Form 4: Clorox Executive Chief of Staff Reports Stock Transaction
SEC Form 4 Filing
Stacey Grier, Executive Chief of Staff at Clorox, reports a transaction involving common stock to cover tax obligations.
Summary
- On March 14, 2024, Stacey Grier, the Executive Chief of Staff of Clorox, had 42 shares of common stock disposed of to satisfy tax obligations.
- The transaction was executed at a price of $151.66 per share.
- Following the transaction, Grier directly owns 12,773 shares of Clorox common stock, which includes 4 shares acquired through a dividend reinvestment plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock transaction for tax purposes, indicating a neutral sentiment.
Positives
- Grier participates in Clorox's Stock Incentive Plan, as evidenced by the dividend reinvestment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and are required by the SEC to ensure transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being disposed of by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of stock transaction (disposal of shares for tax obligations). |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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