Breber Pierre R 4

What Happened
Pierre R. Breber, a member of the board of directors of Clorox Co. (CLX), was granted a total of 395.336 deferred stock units (DSUs) as awards under the company’s director compensation plan. The filing shows two award events: 41.711 DSUs on 2026-05-08 and 353.625 DSUs on 2026-06-30. Each award is reported at $0.00 per unit (these are derivative awards, not open-market purchases or cash payments).

Key Details

• Transaction types: Awards/Grants (code A) reported on 2026-05-08 and 2026-06-30.
• Shares/units: 41.711 DSUs (5/8/26) + 353.625 DSUs (6/30/26) = 395.336 DSUs total.
• Price: $0.00 per unit (reported as derivative awards; no cash exchanged).
• Footnotes:
  • F2: DSUs acquired through dividend reinvestment during the fiscal year under the Independent Directors' Deferred Compensation Plan.
  • F4: DSUs received in lieu of quarterly director fees.
  • F3: DSUs will be settled 100% in Clorox stock upon the director’s retirement or termination of service.
  • F1: 1-for-1 conversion (one DSU converts to one share when settled).
• Shares owned after transaction: not specified in the filing.
• Filing date: Form 4 filed 2026-07-02 reporting transactions through 2026-06-30.

Context
These are deferred compensation awards for a non-employee director, not open-market purchases or sales. DSUs are common for directors and are typically settled in company stock upon departure or retirement, so they do not reflect an immediate cash investment or sale. Because these awards are compensation and dividend-reinvestment driven, they are generally routine and do not by themselves indicate management’s market view.