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 June 28, 2024.

Summary

• Richard A. Dierker, an executive at Church & Dwight Co., Inc., filed a Form 4 on July 1, 2024, reporting a transaction.
• On June 28, 2024, Dierker acquired 25.258 shares of phantom stock 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 $103.68 per share.
• Following the transaction, Dierker beneficially owns 13,626.223 shares of phantom stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard executive compensation transaction. It doesn't inherently indicate positive or negative performance for the company.

Positives

• The acquisition of phantom stock by a high-ranking executive could be seen as a positive sign of confidence in the company's future performance.

Future Outlook

The phantom stock 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 phantom stock or similar instruments to align executive interests with shareholder value and encourage long-term performance.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects executive compensation practices.

Key Dates