Form 4: Clorox Executive Sells Shares to Cover Tax Obligations

Angela C. Hilt, EVP and Chief Legal Officer at Clorox, sold 740 shares of common stock to cover tax obligations related to stock awards.

Summary

• Angela C. Hilt, an Executive Vice President and Chief Legal Officer at Clorox, sold 740 shares of Clorox common stock on November 15, 2024.
• The sale was executed at a price of $167.64 per share.
• This transaction was to cover tax obligations related to stock awards.
• Following the transaction, Ms. Hilt directly owns 21,129 shares of Clorox common stock.
• She also indirectly owns 567.312 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction and does not indicate any positive or negative sentiment. It is a standard disclosure of an executive stock sale.

Industry Context

This is a routine transaction for executives to manage their tax obligations related to stock-based compensation. It is common for executives to sell shares after vesting to cover taxes.

Comparison to Industry Standards

• Executive stock sales are a common practice across publicly traded companies, particularly after stock options or restricted stock units vest.
• These transactions are typically disclosed via SEC Form 4 filings, which is standard practice for all companies listed on US stock exchanges.
• The sale of 740 shares is not unusual for an executive at a company the size of Clorox.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Clorox, stock sale, insider trading, executive, SEC Form 4, Angela C. Hilt, tax obligations