Form 4: Clorox Executive Sells Shares to Cover Tax Obligations

Clorox's Executive Vice President and Chief Operating Officer, Eric H. Reynolds, sold 787 shares of common stock to cover tax obligations.

Summary

• Eric H. Reynolds, the Executive Vice President and Chief Operating Officer of Clorox, sold 787 shares of Clorox common stock on November 14, 2024.
• The sale was executed at a price of $165.75 per share.
• This transaction was to cover tax obligations related to stock awards.
• Following the transaction, Reynolds directly owns 54,335 shares of Clorox common stock, which includes 61 shares acquired through a dividend reinvestment plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by an executive to manage their stock holdings and tax obligations. It is neither positive nor negative for the company's performance.

Industry Context

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

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, particularly around vesting periods or to cover tax obligations.
• The sale by Eric H. Reynolds is similar to transactions seen by executives at comparable companies such as Procter & Gamble (PG) and Colgate-Palmolive (CL), where executives regularly manage their stock holdings.
• These transactions are typically disclosed through SEC Form 4 filings, which is standard practice across the industry.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as it is a routine executive stock sale.

Key Dates

Keywords

Clorox, stock sale, insider trading, executive, Eric H. Reynolds, share transaction, Form 4, SEC filing