Form 4: Church & Dwight EVP Acquires Phantom Stock

Church & Dwight Co. Inc. EVP Carlos G. Linares acquired 29.678 phantom stock shares under a deferred compensation plan, increasing his direct beneficial ownership to 17,281.491 shares.

Summary

• Carlos G. Linares, Executive Vice President, Chief Technology & Global New Products at Church & Dwight Co. Inc. (CHD), reported an acquisition of derivative securities.
• The transaction involved the acquisition of 29.678 phantom stock shares on October 15, 2025.
• These phantom stock shares were acquired at a price of $86.38 per share.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• Phantom stock shares convert to common stock on a 1-for-1 basis and are to be settled in cash as prescribed by the Plan.
• Following this transaction, Mr. Linares directly beneficially owns 17,281.491 derivative securities (phantom stock).

Sentiment

Score: 6

Explanation: The acquisition of phantom stock by an executive, even if part of a deferred compensation plan, generally indicates continued alignment with the company's performance and can be viewed as a modest positive signal of insider confidence. However, it's not a direct market purchase of common stock.

Positives

• An executive acquiring additional equity, even phantom stock through a deferred compensation plan, can signal continued confidence in the company's future performance and long-term strategy.
• Participation in a deferred compensation plan aligns the executive's financial interests with the long-term value creation for shareholders.

Negatives

• The acquisition is of phantom stock, which is settled in cash, rather than direct common stock, meaning no direct market purchase or immediate increase in equity voting rights.
• The transaction date of October 15, 2025, indicates a future scheduled event, which is unusual for a Form 4 filing that typically reports past transactions.

Future Outlook

The filing does not provide a general future outlook for the company, focusing solely on a specific insider transaction.

Industry Context

This insider transaction is specific to Church & Dwight Co. Inc. and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders may view the executive's continued participation in the deferred compensation plan as a sign of management's long-term commitment and confidence in the company's value.

Next Steps

• No specific future actions or milestones are mentioned in this filing beyond the scheduled settlement of the phantom stock as prescribed by the Deferred Compensation Plan.

Key Dates

Keywords

Church & Dwight, CHD, Carlos G. Linares, Phantom Stock, Deferred Compensation, Insider Transaction, Executive Compensation, SEC Form 4