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

Richard A. Dierker, EVP, CFO & Head of Business Operations at Church & Dwight Co., Inc., acquired 21,089 phantom stock units under the company's Deferred Compensation Plan.

Summary

• Richard A. Dierker, an executive at Church & Dwight Co., Inc., acquired 21,089 phantom stock units on January 31, 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.
• Following the transaction, Mr. Dierker directly owns 14,044.78 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 the company's performance. There is no indication of any negative or unusual activity.

Positives

• The acquisition of phantom stock by a key executive demonstrates alignment with the company's long-term performance.
• The deferred compensation plan allows for tax-advantaged savings for the executive.

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 standard practice for executive compensation in publicly traded companies, aligning executive interests with shareholder value through equity-based incentives.

Comparison to Industry Standards

• Many companies, such as Procter & Gamble (PG) and Colgate-Palmolive (CL), use similar deferred compensation plans and phantom stock awards as part of their executive compensation packages.
• These plans are designed to retain key talent and incentivize long-term performance, which is a common practice across the consumer goods industry.
• The specific terms of the plan, such as the vesting schedule and settlement method, are typical for these types of arrangements.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with the company's long-term performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, insider trading, Church & Dwight, CHD, Richard A. Dierker