Form 4: Church & Dwight EVP Receives Equity Compensation

Mark J Magazine, EVP Chief Commercial Officer of Church & Dwight, was granted 750 Restricted Stock Units and 7,890 Stock Options on September 1, 2025.

Summary

• Mark J Magazine, EVP Chief Commercial Officer, was granted 750 Restricted Stock Units (RSUs) on September 1, 2025, at a price of $93.16 per unit. These RSUs will vest in three annual installments beginning September 1, 2026, converting to common stock on a one-for-one basis, contingent on continuous employment.
• Additionally, 7,890 Stock Options were granted on September 1, 2025, with an exercise price of $93.16. These options become exercisable on September 1, 2028, and expire on September 1, 2035.
• Beneficially owned Restricted Stock Units from prior grants include: 12 RSUs granted January 15, 2021 (vesting December 1, 2025); 150 RSUs granted March 1, 2023 (vesting March 1, 2026); 390 RSUs granted March 1, 2023 (vesting in three annual installments starting March 21, 2024); 350 RSUs granted March 1, 2024 (vesting in three annual installments starting March 1, 2025); and 330 RSUs granted March 3, 2025 (vesting in three annual installments starting March 3, 2026).
• An additional 1,217.274 shares of Common Stock are beneficially owned.

Sentiment

Score: 7

Explanation: Routine executive compensation, positive for aligning management incentives with shareholder value, but not a significant market-moving event.

Positives

• The equity grants align the executive's long-term interests with those of shareholders, promoting sustained performance.
• The grants serve as a retention mechanism for a key executive, ensuring continuity in leadership.

Negatives

• The grants do not provide immediate cash compensation to the executive.
• Vesting of RSUs and exercisability of stock options are contingent on continuous employment, introducing a condition for the executive to realize the full value.

Risks

• Continuous employment is required for the RSUs to vest and for the stock options to become exercisable, meaning the executive could forfeit unvested awards if employment ceases.

Future Outlook

The executive's future compensation is tied to the company's stock performance through the vesting of RSUs and the exercisability of stock options, with various vesting and exercisability dates extending through 2035.

Industry Context

The granting of Restricted Stock Units and Stock Options is a standard practice in executive compensation across various industries, particularly for publicly traded companies, to incentivize long-term performance and align management interests with shareholder value.

Comparison to Industry Standards

• Equity-based compensation, including RSUs and stock options, is a common component of executive pay packages in large public companies like Church & Dwight. This practice is consistent with global benchmarks for attracting and retaining top talent while linking compensation to company performance.

Stakeholder Impact

• Shareholders benefit from the alignment of executive incentives with long-term company performance, potentially leading to increased shareholder value.
• Employees (specifically the reporting executive) are incentivized to remain with the company and contribute to its success to realize the value of their equity awards.

Next Steps

• The 750 RSUs granted on September 1, 2025, will begin vesting in three annual installments starting September 1, 2026.
• The 7,890 Stock Options granted on September 1, 2025, will become exercisable on September 1, 2028.
• Various other RSU grants will continue to vest according to their respective schedules, with the next vesting event for 12 RSUs on December 1, 2025.

Key Dates

Recommendation

This Form 4 filing reports routine equity compensation grants to a key executive. While positive for aligning management incentives, it does not present new information that would significantly alter the investment thesis for Church & Dwight stock, warranting a 'hold' recommendation.

Keywords

Church & Dwight, CHD, Mark J Magazine, SEC Form 4, Insider Transaction, Equity Compensation, Restricted Stock Units, Stock Options, Executive Compensation