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

Carlos G. Linares, EVP at Church & Dwight, acquired 21,761 phantom stock units under the company's Deferred Compensation Plan.

Summary

• Carlos G. Linares, an Executive Vice President at Church & Dwight Co., Inc., acquired 21,761 phantom stock units on January 15, 2025.
• 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 $103.44.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is neither particularly positive nor negative. It is a normal part of corporate operations.

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.
• The 1-for-1 conversion of phantom stock to common stock is a standard approach in such plans.
• The cash settlement of phantom stock at a future date is also a common feature of these plans.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is part of the executive compensation plan.
• The transaction has a positive impact on the executive as it provides additional compensation.

Key Dates

Keywords

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