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

Carlos G. Linares, EVP Chief Technology & Global New Product at Church & Dwight Co. Inc., acquired 27.338 phantom stock shares as part of a deferred compensation plan.

Summary

• Carlos G. Linares, Executive Vice President, Chief Technology & Global New Product, acquired 27.338 phantom stock shares.
• The transaction occurred on July 31, 2025.
• The phantom stock was acquired at a price of $93.77 per share.
• These shares were obtained under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• Phantom stock shares convert to common stock on a 1-for-1 basis and are to be settled in cash as prescribed by the Plan.
• Following this acquisition, Mr. Linares beneficially owns 17,085.092 phantom stock shares.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates an executive's continued participation in the company's compensation structure, aligning their interests with shareholders, though the transaction size is small and routine.

Positives

• Executive Carlos G. Linares increased his beneficial ownership of phantom stock, indicating continued alignment with company performance through a deferred compensation plan.

Future Outlook

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

Industry Context

This transaction is a routine insider filing related to executive compensation, common across publicly traded companies, and does not reflect broader industry trends or competitive shifts.

Comparison to Industry Standards

• The acquisition of phantom stock through a deferred compensation plan is a standard practice for executive compensation in many industries, including consumer goods. This type of individual insider transaction does not typically lend itself to specific comparable company or project results.

Stakeholder Impact

• Shareholders: Executive's increased beneficial ownership of phantom stock aligns their interests with shareholder value creation.
• Employees: No direct impact on general employees.
• Customers/Suppliers/Creditors: No direct impact.

Next Steps

• Settlement of phantom stock shares in cash at a future date as per the Deferred Compensation Plan.

Key Dates

Recommendation

This Form 4 filing reports a routine acquisition of phantom stock by an executive under a deferred compensation plan. It does not contain information significant enough to warrant a change in investment recommendation. The transaction is small in scale and part of a standard compensation structure, thus it is neutral for investment decisions.

Keywords

Church & Dwight, CHD, SEC Form 4, Insider Transaction, Phantom Stock, Deferred Compensation, Executive Compensation, Carlos G. Linares