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

Michael R. Smith, a director at Church & Dwight Co., Inc., acquired 539.3743 phantom stock shares under the company's Deferred Compensation Plan.

Summary

• Michael R. Smith, a director of Church & Dwight Co., Inc., acquired 539.3743 shares of phantom stock on December 2, 2024.
• The phantom stock was acquired under the company's Deferred Compensation Plan.
• These phantom stock shares convert to common stock on a 1-for-1 basis.
• The phantom stock will be settled in cash at a future date as prescribed by the plan.
• The price of the underlying common stock at the time of the transaction was $111.24.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. The acquisition of phantom stock by a director can be seen as a positive sign of confidence in the company.

Positives

• The acquisition of phantom stock by a director may indicate confidence in the company's future performance.

Future Outlook

The phantom stock will be settled in cash at a future date as prescribed by the Deferred Compensation Plan.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock awards are common practices for executive compensation in publicly traded companies.
• Many companies use similar plans to align the interests of executives with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

phantom stock, deferred compensation, director, insider trading, Church & Dwight, equity compensation