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

Rick Spann, EVP and Chief Supply Chain Officer at Church & Dwight, acquired 42,547 phantom stock units under the company's Deferred Compensation Plan.

Summary

• Rick Spann, an executive at Church & Dwight, acquired 42,547 phantom stock units on November 29, 2024.
• These phantom stock units were acquired under the company's Deferred Compensation Plan.
• The phantom stock 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.
• Following the transaction, Mr. Spann directly owns 19,226.427 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. It indicates that the executive is incentivized to perform well for the company.

Positives

• The acquisition of phantom stock aligns executive compensation with company performance.
• The deferred compensation plan allows for tax-advantaged savings for the executive.

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 are a common practice among publicly traded companies to attract and retain executive talent.
• Phantom stock is a common form of equity compensation, often used in conjunction with or instead of stock options.
• The specific terms of the plan, such as the vesting schedule and settlement terms, are typical for these types of arrangements.

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, Rick Spann, supply chain