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

Brian D. Buchert, EVP of Strategy, M&A, and Business Planning at Church & Dwight Co., Inc., acquired phantom stock shares under the company's Deferred Compensation Plan.

Summary

• On October 31, 2024, Brian D. Buchert, EVP of Strategy, M&A, and Business Planning at Church & Dwight Co., Inc., acquired 4.509 phantom stock shares.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The phantom stock shares convert to common stock on a 1-for-1 basis and are to be settled in cash as prescribed by the Plan.
• The price of the phantom stock was $99.91.
• Following the transaction, Buchert directly owns 498.502 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally viewed neutrally. The use of deferred compensation plans is a common and accepted practice.

Positives

• The acquisition of phantom stock aligns the executive's interests with the long-term performance of the company.
• The Deferred Compensation Plan provides a tax-advantaged way for executives to save for retirement.

Future Outlook

NA

Industry Context

Executive compensation packages often include phantom stock or similar instruments to incentivize performance and align executive interests with shareholder value. Deferred compensation plans are a common tool for attracting and retaining key personnel.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies to attract and retain top talent.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of deferred compensation and equity-based awards for their executives.
• The specific terms of Church & Dwight's plan, such as the cash settlement of phantom stock, would need to be compared to similar plans at peer companies to assess its competitiveness.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
• It reinforces the company's commitment to incentivizing its executives.

Key Dates