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 phantom stock under the company's Deferred Compensation Plan on February 14, 2025.

Summary

• Richard A. Dierker, an executive at Church & Dwight Co. Inc., filed a Form 4 on February 17, 2025, reporting a transaction.
• On February 14, 2025, Dierker acquired 21.192 shares of phantom stock under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The phantom stock converts to common stock on a 1-for-1 basis and will be settled in cash as prescribed by the Plan.
• Following the transaction, Dierker beneficially owns 14,065.972 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard executive compensation practice. The acquisition of phantom stock suggests confidence in the company's future performance.

Positives

• The acquisition of phantom stock aligns the executive's interests with the company's performance.

Future Outlook

The phantom stock will be settled in cash at a future date as prescribed by the Deferred Compensation Plan.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to incentivize performance and align executive interests with shareholder value. This filing reflects a standard practice in corporate governance.

Comparison to Industry Standards

• Church & Dwight's executive compensation practices, including the use of phantom stock, are generally in line with industry standards for publicly traded companies of similar size and scope.
• Companies like Procter & Gamble (PG) and Colgate-Palmolive (CL) also utilize various forms of equity-based compensation to incentivize their executives.

Stakeholder Impact

• The acquisition of phantom stock has a minimal direct impact on stakeholders in the short term.
• In the long term, it incentivizes the executive to drive company performance, which could benefit shareholders, employees, and other stakeholders.

Key Dates

Keywords

Form 4, phantom stock, Deferred Compensation Plan, Richard A. Dierker, Church & Dwight, CHD, beneficial ownership, executive compensation