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

Carlen Hooker, EVP and Chief Commercial Officer at Church & Dwight, acquired 14,808 phantom stock units under the company's Deferred Compensation Plan.

Summary

• Carlen Hooker, an executive at Church & Dwight Co Inc, acquired 14,808 phantom stock units on December 13, 2024.
• The phantom stock was acquired under the company's Deferred Compensation Plan.
• These phantom stock units will convert to common stock on a 1-for-1 basis.
• The phantom stock will be settled in cash at a future date as prescribed by the plan.
• The price of the phantom stock was $105.64 per unit.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally to slightly positive as it aligns executive interests with company performance.

Positives

• The acquisition of phantom stock by an executive demonstrates confidence in the company's future performance.
• The deferred compensation plan allows for long-term alignment of executive interests with shareholder value.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies to incentivize and retain key executives.
• The use of phantom stock is a typical method for providing equity-based compensation without issuing actual shares immediately.
• Many companies in the consumer goods sector, such as Procter & Gamble (PG) and Colgate-Palmolive (CL), utilize similar compensation structures.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, insider trading, Church & Dwight, CHD