Clorox (NYSE: CLX) director adds deferred stock units as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clorox director Matthew J. Shattock reported two non-cash awards of Deferred Stock Units. He acquired 550.0838 units on June 30, 2026 and 270.7961 units on May 8, 2026, tied to dividend reinvestment and electing fees in stock under the Independent Directors' Deferred Compensation Plan. These units, which track Clorox common stock 1-for-1, will be settled in Clorox shares when he retires or otherwise leaves the board. Following the most recent award, he directly holds 20,947.1472 Deferred Stock Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shattock Matthew J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 550.084 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 270.796 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 20,947.147 shares (Direct, null)
Footnotes (1)
- 1-for-1 Deferred Stock Units acquired through dividend reinvestment during the fiscal year pursuant to the Independent Directors' Deferred Compensation Plan. The Deferred Stock Units will be settled 100% in Clorox stock in connection with the reporting person's retirement or other termination of service as a Director. Receipt of Deferred Stock Units in lieu of receipt of quarterly director's fees.
Key Figures
Deferred Stock Units granted: 550.0838 units
Deferred Stock Units granted: 270.7961 units
Deferred Stock Units held after latest award: 20,947.1472 units
+1 more
4 metrics
Deferred Stock Units granted
550.0838 units
Grant/award acquisition on June 30, 2026
Deferred Stock Units granted
270.7961 units
Grant/award acquisition on May 8, 2026
Deferred Stock Units held after latest award
20,947.1472 units
Total direct holdings after June 30, 2026 transaction
Price per Deferred Stock Unit
$0.0000
Both June 30, 2026 and May 8, 2026 awards
Key Terms
Deferred Stock Units, Independent Directors' Deferred Compensation Plan, dividend reinvestment, quarterly director's fees
4 terms
Deferred Stock Units financial
"Deferred Stock Units acquired through dividend reinvestment during the fiscal year pursuant to the Independent Directors' Deferred Compensation Plan."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Independent Directors' Deferred Compensation Plan financial
"Deferred Stock Units acquired through dividend reinvestment during the fiscal year pursuant to the Independent Directors' Deferred Compensation Plan."
A deferred compensation plan for independent directors lets outside board members postpone receiving part of their fees or stock awards until a later date, often when they retire or leave the board. Think of it as choosing to put pay into a company-run savings plan that grows and pays out later; it matters to investors because it affects director incentives, future cash or share obligations, and how aligned independent directors are with long-term company performance.
dividend reinvestment financial
"Deferred Stock Units acquired through dividend reinvestment during the fiscal year pursuant to the Independent Directors' Deferred Compensation Plan."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
quarterly director's fees financial
"Receipt of Deferred Stock Units in lieu of receipt of quarterly director's fees."
FAQ
What insider transactions did Clorox (CLX) director Matthew Shattock report?
Matthew J. Shattock reported acquiring Deferred Stock Units in two compensation-related transactions. He received 550.0838 units on June 30, 2026 and 270.7961 units on May 8, 2026, reflecting director fees and dividend reinvestment rather than open-market buying.
Are the recent CLX insider transactions open-market stock purchases or sales?
They are not open-market trades. The Form 4 shows grant or award acquisitions of Deferred Stock Units with a zero dollar price per unit, issued under the Independent Directors' Deferred Compensation Plan, rather than discretionary buying or selling of Clorox common stock.
How many Deferred Stock Units does the CLX director hold after these awards?
After the June 30, 2026 award, Matthew J. Shattock directly holds 20,947.1472 Deferred Stock Units. Each unit is linked 1-for-1 to Clorox common stock and represents a deferred form of equity compensation, settled later instead of immediate cash payments.
What is the nature of the Deferred Stock Units reported for Clorox (CLX)?
The Deferred Stock Units are compensation instruments credited 1-for-1 to Clorox common stock. They arise from dividend reinvestment and electing to receive quarterly director fees in units, and will be settled entirely in Clorox shares upon the director’s retirement or other board service termination.