Clorox (NYSE: CLX) director receives new deferred stock units awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clorox director Stephanie Plaines reported routine compensation-related awards of deferred stock units, not open-market trades. She acquired 288.1391 deferred stock units on June 30, 2026 and 103.9395 units on May 8, 2026, both at a stated price of $0.
The units were granted under the Independent Directors' Deferred Compensation Plan, including amounts acquired through dividend reinvestment and in lieu of quarterly director fees. After these awards, she held a total of 8,117.1272 deferred stock units, which will be settled entirely in Clorox common stock when she retires from, or otherwise leaves, the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Plaines Stephanie
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 288.139 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 103.94 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 8,117.127 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: 288.1391 units
Deferred stock units granted: 103.9395 units
Total deferred stock units held: 8,117.1272 units
+2 more
5 metrics
Deferred stock units granted
288.1391 units
Award on June 30, 2026
Deferred stock units granted
103.9395 units
Award on May 8, 2026
Total deferred stock units held
8,117.1272 units
Holdings after June 30, 2026 award
Price per deferred unit
$0.0000 per unit
Both reported awards
Underlying common stock
1-for-1 ratio
Each deferred unit to one CLX share at settlement
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 did Clorox (CLX) director Stephanie Plaines report in this Form 4?
Stephanie Plaines reported receiving additional deferred stock units as part of her director compensation at Clorox. The awards reflect routine grants, including dividend reinvestment and fee deferrals, with no open-market buying or selling of Clorox common stock disclosed in this filing.
How many deferred stock units did Stephanie Plaines receive from Clorox (CLX)?
She received 288.1391 deferred stock units on June 30, 2026 and 103.9395 units on May 8, 2026. These awards increased her total deferred stock unit holdings to 8,117.1272 units, all linked on a one-for-one basis to Clorox common stock.
Are the Clorox (CLX) deferred stock units a market purchase or sale?
The deferred stock units are compensation-related awards, not market purchases or sales. They were received through dividend reinvestment and in lieu of quarterly director fees under Clorox’s Independent Directors' Deferred Compensation Plan, at a stated price of $0 per unit.
When will Stephanie Plaines’s Clorox (CLX) deferred stock units be settled?
The deferred stock units will be settled entirely in Clorox common stock upon her retirement or other termination of service as a director. Until then, they remain deferred awards linked to the company’s stock rather than immediately deliverable shares.
What does the one-for-one feature of Clorox (CLX) deferred stock units mean?
The one-for-one feature means each deferred stock unit corresponds to one share of Clorox common stock upon settlement. This structure ties the value of the director’s deferred compensation directly to Clorox’s share performance over time, aligning board compensation with shareholder outcomes.
Did the Clorox (CLX) Form 4 show any insider sales or option exercises?
The Form 4 did not show any insider sales or option exercises. It only reported two acquisitions of deferred stock units as compensation awards, classified under code “A” for grant or other acquisition, with no open-market buy or sell transactions indicated.