Form 4: Clorox Executive Kevin B. Jacobsen Reports Stock Transaction
SEC Filing
EVP and CFO of Clorox, Kevin B. Jacobsen, reports the withholding of shares to cover tax obligations related to vesting restricted stock.
Summary
- Kevin B. Jacobsen, EVP and Chief Financial Officer of Clorox, filed a Form 4 on September 17, 2024.
- The form details a transaction on September 13, 2024, where 125 shares of common stock were disposed of to cover tax obligations related to the vesting of restricted stock at a price of $166.27 per share.
- Following the transaction, Jacobsen directly owns 33,920 shares of Clorox common stock, which includes 40 shares acquired through a dividend reinvestment plan.
- He also indirectly owns 25 shares through an IRA and 3,145 shares through a trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate a significant change in the executive's holdings or confidence in the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of stock transaction (disposal of shares for tax obligations). |
| 09/17/2024 | Date of Form 4 filing. |
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