Form 4: Church & Dwight CEO Acquires Phantom Stock Under Deferred Compensation Plan

Church & Dwight's CEO, Matthew Farrell, acquired 24,671 phantom stock units under the company's Deferred Compensation Plan.

Summary

• Matthew Farrell, the President and CEO of Church & Dwight Co., Inc., acquired 24,671 phantom stock units on December 31, 2024.
• These phantom stock units were acquired under the company's Deferred Compensation Plan.
• The phantom stock units convert to common stock on a 1-for-1 basis but will be settled in cash at a future date as prescribed by the plan.
• The price of the underlying common stock at the time of the transaction was $104.71 per share.
• Following this transaction, Mr. Farrell directly owns 107,627.778 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally to slightly positive as it aligns executive interests with the company's performance.

Industry Context

This transaction is a routine part of executive compensation practices, where phantom stock is often used as a form of deferred compensation.

Comparison to Industry Standards

• Deferred compensation plans, including phantom stock awards, are common among publicly traded companies as a way to align executive interests with long-term shareholder value.
• Many companies in the consumer goods sector, such as Procter & Gamble and Colgate-Palmolive, utilize similar compensation structures for their executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive compensation with company performance.

Key Dates

Keywords

phantom stock, deferred compensation, insider trading, executive compensation, stock acquisition, Church & Dwight, Matthew Farrell