Form 4: Church & Dwight Executive Acquires Phantom Stock

Richard A. Dierker, EVP, CFO & Head of Business Operations at Church & Dwight Co., Inc., acquired phantom stock under the company's Deferred Compensation Plan.

Summary

• Richard A. Dierker, an executive at Church & Dwight Co., Inc., acquired phantom stock on April 15, 2024.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• A total of 25.78 phantom stock shares were acquired at a price of $101.58 per share.
• These phantom stock shares convert to common stock on a 1-for-1 basis and will be settled in cash as prescribed by the Plan.
• Following the transaction, Dierker beneficially owns 13,467.723 phantom stock shares.

Sentiment

Score: 6

Explanation: The document reflects a routine executive compensation transaction. It's neither overwhelmingly positive nor negative, but indicates ongoing alignment of executive interests with the company's performance.

Positives

• The acquisition of phantom stock by a high-ranking executive could be seen as a positive sign of confidence in the company's future performance.

Industry Context

Executive compensation packages often include phantom stock to align executive interests with shareholder value. This is a common practice among publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages, including phantom stock, are common across various industries.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize similar compensation strategies to incentivize their executives.
• The specific terms and conditions of phantom stock plans can vary significantly between companies.

Stakeholder Impact

• The acquisition of phantom stock by an executive can positively influence shareholder confidence by aligning management's interests with the company's long-term success.

Key Dates