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

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

Summary

• On October 15, 2024, Carlen Hooker, EVP and Chief Commercial Officer of Church & Dwight Co., Inc., acquired 14.992 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 $104.35.
• Following the transaction, Hooker directly owns 1,813.748 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive as it incentivizes management. There are no indications of negative sentiment.

Positives

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

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 top talent.

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 long-term incentive, similar to stock options or restricted stock units, but settled in cash.

Stakeholder Impact

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders, potentially leading to better company performance.

Key Dates