Form 4: Clorox Executive Sells Shares to Cover Tax Obligations

A Clorox executive, Laurene E. Peck, sold 41 shares of common stock to cover tax obligations related to previously granted restricted stock units.

Summary

• Laurene E. Peck, a Vice President and CAO & Corp Controller at Clorox, sold 41 shares of Clorox common stock on December 19, 2024.
• The sale was executed at a price of $164.13 per share.
• This transaction was to cover employment tax obligations related to previously granted restricted stock units.
• Following the transaction, Ms. Peck directly owns 4,380 shares of Clorox common stock.
• She also indirectly owns 100 shares through a parent's trust.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for companies to withhold shares to cover tax obligations.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Similar transactions are regularly reported by executives at companies like Procter & Gamble (PG) and Colgate-Palmolive (CL), which are Clorox's main competitors.
• These transactions are typically not indicative of a change in the executive's outlook on the company's future performance.

Stakeholder Impact

• This transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Clorox, stock sale, insider trading, executive, tax obligations, restricted stock units, Form 4