Form 4: Clorox Director Boosts Stake with Deferred Stock Units

Clorox Director Pierre R. Breber acquired additional deferred stock units through dividend reinvestment, annual awards, and in lieu of director fees, increasing his beneficial ownership.

Summary

• Pierre R. Breber, a Director of The Clorox Company (CLX), reported acquisitions of Deferred Stock Units (DSUs).
• On November 6, 2025, 8.9351 DSUs were acquired through dividend reinvestment under the Independent Directors' Deferred Compensation Plan.
• On December 31, 2025, 1,637.8577 DSUs were acquired as an annual award pursuant to the 2005 Stock Incentive Plan.
• Also on December 31, 2025, 334.7218 DSUs were received in lieu of quarterly director's fees.
• The Deferred Stock Units will be settled 100% in Clorox common stock upon Breber's retirement or other termination of service as a Director.
• Following these transactions, Breber's direct beneficial ownership of Deferred Stock Units increased to 2,747.3393.

Sentiment

Score: 7

Explanation: The filing indicates a director's increased beneficial ownership through various compensation mechanisms, aligning their interests with shareholders. This is generally viewed positively as it demonstrates confidence, though it's a routine compensation disclosure rather than a strategic move.

Positives

• Increased beneficial ownership by a director aligns their interests with those of shareholders, potentially signaling confidence in the company's long-term performance.
• The acquisition of units through dividend reinvestment and in lieu of fees demonstrates a commitment to holding company equity.

Future Outlook

The Deferred Stock Units acquired by Director Pierre R. Breber are scheduled to be settled 100% in Clorox common stock upon his retirement or other termination of service as a Director.

Industry Context

Director compensation often includes equity awards like Deferred Stock Units to align the interests of board members with long-term shareholder value. These types of disclosures are standard for publicly traded companies.

Corporate Governance

Related Party Transactions

• Acquisition of Deferred Stock Units by a director as part of their compensation package, including annual awards, dividend reinvestment, and in lieu of cash fees.

Stakeholder Impact

• Shareholders: Increased alignment of a director's financial interests with long-term shareholder value due to increased equity ownership.
• Employees: No direct impact mentioned.

Next Steps

• Settlement of Deferred Stock Units in Clorox common stock upon the reporting person's retirement or termination of service as a Director.

Key Dates

Keywords

CLX, Clorox, Form 4, Insider Transaction, Director Compensation, Deferred Stock Units, Equity Awards, Corporate Governance