Form 4: Church & Dwight Executive Acquires Phantom Stock

Patrick de Maynadier, EVP, Gen. Counsel & Secretary of Church & Dwight Co., Inc., reports acquisition of phantom stock under the company's Deferred Compensation Plan.

Summary

• On September 13, 2024, Patrick de Maynadier, EVP, Gen. Counsel & Secretary of Church & Dwight Co., Inc., acquired 15.681 shares of phantom stock.
• The phantom stock was acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• These shares are to be settled in cash as prescribed by the Plan.
• The price of the phantom stock was $104.04.
• Following the transaction, de Maynadier directly owns 15,323.316 shares of phantom stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction.

Positives

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

Future Outlook

The phantom stock shares are to be settled in cash at a future date as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's participation in a deferred compensation plan, which is a common practice among publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common tool used by companies like Church & Dwight (CHD) to attract and retain top talent.
• Similar plans are offered by competitors such as Procter & Gamble (PG) and Colgate-Palmolive (CL).
• The specifics of these plans, including vesting schedules and payout terms, can vary widely.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency into executive compensation practices.

Key Dates