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

Richard A. Dierker, EVP, CFO & Head of Business Operations at Church & Dwight Co., Inc., acquired 23,779 phantom stock units under the company's Deferred Compensation Plan.

Summary

• Richard A. Dierker, an executive at Church & Dwight Co., Inc., acquired 23,779 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 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.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive. The acquisition of phantom stock can be seen as a sign of confidence in the company's future.

Positives

• The acquisition of phantom stock by a high-ranking executive can be seen as a positive sign of 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 Deferred Compensation 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 for executive compensation in publicly traded companies like Church & Dwight.
• Many companies, such as Procter & Gamble (PG) and Colgate-Palmolive (CL), use similar compensation structures to align executive interests with shareholder value.

Stakeholder Impact

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

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, Church & Dwight, CHD, insider trading, SEC Form 4