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 September 13, 2024, Brian D. Buchert, EVP of Strategy, M&A, and Business Planning at Church & Dwight Co., Inc., acquired phantom stock shares.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• A total of 4.33 phantom stock shares were acquired at a price of $104.04 per share.
• These 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.
• Following the transaction, Buchert directly owns 485.373 phantom stock shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally. The acquisition of phantom stock is a positive sign of alignment between the executive and the company's long-term performance.

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 deferred compensation and phantom stock to incentivize long-term performance and align executive interests with shareholder value. This is a common practice among publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock awards are common components of executive compensation packages in publicly traded companies, particularly those of Church & Dwight's size and industry.
• Companies like Procter & Gamble (PG) and Colgate-Palmolive (CL) also utilize similar compensation strategies to attract and retain top talent.
• The specific terms of the Church & Dwight plan, such as the conversion ratio and settlement method, would need to be compared to those of its peers to determine its relative competitiveness.

Stakeholder Impact

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders, potentially leading to better long-term performance.
• The Deferred Compensation Plan can help attract and retain key executives, which benefits the company and its stakeholders.

Key Dates