Form 4: Clorox Executive Angela C. Hilt Sells Shares Under Pre-Planned Trading Program

EVP and Chief Legal Officer of Clorox, Angela C. Hilt, sold 1,733 shares of common stock at a price of $165.5177 per share on September 6, 2024, under a pre-planned trading program.

Summary

• On September 6, 2024, Angela C. Hilt, EVP and Chief Legal Officer of Clorox, sold 1,733 shares of Clorox common stock.
• The sale was executed at a price of $165.5177 per share.
• The transaction was conducted under a pre-planned trading program adopted on June 7, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
• Following the transaction, Hilt directly owns 13,471 shares of Clorox common stock and indirectly owns 506.281 shares through a 401(k).

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sale was conducted under a pre-planned trading program, suggesting it was not based on any specific positive or negative information about the company.

Industry Context

Sales by company executives are a normal part of corporate activity. Investors often look to the reasons behind these sales, such as diversification or planned expenses. Sales under 10b5-1 plans are less likely to be driven by insider information.

Stakeholder Impact

• The sale of shares by an executive could have a minor psychological impact on shareholders, but the pre-planned nature of the sale mitigates concerns about insider information.

Key Dates