Form 4: Church & Dwight Co. Inc. Executive Acquires Phantom Stock
SEC Form 4 Filing
Patrick de Maynadier, EVP, Gen. Counsel & Secretary of Church & Dwight Co. Inc., acquired phantom stock under the company's Deferred Compensation Plan.
Summary
- On August 15, 2024, Patrick de Maynadier, an executive at Church & Dwight Co. Inc., acquired 16.316 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.
- Following the transaction, de Maynadier directly owns 15,250.523 shares of phantom stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction.
Positives
- The acquisition of phantom stock by an executive could be seen as a positive sign of their commitment to the company's long-term success.
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
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's participation in a deferred compensation plan, a common practice among publicly traded companies.
Comparison to Industry Standards
- Deferred compensation plans are a common tool used by companies like Procter & Gamble (PG) and Unilever (UL) to attract and retain top talent.
- The specifics of Church & Dwight's plan, such as the vesting schedule and payout terms, would need to be compared to those of its peers to assess its competitiveness.
- The amount of phantom stock granted to Patrick de Maynadier would need to be benchmarked against similar executive roles at comparable companies to determine if it is within the typical range.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
- It provides transparency into executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 08/08/1988 | Date associated with the phantom stock shares. |
| 08/15/2024 | Date of the transaction where phantom stock was acquired. |
| 08/16/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.