Form 4: Clorox Executive's Tax Withholding on Restricted Stock

Clorox EVP Stacey Grier reported the withholding of 32 common shares to cover tax obligations related to restricted stock vesting, maintaining a beneficial ownership of 32,116 shares.

Summary

• Stacey Grier, EVP Executive Chief of Staff at Clorox Co (CLX), reported a transaction on March 13, 2026.
• The transaction involved the disposition of 32 shares of common stock.
• These shares were withheld by the company to satisfy tax obligations associated with the vesting of restricted stock.
• The price per share for the disposed shares was $108.73.
• Following this transaction, Stacey Grier beneficially owns 32,116 shares of Clorox common stock.
• The reported beneficial ownership includes 10 shares acquired through a dividend reinvestment feature of the Company's Stock Incentive Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative transaction for tax purposes rather than a discretionary investment decision by the executive.

Positives

• The executive's beneficial ownership remains substantial at 32,116 shares, indicating continued alignment with shareholder interests.
• The acquisition of 10 shares through a dividend reinvestment feature demonstrates participation in the company's stock incentive plan and reinvestment of dividends.

Negatives

• A disposition of 32 shares occurred, though this was for tax purposes and not a discretionary sale.

Industry Context

StockSavvy.ai notes that routine Form 4 filings for tax-related dispositions of restricted stock are common across industries, reflecting standard executive compensation practices and tax compliance. This particular filing for Clorox's EVP is consistent with typical insider reporting requirements.

Comparison to Industry Standards

• Tax withholdings on restricted stock vesting are standard practice for executive compensation across publicly traded companies, including peers in the consumer staples sector like Procter & Gamble (PG) or Kimberly-Clark (KMB).
• The reported beneficial ownership of 32,116 shares for an EVP at a company of Clorox's size is within typical ranges for executive equity holdings, aligning executive interests with long-term company performance.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine tax-related disposition, not a discretionary sale indicating a change in confidence. The executive maintains significant equity holdings.
• Employees: No direct impact.

Key Dates

Recommendation

The filing details a routine tax-related disposition of shares by an executive, which is a non-discretionary event and does not signal a change in the company's fundamentals or the executive's confidence. Therefore, it provides no new information to warrant a change in investment recommendation, suggesting a 'hold' position is appropriate based solely on this filing.

Keywords

Clorox, CLX, Stacey Grier, Form 4, Insider Transaction, Restricted Stock, Tax Withholding, Beneficial Ownership, Executive Compensation, Dividend Reinvestment