Form 4: Clorox Executive Laurene E. Peck Reports Stock Transactions

Laurene E. Peck, VP CAO & Corp Controller of Clorox, reports acquisition and disposal of Clorox common stock on October 4, 2024, according to a Form 4 filing with the SEC.

Summary

• Laurene E. Peck, VP CAO & Corp Controller of Clorox, filed a Form 4 with the SEC.
• On October 4, 2024, Peck acquired 1,105 shares of Clorox common stock at $161.57 per share due to the settlement of a 2021 Performance Unit Grant.
• On the same day, 80 shares were withheld by the company to cover tax obligations related to the vesting of restricted stock at $161.57 per share.
• Additionally, 383 shares were withheld to pay tax liability under the company's Stock Withholding Arrangement at $161.57 per share.
• Following these transactions, Peck directly owns 4,511 shares of Clorox common stock and indirectly owns 100 shares through a trust of parent.
• 62 shares were acquired pursuant to a dividend reinvestment feature of the Company's Stock Incentive Plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing primarily reflects routine stock transactions related to executive compensation and tax obligations.

Positives

• The acquisition of shares through the vesting of performance units and dividend reinvestment indicates confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on market sentiment.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership of a company executive.

Key Dates