Form 4: Clorox Director Russell J. Weiner Reports Acquisition of Deferred Stock Units

Director Russell J. Weiner reports the acquisition of deferred stock units in Clorox Co.

Summary

• Russell J. Weiner, a director of Clorox Co, filed a Form 4 detailing changes in beneficial ownership.
• On November 7, 2024, Weiner acquired 97.5785 deferred stock units through dividend reinvestment.
• On December 31, 2024, Weiner acquired 1,000.7162 deferred stock units as an annual award under the 2005 Stock Incentive Plan.
• Also on December 31, 2024, Weiner received 161.628 deferred stock units in lieu of quarterly director's fees.
• The deferred stock units will be settled in Clorox stock upon Weiner's retirement or termination of service as a director.
• Following these transactions, Weiner beneficially owns 14,278.6552 deferred stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock unit acquisitions, indicating continued investment by a director, but doesn't necessarily signal a major shift in the company's outlook.

Positives

• The acquisition of deferred stock units through dividend reinvestment and annual awards demonstrates a continued investment in the company by a director.
• Receiving stock units in lieu of fees aligns the director's interests with those of the shareholders.

Future Outlook

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. These filings are closely monitored by investors to gauge management's sentiment and confidence in the company's prospects.

Comparison to Industry Standards

• Director compensation packages often include deferred stock units to align the interests of directors with long-term shareholder value.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize similar stock-based compensation plans for their directors.
• The specific amount of deferred stock units awarded varies based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The acquisition of deferred stock units by a director can be viewed positively by shareholders as it aligns management's interests with the long-term success of the company.

Key Dates