Form 4: Church & Dwight Co. Inc. Executive Acquires Phantom Stock
SEC Form 4 Filing
Brian D. Buchert, EVP of Strategy, M&A, and Business Planning at Church & Dwight Co. Inc., acquired phantom stock shares under the company's Deferred Compensation Plan.
Summary
- On April 15, 2024, Brian D. Buchert, EVP of Strategy, M&A, and Business Planning at Church & Dwight Co. Inc., acquired 4.435 phantom stock shares.
- 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, Mr. Buchert directly owns 439.483 shares.
- The price of the phantom stock was $101.58.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to executive compensation, indicating a neutral sentiment.
Future Outlook
The phantom stock shares will be settled in cash at a future date as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.
Industry Context
Executive compensation, including phantom stock awards, is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of phantom stock acquisition |
| 04/16/2024 | Date of Form 4 filing |
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