Form 4: Church & Dwight EVP Acquires Phantom Stock

Church & Dwight EVP Carlos G. Linares acquired 26.716 phantom stock shares as part of a deferred compensation plan.

Summary

• Carlos G. Linares, Executive Vice President, Chief Technology & Global New Product for Church & Dwight Co., Inc. (CHD), reported an acquisition of phantom stock.
• On March 13, 2026, Mr. Linares acquired 26.716 phantom stock shares.
• The phantom stock shares were acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• These phantom stock shares convert to common stock on a 1-for-1 basis but are to be settled in cash at a time prescribed by the Plan.
• The price of the derivative security (phantom stock) at the time of acquisition was $97.75.
• Following this transaction, Mr. Linares beneficially owns 17,856.966 phantom stock shares directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine disclosure of executive compensation activity rather than a significant market-moving transaction or a direct investment decision by the insider.

Positives

• The acquisition of phantom stock by an executive indicates continued participation in the company's long-term incentive and deferred compensation plans, aligning executive interests with shareholder value over time.

Future Outlook

The filing does not provide forward-looking statements or guidance beyond the details of the deferred compensation plan's settlement terms.

Industry Context

StockSavvy.ai notes that executive deferred compensation plans, often including phantom stock, are standard practice across various industries, particularly in consumer goods, to retain key talent and align executive incentives with long-term company performance. This transaction is a routine disclosure of such a plan's operation.

Comparison to Industry Standards

• This type of phantom stock grant as part of a deferred compensation plan is a common executive incentive structure, comparable to practices at peer companies in the consumer packaged goods sector such as Procter & Gamble (PG) or Colgate-Palmolive (CL), which also utilize various forms of equity-linked compensation to incentivize executives.

Stakeholder Impact

• Shareholders: This transaction is a routine part of executive compensation and has a minimal direct impact on current share value or ownership structure. It reflects ongoing executive alignment with company performance through deferred compensation.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The phantom stock shares are to be settled in cash at such time as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.

Key Dates

Keywords

Church & Dwight, CHD, Phantom Stock, Deferred Compensation, Insider Transaction, Executive Compensation, SEC Form 4