Restricted Stock Units (RSUs) previously awarded pursuant to issuer's retirement program. All such RSUs represent a contingent right to receive Procter & Gamble common stock.
(7)  These units will deliver in shares on retirement from the company, unless delivery is deferred or such shares are contributed to reporting person's deferred compensation account.
(8)  $139.1769

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
FergusonMchugh MaryLynn
ONE PROCTER & GAMBLE PLAZA
CINCINNATI, OH 45202


CEO - Family Care & P&G Ventur

Signatures
/s/ Aaron B. Shepherd, attorney-in-fact for Mary Lynn Ferguson-McHugh 11/23/2020
**Signature of Reporting Person Date
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