Form 4: Church & Dwight Co. Inc. Executive Acquires Phantom Stock

Carlos G. Linares, EVP Chief Tech&Global New Prod at Church & Dwight Co. Inc., acquired phantom stock under the company's Deferred Compensation Plan.

Summary

• On May 31, 2024, Carlos G. Linares, an executive at Church & Dwight Co. Inc., acquired 21.035 shares of phantom stock.
• The phantom stock was acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The price of the phantom stock was $107.01 per share.
• These shares are to be settled in cash as prescribed by the Plan.
• Following the transaction, Linares beneficially owns 15,982.097 shares of phantom stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. The acquisition of phantom stock can be seen as a slightly positive sign of executive confidence, but it's not a major event.

Positives

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

Future Outlook

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

Industry Context

Executive compensation packages often include phantom stock to align executive interests with shareholder value. This Form 4 filing provides transparency into such compensation arrangements at Church & Dwight.

Comparison to Industry Standards

• Executive compensation packages including phantom stock are common across publicly traded companies, particularly in the consumer goods sector.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation to incentivize their executives.
• The specific terms of the Church & Dwight Deferred Compensation Plan would need to be compared to those of similar companies to assess its relative generosity and effectiveness.

Stakeholder Impact

• The acquisition of phantom stock has a minor positive impact on shareholders as it aligns executive interests with the company's performance.

Key Dates