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 October 15, 2024.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• Dierker acquired 25.096 shares of phantom stock at a price of $104.35 per share.
• Following the transaction, Dierker beneficially owns 13,842.929 derivative securities.
• 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.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to executive compensation, which can be seen as a positive sign of aligning executive interests with company performance.

Positives

• The acquisition of phantom stock by a high-ranking executive signals 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 in publicly traded companies like Church & Dwight.
• Companies such as Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation to incentivize their executives.

Stakeholder Impact

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

Key Dates