Form 4: Church & Dwight Executive Acquires Phantom Stock Under Deferred Compensation Plan

Carlos G. Linares, EVP at Church & Dwight, acquired 20,439 phantom stock units under the company's Deferred Compensation Plan.

Summary

• Carlos G. Linares, an Executive Vice President at Church & Dwight Co Inc, acquired 20,439 phantom stock units on November 29, 2024.
• These phantom stock units were acquired under the company's Deferred Compensation Plan.
• The phantom stock shares convert to common stock on a 1-for-1 basis.
• The phantom stock shares will be settled in cash at a future date as prescribed by the plan.
• The price of the underlying common stock at the time of the transaction was $110.13 per share.
• Following the transaction, Mr. Linares directly owns 16,328.536 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally viewed positively as it aligns management with shareholder interests. There are no indications of negative sentiment.

Positives

• The acquisition of phantom stock by an executive demonstrates confidence in the company's future performance.
• The deferred compensation plan allows for long-term alignment of executive interests with shareholder value.

Future Outlook

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

Industry Context

Executive compensation through equity-based awards like phantom stock is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Many companies use deferred compensation plans and phantom stock as part of their executive compensation packages.
• The specific terms of the Church & Dwight plan, such as the cash settlement, are typical of such arrangements.
• Companies like Procter & Gamble (PG) and Colgate-Palmolive (CL) also use similar compensation methods for their executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, insider trading, Church & Dwight, CHD, equity