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

Director Russell J. Weiner reports acquiring additional deferred stock units in The Clorox Company through dividend reinvestment and in lieu of quarterly director's fees.

Summary

• Russell J. Weiner, a director of The Clorox Company, filed a Form 4 detailing changes in beneficial ownership.
• On February 14, 2025, Weiner acquired 117.7661 deferred stock units through dividend reinvestment.
• On March 31, 2025, Weiner acquired 178.2683 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 14,574.6896 deferred stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment due to the director's continued investment in the company.

Positives

• The acquisition of deferred stock units demonstrates the director's continued investment in the company's future.
• Dividend reinvestment indicates confidence in the company's performance and dividend policy.
• Receiving stock units in lieu of fees aligns the director's interests with those of shareholders.

Future Outlook

The deferred stock units will be settled 100% in Clorox stock upon the reporting person's retirement or other termination of service as a Director.

Industry Context

Directors often receive stock-based compensation to align their interests with those of shareholders. This Form 4 filing reflects a common practice of directors accumulating company stock through various means.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice across publicly traded companies.
• The amount of deferred stock units granted to directors varies depending on the company's size, performance, and compensation policies.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize stock-based compensation for their directors.

Stakeholder Impact

• The acquisition of deferred stock units by a director can positively influence shareholder sentiment, as it aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Clorox, Director, Deferred Stock Units, Beneficial Ownership, Form 4, Dividend Reinvestment, Director Compensation