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 15, 2024, Brian D. Buchert, EVP of Strategy, M&A, and Business Planning at Church & Dwight Co., Inc., acquired 4.317 shares of phantom stock.
• 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 per share.
• Following the transaction, Buchert beneficially owns 493.993 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a stable and well-managed company. The sentiment is neutral to slightly positive.

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.

Future Outlook

NA

Industry Context

Executive compensation packages often include phantom stock or similar instruments to incentivize performance and retain key personnel. This filing reflects a standard practice in corporate governance.

Comparison to Industry Standards

• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize deferred compensation plans and stock-based awards as part of their executive compensation packages.
• The amount of phantom stock awarded is typical for executives at similar levels within comparable consumer goods companies.
• The 1-for-1 conversion of phantom stock to common stock is a standard feature in these types of plans.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning executive interests with company performance.
• The executive benefits from the deferred compensation plan, which can improve retention.

Key Dates