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

Carlos G. Linares, EVP Chief Tech & Global New Prod at Church & Dwight, acquired phantom stock shares under the company's Deferred Compensation Plan.

Summary

• Carlos G. Linares, an executive at Church & Dwight Co., Inc., acquired phantom stock shares on August 30, 2024.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• A total of 22.094 phantom stock shares were acquired at a price of $101.88 per share.
• These phantom stock shares convert to common stock on a 1-for-1 basis and will be settled in cash as prescribed by the Plan.
• Following the transaction, Linares directly owns 16,156.738 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally viewed neutrally to positively as it aligns executive interests with shareholder value. The sentiment is slightly positive due to the executive's increased stake in the company.

Positives

• The acquisition of phantom stock by a high-ranking executive signals confidence in the company's future performance.

Future Outlook

The phantom stock shares will be settled in cash at a future date as prescribed by the Deferred Compensation Plan.

Industry Context

Executive compensation packages often include stock options or phantom stock to align management's interests with those of shareholders. Deferred compensation plans are a common tool for attracting and retaining key executives.

Stakeholder Impact

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders.

Key Dates