WEINER RUSSELL J 4
Research Summary
AI-generated summary
Clorox (CLX) Director Russell Weiner Receives Deferred Stock Units
What Happened
- Director Russell J. Weiner received two grants of Deferred Stock Units (derivative awards) from Clorox (CLX). He was credited with 242.241 DSUs on 2026-05-08 and 353.625 DSUs on 2026-06-30, for a total of 595.866 units. Each grant shows an acquisition price of $0.00 (award/derivative), and the units will be settled 1-for-1 in Clorox common stock upon the director’s retirement or other termination of service.
Key Details
- Transaction types/codes: A (Grant/Award of Deferred Stock Units).
- Dates and amounts: 2026-05-08 — 242.241 DSUs @ $0.00; 2026-06-30 — 353.625 DSUs @ $0.00.
- Total new DSUs received: 595.866 units.
- Shares owned after transaction: not specified in the excerpt of the filing provided.
- Footnotes of note:
- F1: 1-for-1 conversion (units to shares).
- F2: Units include shares acquired through dividend reinvestment under the Independent Directors' Deferred Compensation Plan.
- F3: DSUs will be settled 100% in Clorox stock upon the reporting person’s retirement/termination.
- F4: DSUs were received in lieu of quarterly director fees.
- Filing timeliness: the Form 4 was filed 2026-07-02 reporting transactions through 2026-06-30. The filing does not indicate a late-report designation in the information supplied here.
Context
- These transactions are awards of deferred stock units (not open-market purchases or sales). DSUs are commonly used by non-employee directors to defer cash fees into equity and do not necessarily signal a buy/sell opinion by the director.
- Upon the director’s termination or retirement, the DSUs will convert into Clorox shares (per the 1-for-1 settlement note), at which point they will increase his actual shareholdings.