Company: CLX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001552781-25-000311
Chunk: 109

Company: CLOROX CO /DE/
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 109
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 | A-44 |

Compensation cost and the related income tax benefit recognized for stock-based compensation plans were classified as indicated below for the fiscal years ended June 30:

| 2025                        |    | 2024 |  2023 |
| Cost                        
 of products sold            |  $ 
  7 |    $ 
    7 |     $ 
     7 |
| Selling                     
 and administrative expenses | 70 |   63 |    61 |
| Research                    
 and development costs       |  4 |    4 |     5 |
| Total                       
 compensation costs          |  $ 
 81 |    $ 
   74 |     $ 
    73 |
| Related                     
 income tax benefit          |  $ 
 19 |    $ 
   18 | $  17 |

Cash received during fiscal years 2025, 2024 and 2023 from stock options exercised under all stock-based payment arrangements was $61, $23 and $52, respectively. The Company issues shares for stock-based compensation plans from treasury stock. The Company may repurchase stock under its Evergreen Program to offset the estimated impact of dilution related to stock-based awards. Details regarding the valuation and accounting for stock options, restricted stock awards, performance shares and deferred stock units for non-employee directors follow. Stock Options There were no stock option awards granted during the fiscal years 2025 and 2024. The fair value of each stock option award granted during fiscal year 2023 was estimated on the date of grant using the Black-Scholes valuation model and assumptions noted in the following table:

|                         |  2023 |
| Expected                
 life                    |   5.3 
 years |
| Weighted-average        
 expected life           |   5.3 
 years |
| Expected                
 volatility              | 24.2% |
| Weighted-average        
 volatility              | 24.2% |
| Risk-free               
 interest rate           |  3.7% |
| Weighted-average        
 risk-free interest rate |  3.7% |
| Dividend                
 yield                   |  3.4% |
| Weighted-average        
 dividend yield          |  3.4% |

The expected life of the stock options is based on historical exercise patterns. The expected volatility is based on implied volatility from publicly traded options on the Company’s stock at the date of grant, historical implied volatility of the Company’s publicly traded options and other factors. The