Form 4: Church & Dwight Executive Acquires Phantom Stock Under Deferred Compensation Plan
SEC Form 4 Filing
Carlen Hooker, EVP and Chief Commercial Officer at Church & Dwight, acquired 4,125 phantom stock units under the company's Deferred Compensation Plan.
Summary
- Carlen Hooker, an executive at Church & Dwight Co Inc, acquired 4,125 phantom stock units on January 15, 2025.
- 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.
- Following the transaction, Mr. Hooker directly owns 1,896.536 shares of common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine executive compensation transaction, which is generally viewed neutrally to slightly positive as it aligns executive interests with company performance.
Positives
- The acquisition of phantom stock by an executive demonstrates alignment with the company's long-term performance.
- The deferred compensation plan allows for tax-advantaged savings for the executive.
Industry Context
This type of transaction is common for executive compensation packages in publicly traded companies, aligning executive interests with shareholder value.
Comparison to Industry Standards
- Deferred compensation plans and phantom stock awards are common practices among publicly traded companies, including competitors like Procter & Gamble (PG) and Colgate-Palmolive (CL), to incentivize and retain key executives.
- These plans often vest over time and are settled in cash or stock, similar to the Church & Dwight plan.
- The specific terms of these plans vary by company, but the general structure is consistent with industry standards.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 01/15/2025 | Date of the phantom stock acquisition. |
| 01/16/2025 | Date the form was signed. |
Keywords
phantom stock, deferred compensation, executive compensation, insider trading, Church & Dwight, CHD
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