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

Richard A. Dierker, EVP, CFO & Head of Business Operations at Church & Dwight Co. Inc., acquired phantom stock shares under the company's Deferred Compensation Plan on August 30, 2024.

Summary

• Richard A. Dierker, an executive at Church & Dwight Co. Inc., acquired 25.704 phantom stock shares on August 30, 2024.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The phantom stock converts to common stock on a 1-for-1 basis and will be settled in cash as prescribed by the Plan.
• The price of the phantom stock was $101.88 per share.
• Following the transaction, Dierker beneficially owns 13,730.72 shares of phantom stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, suggesting a neutral to slightly positive sentiment as it indicates alignment of executive interests with the company's performance.

Positives

• The acquisition of phantom stock by an executive demonstrates 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 phantom stock to align management's interests with those of shareholders. Deferred compensation plans are a common way to provide tax-advantaged savings for executives.

Comparison to Industry Standards

• Executive compensation packages vary widely across the consumer goods industry.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation, including stock options and restricted stock units, in addition to base salary and cash bonuses.
• The specific mix of compensation components depends on factors such as company size, performance, and industry norms.

Stakeholder Impact

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders, potentially driving long-term value creation.

Key Dates