Clorox Insider Laurene Peck Settles 1,418 Performance Shares
Rhea-AI Filing Summary
Laurene E. Peck, Vice President, Chief Accounting Officer & Corporate Controller of Clorox Co (CLX), reported changes in her beneficial ownership on 10/03/2025. She received 1,418 shares on settlement of a 2022 performance unit grant at a reported price of $122.25 per share and elected to defer settlement under the 2005 Stock Incentive Plan. The filing shows share withholding to cover tax obligations: 36 shares withheld for performance stock units and 243 shares withheld for restricted stock, both at $122.25. Following these transactions and including a 186-share dividend reinvestment, total beneficial ownership is reported as 7,271 shares (direct) before certain adjustments and 6,992 shares noted as indirect via a trust of a parent. The form is signed by an attorney-in-fact on 10/07/2025.
Positive
- 1,418 shares settled from a 2022 performance unit grant, reflecting compensation realization
- Election to defer settlement under the 2005 Stock Incentive Plan, indicating tax or cash-flow planning
- 186 shares added via dividend reinvestment, modestly increasing ownership
Negative
- Company withheld 279 shares (36 + 243) to satisfy tax obligations, reducing net received shares
- Reported ownership split includes an indirect holding via a trust, which can complicate direct voting or control visibility
Insights
Vested equity paid out with tax withholding and an election to defer.
The reporting shows settlement of a 2022 performance unit grant on 10/03/2025 for 1,418 shares at $122.25, with the reporting person electing to defer the settlement under the 2005 Stock Incentive Plan. Deferred settlement indicates the executive chose to delay receipt of cash proceeds or shares consistent with plan terms.
Withholdings of 36 and 243 shares to satisfy tax obligations for performance units and restricted stock respectively are standard payroll tax mechanics and reduce net share delivery. Watch any subsequent Form 4s for changes if the deferred balance is settled or if further tax-related share sales occur within the next 12 months.
Insider transactions reflect standard equity compensation administration, not a change in control or extraordinary event.
The transactions are routine: vesting, withholding, dividend reinvestment (186 shares), and reporting of direct and indirect holdings (direct: 7,271; indirect: 6,992 via trust). No options or derivative exercises are reported.
Investors may note the indirect holding via a trust of a parent and the attorney-in-fact signature on 10/07/2025; monitor subsequent filings if the trust structure or ownership levels materially change over the next fiscal quarter.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,418 | $122.25 | $173K |
| Tax Withholding | Common Stock | 36 | $122.25 | $4K |
| Tax Withholding | Common Stock | 243 | $122.25 | $30K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Settlement of 2022 Performance Unit Grant that vested 10/3/25, which the reporting person has elected to defer pursuant to the 2005 Stock Incentive Plan. Withholding of shares by the Company to satisfy tax obligations relating to vesting of performance stock units. Withholding of shares by the Company to satisfy tax obligations relating to vesting of restricted stock. Includes 186 shares acquired pursuant to a dividend reinvestment feature of the Company's Stock Incentive Plan.
