Form 4: Church & Dwight Director Acquires Phantom Stock Under Deferred Compensation Plan

Church & Dwight Co. Inc. Director Brad Cashaw acquired 1,248.57 phantom stock shares at $96.11 per share on June 30, 2025, under a deferred compensation plan.

Summary

• Brad Cashaw, a Director of Church & Dwight Co. Inc. (CHD), acquired phantom stock shares.
• The transaction occurred on June 30, 2025.
• 1,248.57 phantom stock shares were acquired.
• The acquisition price was $96.11 per phantom stock share.
• Phantom stock shares convert to common stock on a 1-for-1 basis.
• The shares were acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• These phantom stock shares are to be settled in cash at such time as prescribed by the Plan.
• Following this transaction, Brad Cashaw beneficially owns 4,982.935 phantom stock shares directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock by a director, even as part of a deferred compensation plan, generally indicates continued alignment of interests with shareholders and confidence in the company's long-term prospects.

Positives

• Director Brad Cashaw increased his beneficial ownership of phantom stock, potentially signaling confidence in the company's future.
• The acquisition was part of a pre-arranged Rule 10b5-1(c) plan, indicating a structured and planned approach to compensation and ownership.

Future Outlook

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

Industry Context

This transaction reflects an individual director's compensation and deferred equity accumulation strategy, which is a common practice across various industries for executive and director retention.

Comparison to Industry Standards

• NA

Related Party Transactions

• Acquisition of 1,248.57 phantom stock shares by Director Brad Cashaw from Church & Dwight Co. Inc. as part of the company's Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: Director's increased beneficial ownership aligns interests with shareholders, potentially signaling confidence.
• Employees: The deferred compensation plan is a benefit for directors, which can be seen as a positive for executive retention strategies.

Next Steps

• Settlement of phantom stock shares in cash at a future time as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.

Key Dates

Keywords

Church & Dwight, CHD, Brad Cashaw, Form 4, SEC filing, phantom stock, deferred compensation, insider transaction, director ownership, Rule 10b5-1