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

Patrick de Maynadier, EVP, General Counsel & Secretary at Church & Dwight Co., Inc., acquired 14,964 phantom stock units under the company's Deferred Compensation Plan.

Summary

• Patrick de Maynadier, an executive at Church & Dwight Co., Inc., acquired 14,964 phantom stock units.
• The acquisition occurred 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.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, 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 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 among publicly traded companies to incentivize and retain key executives.
• The specific terms of the plan, such as the vesting schedule and settlement method, are typical for these types of arrangements.
• Companies like Procter & Gamble (PG) and Colgate-Palmolive (CL) also use similar compensation strategies for their executives.

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