Form 4: Clorox Executive Sells Shares to Cover Tax Obligations

A Clorox executive, Stacey Grier, sold 471 shares of common stock to cover tax obligations related to stock awards.

Summary

• Stacey Grier, an Executive Vice President and Chief of Staff at Clorox, sold 471 shares of Clorox common stock on November 14, 2024.
• The sale was executed at a price of $165.75 per share.
• This transaction was conducted to cover tax obligations related to stock awards.
• Following the transaction, Grier directly owns 20,038 shares of Clorox common stock, which includes 37 shares acquired through a dividend reinvestment plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by an executive, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

Executive stock sales are a common occurrence and are often related to tax obligations or portfolio diversification. This transaction is not unusual for a company of Clorox's size and structure.

Comparison to Industry Standards

• Executive stock sales are a normal part of compensation and financial planning at most public companies.
• Companies like Procter & Gamble (PG) and Colgate-Palmolive (CL) also see similar transactions by their executives.
• These sales are typically disclosed via SEC filings, ensuring transparency.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, or suppliers.

Key Dates

Keywords

Clorox, stock sale, insider trading, executive, SEC Form 4, share transaction, tax obligations