Clorox (CLX) CFO Luc Bellet reports tax withholding of vested shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clorox Co (CLX) EVP and CFO Luc Bellet reported a routine tax-related share disposition. On vesting of restricted stock, the company withheld 244 shares of common stock at $103.63 per share to cover tax obligations, rather than selling shares in the open market.
After this withholding, Bellet directly holds 20,638 shares of Clorox common stock. Footnotes also note that this total includes 18 shares acquired through a dividend reinvestment feature under the company’s Stock Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bellet Luc
Role
EVP - Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 244 | $103.63 | $25K |
Holdings After Transaction:
Common Stock — 20,638 shares (Direct)
Footnotes (1)
- Withholding of shares by the Company to satisfy tax obligations applicable to vesting of restricted stock. Includes 18 shares acquired pursuant to a dividend reinvestment feature of the Company's Stock Incentive Plan.
Key Figures
Shares withheld for taxes: 244 shares
Withholding price per share: $103.63 per share
Shares held after transaction: 20,638 shares
+1 more
4 metrics
Shares withheld for taxes
244 shares
Tax-withholding disposition on restricted stock vesting
Withholding price per share
$103.63 per share
Value used for 244-share tax withholding
Shares held after transaction
20,638 shares
Direct Clorox common stock holdings after withholding
Dividend reinvestment shares
18 shares
Portion of holdings from Stock Incentive Plan dividend reinvestment
Key Terms
restricted stock, dividend reinvestment, Stock Incentive Plan, tax-withholding disposition
4 terms
restricted stock financial
"Withholding of shares by the Company to satisfy tax obligations applicable to vesting of restricted stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
dividend reinvestment financial
"Includes 18 shares acquired pursuant to a dividend reinvestment feature of the Company's Stock Incentive 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.
Stock Incentive Plan financial
"Includes 18 shares acquired pursuant to a dividend reinvestment feature of the Company's Stock Incentive Plan."
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did CLOROX CO (CLX) CFO Luc Bellet report?
Luc Bellet reported a tax-related share disposition, where 244 Clorox common shares were withheld at $103.63 per share to satisfy tax obligations on restricted stock vesting, rather than an open-market sale or discretionary trade.
Was the Luc Bellet Form 4 transaction in CLX an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Clorox withheld 244 vested shares to cover applicable tax obligations, a mechanical process commonly tied to restricted stock vesting events.
What does the F transaction code mean in the Luc Bellet CLX Form 4?
The F transaction code indicates payment of tax liability or exercise price by delivering securities. In this case, Clorox withheld 244 vested shares to satisfy Bellet’s tax obligations on restricted stock, rather than him selling shares on the market.