Form 4: Church & Dwight Executive Acquires Phantom Stock
SEC Form 4 Filing
Barry A. Bruno, EVP, Chf Mktng Offcr Pres CD of Church & Dwight Co., Inc., acquired phantom stock shares under the company's Deferred Compensation Plan on September 30, 2024.
Summary
- On September 30, 2024, Barry A. Bruno, an executive at Church & Dwight Co., Inc., acquired 5.17 phantom stock shares.
- The transaction occurred under the Church & Dwight Co., Inc. Deferred Compensation Plan.
- The phantom stock shares convert to common stock on a 1-for-1 basis and will be settled in cash as prescribed by the Plan.
- The price of the phantom stock was $104.72 per share.
- Following the transaction, Mr. Bruno directly owns 496.311 phantom stock shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard executive compensation transaction. It doesn't inherently indicate positive or negative performance, but rather a routine part of executive pay.
Positives
- The acquisition of phantom stock by an executive can be seen as a positive sign, indicating confidence in the company's future performance.
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
Executive compensation packages often include phantom stock to align management's interests with those of shareholders. This Form 4 filing provides transparency into these transactions.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of phantom stock acquisition by Barry A. Bruno |
| 10/01/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.