Form 4: Church & Dwight EVP Boosts Phantom Stock Holdings

Church & Dwight's EVP of Strategy, M&A, and BP, Brian Buchert, acquired 5.59 phantom stock shares, increasing his total beneficial ownership to 624.075 shares.

Summary

• Brian D. Buchert, Executive Vice President of Strategy, M&A, and Business Planning at Church & Dwight Co., Inc. (CHD), acquired 5.59 phantom stock shares.
• The acquisition occurred on December 31, 2025, under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• Each phantom stock share converts to common stock on a 1-for-1 basis and is to be settled in cash as prescribed by the Plan.
• The price of the derivative security (phantom stock) was $83.85 per share.
• Following this transaction, Mr. Buchert beneficially owns a total of 624.075 phantom stock shares.
• The total value of the acquired phantom stock is approximately $468.62 (5.59 shares * $83.85/share).
• The total value of phantom stock beneficially owned by Mr. Buchert is approximately $52,339.74 (624.075 shares * $83.85/share).

Sentiment

Score: 6

Explanation: The acquisition of phantom stock by an executive, even a small amount, is generally a neutral to slightly positive signal as it indicates continued executive alignment with the company's performance through a compensation plan. It is not a significant market-moving event.

Positives

• Increased beneficial ownership by an executive, Brian D. Buchert, which can signal confidence in the company's future performance.
• The acquisition is part of a deferred compensation plan, aligning executive incentives with long-term company success.

Future Outlook

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

Industry Context

This insider transaction reflects a routine executive compensation event within the consumer staples industry, where deferred compensation plans are common for aligning management interests with long-term shareholder value. It does not indicate broader industry trends or competitive shifts.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value through deferred compensation.
• Employees: No direct impact on general employees, but reflects standard executive compensation practices.

Next Steps

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

Key Dates

Keywords

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