Form 4: Clorox CFO Kevin B. Jacobsen Sells Shares for Tax Obligations

Clorox's EVP and Chief Financial Officer, Kevin B. Jacobsen, disposed of 698 shares of common stock to cover tax obligations.

Summary

• Kevin B. Jacobsen, the EVP and Chief Financial Officer of Clorox, sold 698 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 stock awards.
• Following the transaction, Jacobsen directly owns 49,951 shares of Clorox common stock.
• He also indirectly owns 28 shares through an IRA and 3,145 shares through a trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive stock sale for tax purposes. It does not indicate any positive or negative sentiment about the company's performance or future outlook.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It does not indicate any specific trend or issue within the consumer goods industry.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, including Clorox's peers such as Procter & Gamble (PG), Colgate-Palmolive (CL), and Kimberly-Clark (KMB).
• These transactions are often related to tax obligations or personal financial planning and are typically disclosed through SEC Form 4 filings.
• The volume of shares sold by Jacobsen is relatively small compared to the total outstanding shares of Clorox, and is not unusual for executive transactions.

Stakeholder Impact

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

Key Dates

Keywords

Clorox, Kevin B. Jacobsen, stock sale, insider trading, Form 4, executive compensation, tax obligations