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

Richard A. Dierker, President and CEO of Church & Dwight Co., Inc., acquired phantom stock shares under the company's Deferred Compensation Plan on April 30, 2025.

Summary

• On April 30, 2025, Richard A. Dierker, the President and CEO of Church & Dwight Co., Inc., acquired 39.003 phantom stock shares.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• These phantom stock shares are convertible to common stock on a 1-for-1 basis.
• The phantom stock will be settled in cash as prescribed by the Plan.
• Following the transaction, Dierker directly owns 15,097.674 shares of phantom stock.
• The price of the phantom stock was $99.34 per share.

Sentiment

Score: 7

Explanation: The document is a routine SEC filing related to executive compensation. It doesn't contain any alarming or negative information, but it's not overwhelmingly positive either. The acquisition of phantom stock is a standard practice.

Positives

• The acquisition of phantom stock by the CEO aligns his interests with the long-term performance of the company.
• The Deferred Compensation Plan provides a tax-advantaged way for the CEO to accumulate wealth tied to the company's success.

Future Outlook

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

Industry Context

Executive compensation packages often include phantom stock or similar instruments to incentivize performance and align executive interests with shareholder value. This is a common practice among publicly traded companies.

Comparison to Industry Standards

• Many companies in the consumer staples sector, like Procter & Gamble (PG) and Unilever (UL), utilize deferred compensation plans and equity-based awards as part of their executive compensation packages.
• The specific terms of these plans, such as vesting schedules and settlement methods, can vary widely based on company size, performance goals, and industry practices.
• Comparing the total compensation package, including base salary, bonus, and equity awards, to industry benchmarks can provide insights into whether the CEO's compensation is aligned with performance and market standards.

Stakeholder Impact

• The acquisition of phantom stock aligns the CEO's interests with shareholders, potentially driving long-term value creation.
• The Deferred Compensation Plan can impact employee morale by providing a competitive compensation package.

Key Dates

Keywords

phantom stock, Richard A. Dierker, Church & Dwight, CHD, Deferred Compensation Plan, beneficial ownership, Form 4, SEC