Form 4: Clorox Executive Angela C. Hilt Reports Acquisition of Common Stock
SEC Form 4 Filing
EVP and Chief Legal Officer of Clorox, Angela C. Hilt, reports acquiring 5,221 shares of common stock at $164.69 per share on September 17, 2024.
Summary
- On September 17, 2024, Angela C. Hilt, EVP Chief Legal Officer of Clorox, acquired 5,221 shares of Clorox common stock at a price of $164.69 per share.
- Following this transaction, Hilt directly owns 18,663 shares of Clorox common stock.
- Hilt also indirectly owns 506.281 shares through a 401(k) plan.
- The reported transaction also includes restricted stock units that will vest in four equal installments annually from October 5, 2025, through October 5, 2028.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. An executive purchasing shares suggests confidence, but it's a routine filing.
Positives
- An executive acquiring company stock can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Insider transactions are routinely monitored to gauge executive sentiment and potential future performance of the company. Purchases are generally viewed more favorably than sales.
Stakeholder Impact
- The acquisition of shares by a high-ranking executive could positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 09/17/2024 | Date of transaction: Angela C. Hilt acquired Clorox common stock. |
| 09/19/2024 | Date of signature on the Form 4 filing. |
| 10/05/2025 | First vesting date for restricted stock units. |
| 10/05/2026 | Second vesting date for restricted stock units. |
| 10/05/2027 | Third vesting date for restricted stock units. |
| 10/05/2028 | Final vesting date for restricted stock units. |
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