Form 4: Church & Dwight Executive Acquires Phantom Stock
SEC Filing
Patrick de Maynadier, EVP, Gen. Counsel & Secretary of Church & Dwight Co., Inc., reports acquisition of phantom stock units convertible to common stock.
Summary
- Patrick de Maynadier, an executive at Church & Dwight Co., Inc., filed a Form 4.
- The filing reports the acquisition of 15.246 units of phantom stock on May 31, 2024, at a price of $107.01 per unit.
- These phantom stock shares are convertible to common stock on a 1-for-1 basis and are to be settled in cash as prescribed by the company's Deferred Compensation Plan.
- Following the reported transaction, de Maynadier beneficially owns 15,121.691 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of an insider transaction, neither particularly positive nor negative.
Future Outlook
The phantom stock will be settled in cash at a future date as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.
Industry Context
Form 4 filings are routine disclosures of insider transactions and provide transparency into executive compensation and ownership within publicly traded companies. This filing indicates an executive's participation in a deferred compensation plan.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of phantom stock acquisition |
| 06/03/2024 | Date of Form 4 filing |
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