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

Church & Dwight's CEO, Matthew Farrell, acquired 23,696 phantom stock units under the company's Deferred Compensation Plan, convertible to common stock on a 1-for-1 basis.

Summary

• Matthew Farrell, the President and CEO of Church & Dwight Co Inc, acquired 23,696 phantom stock units on November 15, 2024.
• These phantom stock units were acquired under the company's Deferred Compensation Plan.
• The phantom stock shares convert to common stock on a 1-for-1 basis.
• The phantom stock will be settled in cash at a time prescribed by the plan.
• The price of the phantom stock was $109.02 per unit.
• Following this transaction, Mr. Farrell directly owns 107,281.542 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally to positively by investors. The acquisition of phantom stock by the CEO can be seen as a positive sign of his commitment to the company.

Positives

• The acquisition of phantom stock by the CEO demonstrates his continued investment in the company's future.
• The deferred compensation plan aligns the CEO's interests with long-term shareholder value.

Future Outlook

The phantom stock will be settled in cash at a time prescribed by the Deferred Compensation Plan.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies to incentivize and retain key executives.
• The use of phantom stock is a typical method for providing deferred compensation, aligning executive interests with shareholder value.
• The 1-for-1 conversion of phantom stock to common stock is a standard approach in such plans.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the CEO's interests with the company's long-term performance.

Key Dates

Keywords

phantom stock, deferred compensation, insider trading, executive compensation, Church & Dwight, Matthew Farrell, SEC Form 4