Form 4: Church & Dwight Executive Acquires Phantom Stock

Church & Dwight Co. Inc. EVP Brian D. Buchert acquired 5.505 phantom stock shares under a deferred compensation plan, to be settled in cash.

Summary

• Brian D. Buchert, Executive Vice President of Strategy, M&A, and Business Planning for Church & Dwight Co., Inc. (CHD), acquired 5.505 phantom stock shares.
• The transaction occurred on November 28, 2025.
• The phantom stock shares were acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• These phantom stock shares convert to common stock on a 1-for-1 basis but are to be settled in cash as prescribed by the Plan.
• The implied price of the underlying common stock at the time of acquisition was $85.16 per share.
• Following this transaction, Brian D. Buchert beneficially owns 610.86 phantom stock shares directly.

Sentiment

Score: 5

Explanation: This is a neutral, routine insider transaction related to executive compensation, not indicative of significant positive or negative company performance or strategic shifts.

Positives

• The acquisition of phantom stock aligns executive compensation with the company's stock performance, even though it is cash-settled, encouraging long-term value creation.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Acquisition of 5.505 phantom stock shares by EVP Brian D. Buchert under the Church & Dwight Co., Inc. Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: The transaction is part of executive compensation, which aims to align management interests with shareholder value, though this specific phantom stock is cash-settled.
• Employees: Reflects standard executive compensation practices within the company.

Key Dates

Recommendation

This Form 4 filing reports a routine acquisition of phantom stock by an executive as part of a deferred compensation plan. It does not contain information that would significantly alter the investment thesis for Church & Dwight Co., Inc., thus a 'hold' recommendation is maintained based solely on this filing.

Keywords

Church & Dwight, CHD, Insider Transaction, Form 4, Phantom Stock, Executive Compensation, Brian D. Buchert