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

Carlen Hooker, EVP and Chief Commercial Officer of Church & Dwight Co., Inc., acquired phantom stock shares under the company's Deferred Compensation Plan on October 31, 2024.

Summary

• Carlen Hooker, an executive at Church & Dwight Co., Inc., acquired phantom stock on October 31, 2024.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• A total of 15.658 phantom stock shares were acquired at a price of $99.91 per share.
• These phantom stock shares are convertible to common stock on a 1-for-1 basis and will be settled in cash as prescribed by the Plan.
• Following the transaction, Hooker directly owns 1,829.406 phantom stock shares.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive as it incentivizes management. The sentiment is slightly positive due to the alignment of executive and shareholder interests.

Positives

• The acquisition of phantom stock aligns the executive's interests with the company's performance.
• The Deferred Compensation Plan provides a mechanism for executives to accumulate wealth tied to the company's success.

Future Outlook

The phantom stock shares 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

• Deferred compensation plans are a common component of executive compensation packages in publicly traded companies.
• Phantom stock is often used as a tool to provide long-term incentives without diluting existing shareholders.
• The specific terms of the Church & Dwight plan would need to be compared to similar plans at peer companies to assess its competitiveness.

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 improve company performance, which benefits shareholders.

Key Dates