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

Church & Dwight Co. Inc.'s President and CEO, Richard A. Dierker, acquired 39.906 phantom stock shares on June 13, 2025, as part of the company's Deferred Compensation Plan.

Summary

• Richard A. Dierker, who serves as President and CEO and a Director of Church & Dwight Co. Inc. (CHD), reported the acquisition of phantom stock.
• The transaction date for the acquisition was June 13, 2025.
• Mr. Dierker acquired 39.906 shares of phantom stock at a price of $97.09 per share.
• These phantom stock shares were acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The phantom stock shares are convertible to common stock on a 1-for-1 basis, but are specifically noted to be settled in cash as per the plan's terms.
• Following this transaction, Mr. Dierker beneficially owns a total of 15,263.056 phantom stock shares.
• The filing indicates that the transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. While a routine compensation event, the acquisition of phantom stock by the CEO, even if cash-settled, generally signals continued executive commitment and alignment with company performance, which is a positive for investors.

Positives

• The acquisition of phantom stock by a key executive like the President and CEO can be viewed as a positive signal, indicating continued alignment of management's interests with the company's performance.
• The transaction is part of a structured deferred compensation plan, which is a common and expected component of executive remuneration, promoting long-term commitment.

Future Outlook

This Form 4 filing is a disclosure of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• Richard A. Dierker, President and CEO, acquired phantom stock shares as part of the company's deferred compensation plan, aligning his interests with the company's long-term performance.

Industry Context

This transaction is a routine insider compensation event, common across all industries for publicly traded companies. It reflects standard executive compensation practices and does not indicate any specific broader industry trends or shifts.

Comparison to Industry Standards

• The use of phantom stock as part of a deferred compensation plan is a widely accepted and standard practice in executive compensation across various industries, including consumer goods.
• This type of compensation mechanism is designed to align executive incentives with shareholder value creation without immediate equity dilution, similar to practices observed in comparable companies within the consumer staples sector.

Corporate Governance

Related Party Transactions

• The acquisition of phantom stock by Richard A. Dierker, President and CEO, under the company's Deferred Compensation Plan constitutes a related party transaction, which is a standard component of executive compensation.

Stakeholder Impact

• Shareholders: May view the CEO's acquisition of phantom stock as a positive signal of confidence in the company's future, aligning executive incentives with shareholder value.
• Employees: No direct impact on general employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Recommendation

Keywords

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