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

Matthew Farrell, President and CEO of Church & Dwight Co. Inc., reports the acquisition of phantom stock shares convertible to common stock.

Summary

• On June 28, 2024, Matthew Farrell, the President and CEO of Church & Dwight Co. Inc., reported acquiring 24.916 shares of phantom stock.
• These phantom stock shares are convertible to common stock on a 1-for-1 basis.
• The shares were acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan and will be settled in cash as prescribed by the Plan.
• Following the transaction, Farrell directly owns 106,766.712 shares of common stock.
• The price of the derivative security was $103.68.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock by the CEO is generally a positive sign, indicating confidence in the company's future. However, it's a routine transaction related to executive compensation.

Positives

• The acquisition of phantom stock by the CEO could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Executive compensation in the form of phantom stock is a common practice in publicly traded companies to align management's interests with those of the shareholders.

Comparison to Industry Standards

• Executive compensation packages, including phantom stock, are common across similar consumer goods companies.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation for their executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholder confidence due to the CEO's increased stake in the company's performance.

Key Dates