Form 4: Clorox Executive Eric H. Reynolds Acquires Shares
SEC Form 4
Eric H. Reynolds, EVP and Chief Operating Officer of Clorox, acquired 7,286 shares of common stock at a price of $164.69 per share on September 17, 2024.
Summary
- On September 17, 2024, Eric H. Reynolds, the EVP Chief Operating Officer of Clorox, acquired 7,286 shares of Clorox common stock.
- The acquisition price was $164.69 per share.
- Following the transaction, Reynolds directly owns 43,676 shares of Clorox common stock.
- Reynolds also holds restricted stock units that vest in four equal installments annually from October 5, 2025, through October 5, 2028.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a standard transaction of an executive acquiring company stock, which is neither overtly positive nor negative.
Positives
- The acquisition of shares by a high-ranking executive could be interpreted as a positive signal about the executive's confidence in the company's future performance.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting schedule of the restricted stock units extends to October 2028, indicating a long-term incentive for the executive.
Industry Context
Executive stock acquisitions are common in publicly traded companies and are often seen as a way to align management's interests with those of shareholders. The size and frequency of these transactions can vary depending on the company's performance and compensation policies.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are standard practice among publicly traded companies like Clorox.
- Comparing Reynolds' stock ownership and recent acquisition to those of executives at similar companies like Procter & Gamble (PG) or Colgate-Palmolive (CL) could provide further context on the significance of this transaction.
Stakeholder Impact
- The stock acquisition could have a slightly positive impact on shareholders if it signals confidence from the executive in the company's future.
Key Dates
| Date | Description |
|---|---|
| 09/17/2024 | Date of transaction: Eric H. Reynolds acquired shares of 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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