Form 4: Church & Dwight CEO Acquires Phantom Stock

Church & Dwight Co. Inc. President and CEO Richard A. Dierker acquired 44.854 phantom stock shares under a deferred compensation plan.

Summary

• Richard A. Dierker, President and CEO, and a Director of Church & Dwight Co. Inc. (CHD), acquired 44.854 shares of phantom stock.
• The transaction occurred on October 15, 2025, under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• Each phantom stock share converts to common stock on a 1-for-1 basis.
• The phantom stock shares are to be settled in cash at a price of $86.38 per share, as prescribed by the Plan.
• Following this acquisition, Richard A. Dierker beneficially owns 15,649.073 shares of phantom stock directly.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock under a deferred compensation plan is a routine event that aligns management's interests with the company's performance, indicating a slightly positive sentiment due to continued executive commitment.

Positives

• The acquisition of phantom stock aligns the executive's interests with the long-term performance of the company.
• Participation in the deferred compensation plan demonstrates continued commitment to the company.

Future Outlook

The phantom stock shares are to be settled in cash at such time as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.

Industry Context

This transaction represents a routine executive compensation event, where phantom stock is used as a deferred compensation vehicle to align management incentives with shareholder value over time. Such plans are common across various industries for senior executives.

Comparison to Industry Standards

• Deferred compensation plans, often utilizing phantom stock or similar equity-linked instruments, are a standard component of executive compensation packages in publicly traded companies across diverse sectors.
• The structure, where phantom shares convert to common stock on a 1-for-1 basis and are settled in cash, is a common mechanism for providing equity exposure without direct share ownership until settlement.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and reflects continued alignment of executive interests with shareholder value through a deferred compensation plan.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• Settlement of the phantom stock shares in cash at a future date, as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.

Key Dates

Recommendation

This Form 4 filing details a routine acquisition of phantom stock under a deferred compensation plan by a key executive. The transaction size is small relative to the company's market capitalization and is part of a pre-arranged compensation structure, not an open market purchase or sale. As such, it does not provide new material information that would significantly alter an investment thesis or warrant a change in recommendation based solely on this filing.

Keywords

SEC Form 4, Insider Transaction, Phantom Stock, Deferred Compensation, Church & Dwight, CHD, Executive Compensation