Form 4: Clorox EVP Kevin B. Jacobsen Reports Stock Transactions

EVP and Chief Financial Officer of Clorox, Kevin B. Jacobsen, reports acquisition and disposal of Clorox shares related to performance unit settlement and tax withholdings.

Summary

• On October 4, 2024, Kevin B. Jacobsen, EVP and Chief Financial Officer of Clorox, reported transactions involving Clorox common stock.
• He acquired 10,613 shares at $161.57 related to the settlement of a 2021 Performance Unit Grant that vested on the same date, which he elected to defer.
• 250 shares were disposed of at $161.57 to cover certain taxes under the company's Stock Withholding Arrangement.
• An additional 500 shares were withheld by the company at $161.57 to satisfy tax obligations related to the vesting of restricted stock.
• Following these transactions, Jacobsen directly owns 50,649 shares of Clorox common stock.
• He also indirectly owns 28 shares through an IRA and 3,145 shares through a trust.
• The report also notes that 914 shares were acquired through a dividend reinvestment feature of the company's Stock Incentive Plan and 3 shares were acquired during the fiscal year pursuant to Individual Retirement Arrangements (IRA) plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine stock transactions related to compensation and tax obligations. The acquisition of shares through vesting is a slightly positive signal.

Positives

• The acquisition of 10,613 shares indicates confidence in the company's future performance, as the performance units vested.
• Dividend reinvestment and IRA contributions show a long-term investment strategy by the executive.

Negatives

• The disposal of shares to cover tax obligations could be seen as a slight negative, although it's a common practice.

Risks

• There are no specific risks highlighted in this document, as it primarily details stock transactions.

Industry Context

Form 4 filings are standard practice for company insiders and provide transparency into their trading activities, which can be informative for investors.

Comparison to Industry Standards

• Executive stock transactions are common across publicly traded companies.
• The details provided in this Form 4 are consistent with SEC regulations and industry standards for insider trading disclosures.
• Comparable companies like Procter & Gamble (PG) and Unilever (UL) also have similar reporting requirements for their executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by providing insight into executive compensation and stock ownership.
• Employees who participate in the Stock Incentive Plan are directly affected by the vesting and tax withholding processes.

Key Dates