Form 4: Clorox Executive Angela C. Hilt Reports Stock Transaction

EVP and Chief Legal Officer of Clorox, Angela C. Hilt, reports a transaction involving common stock due to tax obligations and dividend reinvestment.

Summary

• On September 13, 2024, Angela C. Hilt, EVP Chief Legal Officer of Clorox, reported a transaction involving Clorox common stock.
• 40 shares were disposed of to satisfy tax obligations related to the vesting of restricted stock at a price of $166.27.
• Hilt also indirectly owns 506.281 shares of common stock through a 401(k).
• Following the reported transaction, Hilt beneficially owns 13,442 shares of Clorox common stock directly, which includes 11 shares acquired through dividend reinvestment.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects a routine transaction related to tax obligations and dividend reinvestment. It doesn't indicate any significant positive or negative outlook.

Positives

• The reporting person continues to hold a significant number of shares in the company.
• The reporting person acquired 11 shares through dividend reinvestment.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's perspective on the company's valuation and future prospects. This filing indicates routine tax obligation fulfillment.

Comparison to Industry Standards

• Executive stock ownership and trading activity are common across publicly traded companies like Procter & Gamble (PG) and Unilever (UL).
• Form 4 filings are a standard regulatory requirement for insiders at companies such as Colgate-Palmolive (CL) and Church & Dwight (CHD).
• The level of stock ownership is typical for an executive at a company of Clorox's size.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine transaction.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates