Company: CLX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001552781-25-000311
Chunk: 110

Company: CLOROX CO /DE/
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 110
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-vested options, which is expected to be recognized over a remaining weighted- average vesting period of 1 year, subject to forfeiture changes. Restricted Stock Awards The fair value of restricted stock awards is estimated on the date of grant based on the market price of the stock and is amortized to compensation expense on a straight-line basis over the related vesting periods, which are generally 3 to 4 years. Awards to employees eligible for retirement prior to the award becoming fully vested are amortized to compensation expense from the grant date through the date that the employee is no longer required to provide service to earn the award. The total number of restricted stock awards expected to vest is adjusted by actual and estimated forfeitures. Restricted stock awardees receive share equivalents for dividends earned during the vesting period, upon vesting. As of June 30, 2025, there was $43 of total unrecognized compensation cost related to non-vested restricted stock awards, which is expected to be recognized over a remaining weighted-average vesting period of 2 years. The total fair value of the shares that vested in each of the fiscal years 2025, 2024 and 2023 was $42, $28 and $22, respectively. The weighted-average grant-date fair value of awards granted was $160.05, $138.51 and $143.20 per share for fiscal years 2025, 2024 and 2023, respectively. A summary of the status of the Company’s restricted stock awards is presented below:

|                                  |         Number 
             of 
         Shares 
 (In thousands) | Weighted- 
   Average 
     Grant 
 Date Fair 
     Value 
 per Share |
| Restricted                       
 stock awards as of June 30, 2024 |            721 |         $ 
       145 |
| Granted                          |            376 |       160 |
| Vested                           |           -279 |       151 |
| Forfeited                        |            -64 |       147 |
| Restricted                       
 stock awards as of June 30, 2025 |            754 |         $ 
       150 |

Performance Shares The fair value of performance shares is estimated on the date of grant based on the market price of the stock and is amortized to compensation expense on a straight line basis over the related vesting periods, which are generally 3 years. Awards to employees eligible for retirement prior to the award becoming fully vested are amortized to compensation expense from the grant date through the