Form 4: Clorox CEO Linda Rendle Sells Shares to Cover Tax Obligations

Clorox CEO Linda Rendle disposed of 3,276 shares of common stock to cover tax obligations related to stock awards.

Summary

• Linda Rendle, the CEO of Clorox, sold 3,276 shares of Clorox common stock on November 14, 2024.
• The sale was executed at a price of $165.75 per share.
• This transaction was to cover tax obligations related to the vesting of stock awards.
• Following the transaction, Ms. Rendle directly owns 130,026 shares of Clorox common stock.
• This includes 199 shares acquired through a dividend reinvestment plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction, not indicative of positive or negative sentiment. It's a standard practice for executives.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when stock options or restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Many companies use similar stock incentive plans, and executives often sell shares to manage their personal finances and tax liabilities.
• The sale by Linda Rendle is consistent with standard practices for executives at comparable companies.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Clorox, Linda Rendle, stock sale, insider trading, SEC Form 4, executive compensation, tax obligations