Form 4: Clorox Director Paul Gray Parker Acquires Shares and Deferred Stock Units

Director Paul Gray Parker increased his holdings in Clorox through stock acquisition and dividend reinvestment in deferred stock units.

Summary

• On March 28, 2024, Paul Gray Parker, a director of Clorox, acquired 85 shares of Clorox common stock at a price of $153.11 per share.
• Following this transaction, Parker directly owns 802 shares of Clorox common stock.
• Additionally, on February 9, 2024, Parker acquired 25.0921 deferred stock units through dividend reinvestment under the Independent Directors' Deferred Compensation Plan.
• These deferred stock units will be settled in Clorox stock upon Parker's retirement or termination of service as a director, and he holds 3,228.5167 deferred stock units.
• The filing was signed on April 2, 2024, by Cheryl Brice, Attorney-in-Fact.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reports routine stock transactions by a director. The acquisition of shares and deferred stock units can be seen as a mildly positive signal, but it's not a major event.

Positives

• Director's acquisition of shares may signal confidence in the company's future prospects.

Future Outlook

The deferred stock units will be settled 100% in Clorox stock upon the director's retirement or termination of service.

Industry Context

Directors' stock acquisitions are often viewed as a positive sign, indicating confidence in the company's performance and future prospects within the consumer goods industry.

Comparison to Industry Standards

• Comparing director's stock acquisitions to similar transactions at peer companies like Procter & Gamble (PG) or Unilever (UL) can provide context on the scale and frequency of such activities.
• Analyzing the percentage of shares held by insiders relative to the total outstanding shares can also offer insights into management's alignment with shareholder interests.

Related Party Transactions

• The acquisition of deferred stock units through dividend reinvestment under the Independent Directors' Deferred Compensation Plan constitutes a related party transaction.

Stakeholder Impact

• The director's stock acquisition could have a slightly positive impact on shareholder sentiment.

Key Dates