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

• On July 31, 2024, Carlos G. Linares, an executive at Church & Dwight Co., Inc., acquired 22.967 shares of phantom stock.
• 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 $98.01 per share.
• Following the transaction, Linares beneficially owns 16,112.133 shares of phantom stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive as it incentivizes management. The use of a deferred compensation plan is a common practice.

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

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

Industry Context

Deferred compensation plans are a common way for companies to attract and retain top executive talent. Phantom stock is a type of deferred compensation that gives the executive the right to receive the value of a certain number of shares of the company's stock at a future date.

Comparison to Industry Standards

• Many companies in the consumer staples industry, such as Procter & Gamble (PG) and Unilever (UL), offer deferred compensation plans to their executives.
• The specific terms of these plans, such as the vesting schedule and the form of payment, can vary widely.

Stakeholder Impact

• The acquisition of phantom stock has a minimal direct impact on shareholders.
• It aligns the executive's interests with the long-term performance of the company, which can indirectly benefit shareholders.

Key Dates