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

Brian D. Buchert, EVP of Strategy, M&A, and Business Planning at Church & Dwight Co., Inc., acquired phantom stock shares under the company's Deferred Compensation Plan on June 28, 2024.

Summary

• On June 28, 2024, Brian D. Buchert, an executive at Church & Dwight Co., Inc., acquired 4.345 phantom stock shares.
• 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 $103.68 per share.
• Following the transaction, Buchert directly owns 461.785 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of phantom stock is a routine part of executive compensation and suggests confidence in the company's performance.

Positives

• The acquisition of phantom stock by an executive can be seen as a positive sign, indicating confidence in the company's future performance.
• The Deferred Compensation Plan allows executives to accumulate wealth tied to the company's success.

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 phantom stock or similar instruments to align management's interests with those of shareholders. This Form 4 filing provides transparency into such compensation practices at Church & Dwight.

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 way to provide executives with equity-like incentives without diluting existing shareholders' ownership.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of deferred compensation and equity-based awards for their executives.

Stakeholder Impact

• The acquisition of phantom stock aligns executive interests with shareholder value.
• The deferred compensation plan can help retain key executives.

Key Dates