Form 4: Clorox CEO Linda Rendle Reports Stock Transactions
SEC Form 4 Filing
Clorox CEO Linda Rendle reports acquisition and disposal of company stock related to vesting of performance units and tax obligations.
Summary
- On October 4, 2024, Linda Rendle, CEO of Clorox, acquired 32,639 shares of common stock at a price of $161.57 related to the settlement of a 2021 Performance Unit Grant.
- She also disposed of 768 shares at $161.57 to cover certain taxes under the company's Stock Withholding Arrangement.
- Additionally, 2,208 shares were withheld by the company to satisfy tax obligations related to the vesting of restricted stock.
- Following these transactions, Rendle directly owns 133,302 shares of Clorox common stock, which includes 2,778 shares acquired through a dividend reinvestment feature.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock movements.
Key Dates
| Date | Description |
|---|---|
| 10/04/2024 | Date of stock transactions (acquisition and disposal). |
| 10/08/2024 | Date of signature for the Form 4 filing. |
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