Form 4: Church & Dwight Director Acquires Phantom Stock

Michael R. Smith, a Director at Church & Dwight Co., Inc., acquired phantom stock units under the company's Deferred Compensation Plan.

Summary

• Michael R. Smith, a Director of Church & Dwight Co., Inc. (CHD), acquired 1,238.6457 phantom stock units on July 1, 2026.
• These phantom stock units are part of the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The phantom stock units convert to common stock on a 1-for-1 basis.
• The acquisition was made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c) affirmative defense conditions.
• Following this transaction, Mr. Smith beneficially owns 3,029.6197 shares of common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it represents an insider acquisition of equity under a pre-planned program, indicating confidence without providing new operational or financial performance data.

Positives

• Director acquisition of phantom stock indicates continued confidence in the company's future performance.
• The transaction was made under a Rule 10b5-1(c) plan, suggesting a pre-planned and structured approach to equity transactions.

Future Outlook

The acquisition of phantom stock under a deferred compensation plan suggests a long-term perspective on the company's value, but no specific future financial guidance is provided in this filing.

Industry Context

StockSavvy.ai notes that insider acquisitions of equity, especially under Rule 10b5-1 plans, are often viewed positively by the market as they signal management's belief in the company's intrinsic value and future prospects within the consumer staples sector.

Stakeholder Impact

• Shareholders may view this insider acquisition positively, interpreting it as a sign of confidence in the company's future performance.

Key Dates

Keywords

Church & Dwight, CHD, Form 4, SEC Filing, Director, Phantom Stock, Deferred Compensation Plan, Beneficial Ownership, Equity