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

Carlos G. Linares, an EVP at Church & Dwight, acquired 20,647 phantom stock units under the company's Deferred Compensation Plan.

Summary

• Carlos G. Linares, an Executive Vice President at Church & Dwight Co Inc, acquired 20,647 phantom stock units on November 15, 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 $109.02.

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 an 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 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 are a common practice among publicly traded companies to incentivize and retain key executives.
• The use of phantom stock is a typical method for providing equity-based compensation without issuing actual shares immediately.
• 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