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

Laurene E. Peck, VP CAO & Corp Controller at Clorox, reports the withholding of shares to cover tax obligations and dividend reinvestment.

Summary

• Laurene E. Peck, a VP CAO & Corp Controller at Clorox, filed a Form 4 on September 17, 2024.
• The report details changes in beneficial ownership of Clorox stock.
• On September 13, 2024, 20 shares of common stock were disposed of to satisfy tax obligations at a price of $166.27 per share.
• Peck also owns 100 shares indirectly through a trust of a parent.
• The report also mentions that 6 shares were acquired pursuant to a dividend reinvestment feature of the Company's Stock Incentive Plan.
• Following the reported transactions, Peck beneficially owns 3,011 shares directly.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects routine transactions related to tax obligations and dividend reinvestment.

Positives

• The reporting person participates in the company's Stock Incentive Plan, as evidenced by the dividend reinvestment.
• The reporting person directly owns a significant number of shares in the company.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares.
• The transactions do not have a significant impact on employees, customers, suppliers, or creditors.

Key Dates