Form 4: Church & Dwight Executive Acquires Phantom Stock

Carlen Hooker, EVP and Chief Commercial Officer of Church & Dwight Co., Inc., acquired phantom stock shares under the company's Deferred Compensation Plan.

Summary

• Carlen Hooker, an executive at Church & Dwight Co., Inc., filed a Form 4.
• The filing reports a transaction involving phantom stock acquired on May 15, 2024.
• Hooker acquired 11.942 phantom stock shares at a price of $107.18 each.
• These phantom stock shares convert to common stock on a 1-for-1 basis.
• The shares were acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan and are to be settled in cash as prescribed by the Plan.
• Following the reported transaction, Hooker beneficially owns 1,658.593 derivative securities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing regarding executive compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock shares will be settled in cash at a future date as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.

Industry Context

This filing is a routine disclosure of executive compensation in the form of phantom stock, which is a common practice among publicly traded companies to incentivize and retain key personnel.

Comparison to Industry Standards

• Executive compensation packages, including phantom stock, are common in the consumer goods industry.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation for their executives.
• The specific terms of the Church & Dwight Deferred Compensation Plan would need to be compared to those of similar companies to assess its competitiveness.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to executive compensation and potential future dilution upon conversion of the phantom stock.

Key Dates