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

Carlen Hooker, EVP and Chief Commercial Officer at Church & Dwight, acquired 14,349 phantom stock units under the company's Deferred Compensation Plan.

Summary

• Carlen Hooker, an executive at Church & Dwight Co. Inc., acquired 14,349 phantom stock units on November 15, 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.
• Following the transaction, Mr. Hooker directly owns 1,843,755 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally to slightly positive as it aligns executive interests with the company's performance.

Positives

• The acquisition of phantom stock by an 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 plan.

Industry Context

This type of transaction is common for executives as part of their compensation packages, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Deferred compensation plans, including phantom stock awards, are a common practice 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 for their executive teams.
• The specific terms of these plans, such as vesting schedules and settlement methods, can vary across companies, but the underlying principle of aligning executive compensation with company performance remains consistent.

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, insider trading, Church & Dwight, CHD