Form 4: Church & Dwight Executive Acquires Phantom Stock

Rick Spann, EVP Chief Supply Chain Officer at Church & Dwight Co., Inc., acquired phantom stock under the company's Deferred Compensation Plan.

Summary

• On October 31, 2024, Rick Spann, EVP Chief Supply Chain Officer of Church & Dwight Co., Inc., acquired 46.899 shares of phantom stock.
• The phantom stock was acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• These shares convert to common stock on a 1-for-1 basis and are to be settled in cash as prescribed by the Plan.
• Following the transaction, Mr. Spann directly owns 19,140.901 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive as it aligns executive interests with company performance.

Positives

• The acquisition of phantom stock aligns the executive's interests with the company's performance.
• The Deferred Compensation Plan provides a mechanism for long-term incentive compensation.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to incentivize performance and retain key personnel. This filing is a routine disclosure related to such compensation.

Comparison to Industry Standards

• Church & Dwight's executive compensation practices, including the use of phantom stock, are common among publicly traded companies.
• Companies like Procter & Gamble (PG) and Colgate-Palmolive (CL) also utilize various forms of equity-based compensation for their executives.

Stakeholder Impact

• The acquisition of phantom stock has a minimal direct impact on shareholders.
• It reinforces the company's commitment to incentivizing its executives.

Key Dates