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

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

Summary

• Carlos G. Linares, an executive at Church & Dwight Co., Inc., filed a Form 4 indicating a change in beneficial ownership.
• The transaction involved the acquisition of 21.711 phantom stock shares on June 28, 2024, at a price of $103.68 per share.
• These shares were acquired 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.
• Following the reported transaction, Linares beneficially owns 16,066.92 derivative securities.
• The filing was signed by Cristina Paradiso, attorney-in-fact for Carlos G. Linares, on July 1, 2024.

Sentiment

Score: 6

Explanation: The document reflects a routine executive compensation transaction. It's neither overwhelmingly positive nor negative, but rather a standard practice.

Positives

• The acquisition of phantom stock by an executive can be seen as a positive sign, indicating confidence in the company's future performance.
• Participation in the Deferred Compensation Plan allows executives to align their interests with those of the shareholders.

Future Outlook

The phantom stock shares will be settled in cash at a future date as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.

Industry Context

Executive compensation packages often include stock options or phantom stock to incentivize performance and align executive interests with shareholder value. Deferred compensation plans are a common tool for executives to defer income and potentially reduce their current tax burden.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies to attract and retain top executive talent.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation for their executives.
• The specific terms and conditions of deferred compensation plans can vary significantly between companies, depending on factors such as company size, industry, and executive performance.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It primarily affects the executive's personal financial situation and aligns their interests with the company's long-term performance.

Key Dates