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

Patrick de Maynadier, EVP, Gen. Counsel & Secretary of Church & Dwight Co. Inc., acquired phantom stock shares under the company's Deferred Compensation Plan.

Summary

• On May 15, 2024, Patrick de Maynadier, an executive at Church & Dwight Co. Inc., acquired 15.221 shares of phantom stock.
• The phantom stock was acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• These shares are to be settled in cash at a time prescribed by the Plan.
• The phantom stock shares convert to common stock on a 1-for-1 basis.
• Following the transaction, de Maynadier directly owns 15,106.445 shares of common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of an executive's compensation.

Positives

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

Future Outlook

The phantom stock shares are to be settled in cash at such time as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.

Industry Context

Executive compensation packages often include phantom stock to align executive interests with shareholder value. This Form 4 filing is a routine disclosure of insider transactions.

Comparison to Industry Standards

• Executive compensation practices, including the use of phantom stock, are common across publicly traded companies.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation for their executives.
• The specific terms of the Deferred Compensation Plan would need to be compared to industry benchmarks to assess its competitiveness and alignment with shareholder interests.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects an executive's compensation and holdings in the company.

Key Dates