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

• On March 7, 2024, Carlen Hooker, EVP, Chief Commercial Officer of Church & Dwight Co., Inc., acquired 411.37 shares of phantom stock.
• The phantom stock was acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The phantom stock 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. Hooker directly owns 1,597.733 derivative securities.

Sentiment

Score: 6

Explanation: The document is neutral, reporting a standard executive compensation transaction. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Positives

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

Future Outlook

The phantom stock will be settled in cash at a time prescribed by the Deferred Compensation Plan.

Industry Context

Executive compensation packages often include phantom stock to align executive interests with shareholder value. This Form 4 filing provides transparency into such compensation arrangements at Church & Dwight.

Comparison to Industry Standards

• Executive compensation packages including phantom stock are common across various industries to incentivize performance and align executive interests with shareholder value.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation for their executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to executive compensation and alignment of interests.

Key Dates