CLX Form 4: 15,489 shares vested; tax withholdings reduce net gain
Rhea-AI Filing Summary
Executive stock vesting and tax-related share withholdings: The Chief Operating Officer reported transactions on 10/03/2025 involving 15,489 shares issued upon settlement of a 2022 performance unit grant at an indicated price of $122.25 per share. The filing shows the company withheld 2,755 shares to satisfy tax obligations for restricted stock and 7,436 shares to satisfy tax obligations for performance stock units. After these transactions the reporting person beneficially owned 69,313 shares (including 739 dividend-reinvested shares).
Positive
- Vesting of 2022 performance units converted deferred pay into equity alignment (15,489 shares vested)
- Executive retains meaningful ownership after transactions (69,313 shares beneficially owned)
- Dividend reinvestment used to add 739 shares, indicating continued equity accumulation
Negative
- Large share withholdings for taxes reduced net new shares retained (2,755 restricted + 7,436 performance shares withheld)
- Net change shows disposals in the filing (total disposals recorded across withholding events)
Insights
Vesting aligns an executive with shareholder outcomes but includes significant tax withholdings.
The settlement of a 2022 performance unit grant converted deferred compensation into 15,489 shares on 10/03/2025, increasing the executive's direct holdings before withholdings. The reported price per share is $122.25, which is the transaction reporting reference.
Material dependencies include the number of remaining unvested awards and company compensation policies; monitor future Form 4s and grant disclosures over the next 12 months for additional vesting or sales activity.
Share withholding for taxes reduced net share retention from the vesting event.
The company withheld 2,755 restricted shares and 7,436 performance shares to satisfy tax obligations, a common practice that converts part of equity compensation into tax payments. The net effect left 69,313 shares beneficially owned after the transactions, which includes 739 shares from dividend reinvestment.
Watch for future disclosures on tax-withholding methods and any subsequent open-market sales within 12 months that would further change ownership levels.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,489 | $122.25 | $1.89M |
| Tax Withholding | Common Stock | 2,755 | $122.25 | $337K |
| Tax Withholding | Common Stock | 7,436 | $122.25 | $909K |
Footnotes (1)
- Settlement of 2022 Performance Unit Grant, which vested 10/3/25. Withholding of shares by the Company to satisfy tax obligations relating to vesting of restricted stock. Withholding of shares by the Company to satisfy tax obligations relating to vesting of performance stock units. Includes 739 shares acquired pursuant to a dividend reinvestment feature of the Company's Stock Incentive Plan.