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

Carlen Hooker, EVP and Chief Commercial Officer of Church & Dwight, acquired phantom stock shares under the company's Deferred Compensation Plan.

Summary

• On July 15, 2024, Carlen Hooker, EVP and Chief Commercial Officer of Church & Dwight Co., Inc., acquired 15.462 shares of phantom stock.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The 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.
• The price of the phantom stock was $101.18 per share.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive as it incentivizes management. There are no indications of negative news or concerns.

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 phantom stock or similar instruments to incentivize performance and retain key personnel. Deferred compensation plans are a common tool for executives to defer income and reduce current tax liabilities.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock awards are common practices among publicly traded companies to align executive compensation with shareholder value.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize similar compensation strategies for their executives.

Stakeholder Impact

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders, potentially leading to better company performance.

Key Dates