Form 4: Clorox Executive Sells Shares to Cover Tax Obligations

Laurene E. Peck, VP CAO & Corp Controller at Clorox, sold 90 shares of company stock to cover tax obligations.

Summary

• Laurene E. Peck, a Vice President and CAO & Corp Controller at Clorox, reported a transaction involving the sale of 90 shares of Clorox common stock.
• The sale occurred on November 14, 2024, at a price of $165.75 per share.
• This transaction was to cover tax obligations related to stock awards.
• Following the transaction, Ms. Peck directly owns 4,421 shares and indirectly owns 100 shares through a trust of a parent.
• The report also notes that 4 shares were acquired through a dividend reinvestment feature of the company's Stock Incentive Plan.

Sentiment

Score: 5

Explanation: The document is neutral, reporting a routine stock sale by an executive for tax purposes. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation. It does not indicate any specific trend or issue within the company or the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical executive stock sales for tax purposes.
• Similar filings are regularly made by executives at comparable companies such as Procter & Gamble (PG) and Colgate-Palmolive (CL).

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, Form 4, executive, Laurene E. Peck, tax obligations, share transaction