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

Rick Spann, EVP and Chief Supply Chain Officer at Church & Dwight, acquired phantom stock shares under the company's Deferred Compensation Plan.

Summary

• On June 28, 2024, Rick Spann, EVP and Chief Supply Chain Officer of Church & Dwight Co., Inc., acquired 45.193 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 but will be settled in cash as prescribed by the Plan.
• The price of the phantom stock was $103.68 per share.
• Following the transaction, Mr. Spann directly owns 18,721.515 shares of phantom stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure of executive compensation and holdings, common in publicly traded companies. It provides transparency into the alignment of executive interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies to attract and retain top talent.
• Phantom stock plans are often used as a component of deferred compensation, providing executives with benefits similar to stock ownership without actual equity transfer until a later date.
• The specifics of Church & Dwight's plan (cash settlement, conversion ratio) would need to be compared to similar companies to assess its relative generosity and effectiveness.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding executive compensation.

Key Dates