Form 4: Church & Dwight CEO Matthew Farrell Reports Acquisition of Phantom Stock

Matthew Farrell, President and CEO of Church & Dwight Co. Inc., reports acquiring phantom stock shares under the company's Deferred Compensation Plan.

Summary

• On March 15, 2024, Matthew Farrell, the President and CEO of Church & Dwight Co. Inc., acquired 24.759 shares of phantom stock.
• These shares were obtained through the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The phantom stock converts to common stock on a 1-for-1 basis and will be settled in cash as prescribed by the Plan.
• Following the transaction, Farrell directly owns 106,314.162 shares of common stock.
• The price of the phantom stock was $104.34 per share.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally. The CEO's participation in the Deferred Compensation Plan can be seen as a positive sign of alignment with shareholder interests.

Positives

• The acquisition of phantom stock by the CEO demonstrates his continued investment in the company's future.
• The Deferred Compensation Plan provides a mechanism for executives to accumulate company stock, aligning their interests with shareholders.

Future Outlook

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

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like the CEO, trade in their company's stock. This filing indicates an acquisition of phantom stock, which is a form of deferred compensation.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock or similar deferred compensation plans to align executive interests with long-term shareholder value.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation for their executives.

Key Dates