Form 4: CHD CEO Acquires Phantom Stock in Deferred Plan

Church & Dwight CEO Richard A. Dierker acquired 41.59 phantom stock units under the company's deferred compensation plan, to be settled in cash.

Summary

• Richard A. Dierker, President and CEO, and a Director of Church & Dwight Co., Inc. (CHD), acquired 41.59 phantom stock units.
• The transaction occurred on August 29, 2025.
• These phantom stock units convert to common stock on a 1-for-1 basis.
• The units were acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The phantom stock shares are to be settled in cash at a time prescribed by the Plan.
• Following this transaction, Mr. Dierker beneficially owns 15,468.74 phantom stock units directly.
• The price of the derivative security was $93.16 per unit.

Sentiment

Score: 6

Explanation: Slightly positive as it represents ongoing executive compensation and alignment, but the cash settlement aspect makes it less impactful than direct equity ownership.

Positives

• The acquisition of phantom stock by the CEO indicates continued alignment of management's interests with shareholder value, as the value of these units is tied to the company's stock performance.
• Participation in a deferred compensation plan suggests a long-term commitment to the company by its top executive.

Negatives

• The phantom stock units are to be settled in cash, not common stock, which means they do not directly increase Mr. Dierker's equity ownership in the company, though they are still performance-linked.

Future Outlook

NA

Industry Context

This is a routine insider compensation event specific to Church & Dwight and does not directly reflect broader industry trends or competitive dynamics.

Comparison to Industry Standards

• This is a standard form of executive compensation (phantom stock in a deferred plan) common across various industries for aligning executive incentives with company performance without immediate equity dilution. Specific comparable companies or projects are not relevant for this type of filing.

Related Party Transactions

• Richard A. Dierker, President and CEO, acquired phantom stock units from Church & Dwight Co., Inc. as part of his compensation plan.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and does not directly dilute existing shares, though it represents a future cash obligation for the company. It aligns executive incentives with company performance.
• Employees: No direct impact on general employees.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Keywords

Church & Dwight, CHD, Richard A. Dierker, Phantom Stock, Deferred Compensation, Insider Transaction, CEO Compensation, SEC Form 4