Form 4: Church & Dwight EVP Acquires Phantom Stock

Carlos G. Linares, EVP Chief Technology & Global New Products at Church & Dwight Co. Inc., acquired 29.254 phantom stock shares under a deferred compensation plan.

Summary

• Carlos G. Linares, EVP Chief Technology & Global New Products, acquired 29.254 phantom stock shares.
• The acquisition occurred on September 30, 2025.
• These phantom stock shares were acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The shares are to be settled in cash as prescribed by the Plan.
• Each phantom stock share converts to common stock on a 1-for-1 basis.
• The price of the derivative security was $87.63 per share.
• Following this transaction, Mr. Linares beneficially owns 17,251.813 phantom stock shares directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock by an executive, especially under a deferred compensation plan, is generally a neutral to slightly positive signal, indicating continued alignment of executive interests with the company. It's a routine compensation event rather than a discretionary open-market purchase.

Positives

• An executive acquiring additional phantom stock can signal confidence in the company's future performance.
• Participation in a deferred compensation plan aligns executive interests with long-term company success.

Negatives

• No direct negatives are apparent from this specific Form 4 filing, as it reports a routine acquisition under a compensation plan.

Future Outlook

The filing indicates that phantom stock shares are to be settled in cash at a future time as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan, implying a future payout event.

Industry Context

This Form 4 reports a routine executive compensation transaction and does not provide information directly related to broader industry trends or competitive landscape for Church & Dwight Co. Inc.

Related Party Transactions

• The acquisition of phantom stock under a deferred compensation plan could be considered a related party transaction as it involves an executive and the company, but it is a standard part of executive compensation and not typically flagged as an unusual related party dealing in this context.

Stakeholder Impact

• Shareholders: Executive's increased beneficial ownership (via phantom stock) aligns their interests with shareholder value creation.
• Employees: No direct impact on general employees.

Next Steps

• Settlement of the phantom stock shares in cash at a future date as per the Deferred Compensation Plan.

Key Dates

Recommendation

This Form 4 reports a routine executive compensation transaction involving the acquisition of phantom stock under a deferred compensation plan. While it indicates continued executive alignment, it does not provide new fundamental information about the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. It is a standard disclosure for insider holdings.

Keywords

Church & Dwight, CHD, Carlos G. Linares, Phantom Stock, Deferred Compensation, Insider Trading, SEC Form 4, Executive Compensation, Stock Acquisition, Rule 10b5-1