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

Carlen Hooker, EVP and Chief Commercial Officer at Church & Dwight, acquired 14.205 phantom stock units under the company's Deferred Compensation Plan.

Summary

• Carlen Hooker, an executive at Church & Dwight Co Inc, acquired 14.205 phantom stock units on November 29, 2024.
• The phantom stock was acquired under the company's Deferred Compensation Plan.
• These phantom stock units will convert to common stock on a 1-for-1 basis.
• The phantom stock 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.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive. The acquisition of phantom stock may indicate confidence in the company's future performance.

Positives

• The acquisition of phantom stock by a key executive may indicate confidence in the company's future performance.

Future Outlook

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

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock awards are common practices among publicly traded companies to incentivize and retain key executives.
• Many companies in the consumer goods sector, such as Procter & Gamble (PG) and Colgate-Palmolive (CL), utilize similar compensation structures.

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