Company: CLX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001552781-25-000311
Chunk: 111

Company: CLOROX CO /DE/
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 111
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 date that the employee is no longer required to provide service to earn the award.

Performance share awardees receive share equivalents for dividends earned during the vesting period, upon vesting. As of June 30, 2025, there was $16 in unrecognized compensation cost related to non-vested performance shares that isexpected to be recognized over a remaining weighted-average performance period of 2 years. The weighted-average grant- date fair value of awards granted was $162.85, $140.39 and $141.90 per share for fiscal years 2025, 2024 and 2023, respectively. A summary of the status of the Company’s performance share awards is presented below:

| Number                                         
 of                                             
 Shares                                         
 (In thousands)                                 |     |      Weighted- 
        Average 
     Grant Date 
 Fair Value per 
          Share |
| Performance                                    
 share awards as of June 30, 2024               | 483 |              $ 
            148 |
| Granted                                        | 222 |            163 |
| Distributed                                    | -73 |            156 |
| Forfeited                                      | -19 |            145 |
| Performance                                    
 share awards as of June 30, 2025               | 613 |            153 |
| Performance                                    
 shares vested and deferred as of June 30, 2025 | 149 |              $ 
            166 |

The non-vested performance shares outstanding as of June 30, 2025 and 2024 were 464,000 and 400,000, respectively, and the weighted average grant date fair value was $148.45 and $145.06 per share, respectively. During fiscal year 2025, 138,000 shares vested. The total fair value of shares vested was $22, $12 and$12 during fiscal years 2025, 2024 and 2023, respectively. Upon vesting, the recipients of the grants receive the distribution as shares or, if previously elected by eligible recipients, as deferred stock. Deferred shares continue to accrue dividends, which are also deferred. Deferred Stock Units for Nonemployee Directors Nonemployee directors receive annual grants of deferred stock units under the Company’s director compensation program and can elect to receive all or a portion of their annual retainers and fees in the form of deferred stock units. The deferred stock units accrue dividend distributions, which are reinvested as deferred stock units, and are recognized at their fair value on the date of