Form 4: Church & Dwight Co. Inc. Executive Acquires Phantom Stock
SEC Form 4 Filing
Patrick D. de Maynadier, EVP, Gen. Counsel & Secretary of Church & Dwight Co. Inc., reports acquisition of phantom stock under the company's Deferred Compensation Plan.
Summary
- On February 29, 2024, Patrick D. de Maynadier, an executive at Church & Dwight Co. Inc., acquired 5.577 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 as prescribed by the Plan.
- The phantom stock shares convert to common stock on a 1-for-1 basis.
- Following the transaction, de Maynadier beneficially owns 13,797.44 shares of phantom stock directly.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The acquisition of phantom stock by an executive demonstrates confidence in the company's future performance.
Future Outlook
The phantom stock shares are to be settled in cash at a future date as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of phantom stock acquisition |
| 03/01/2024 | Date of signature on the report |
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