Form 4: Clorox Executive Sells Shares Under Pre-Planned Trading Program

A Clorox executive, Angela C. Hilt, sold a portion of her shares under a pre-planned trading program, while also having shares withheld for tax obligations.

Summary

• Angela C. Hilt, an Executive Vice President and Chief Legal Officer at Clorox, has reported several transactions involving Clorox common stock.
• On December 13, 2024, 62 shares were withheld by the company to cover tax obligations related to vesting restricted stock.
• On December 16, 2024, Ms. Hilt sold 329 shares at a weighted average price of $166.071 per share.
• Also on December 16, 2024, she sold 919 shares at a weighted average price of $165.381 per share.
• These sales were executed under a pre-planned trading program adopted on June 7, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
• Following these transactions, Ms. Hilt directly owns 20,752 shares and indirectly owns 567.312 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-planned trading program, with no indication of positive or negative sentiment.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, although these sales were part of a pre-planned program.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

Executive stock transactions are a common occurrence and are often part of pre-planned trading programs to manage personal finances and comply with insider trading regulations. This filing is a routine disclosure of such activity.

Comparison to Industry Standards

• The use of Rule 10b5-1 trading plans is a standard practice among executives at publicly traded companies, including Clorox's competitors such as Procter & Gamble (PG) and Colgate-Palmolive (CL).
• These plans allow executives to sell shares without being accused of trading on inside information.
• The reported transactions are consistent with typical executive stock sales and do not indicate any unusual activity compared to industry norms.

Stakeholder Impact

• The stock sales may have a minor impact on the share price, but the pre-planned nature of the transactions should mitigate any significant negative reaction from shareholders.

Key Dates

Keywords

Clorox, stock sale, insider trading, Form 4, executive, Rule 10b5-1, Angela C. Hilt, pre-planned trading program