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

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

Summary

• On June 14, 2024, Rick Spann, EVP and Chief Supply Chain Officer of Church & Dwight Co., Inc., acquired 43.507 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 and will be settled in cash as prescribed by the Plan.
• Following the transaction, Spann directly owns 18,676.322 shares of Church & Dwight common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive as it aligns executive interests with company performance.

Positives

• The acquisition of phantom stock aligns executive compensation with company 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 align management interests with shareholder value. Deferred compensation plans are a common tool for attracting and retaining key executives.

Comparison to Industry Standards

• Many companies in the consumer staples sector, such as Procter & Gamble (PG) and Unilever (UL), utilize deferred compensation plans and equity-based awards like phantom stock as part of their executive compensation packages.
• These plans are designed to incentivize long-term performance and align executive interests with those of shareholders.
• The specific terms and conditions of these plans can vary widely, but the underlying goal is generally the same: to attract, retain, and motivate top talent.

Stakeholder Impact

• The acquisition of phantom stock aligns executive compensation with company performance, potentially benefiting shareholders.
• The Deferred Compensation Plan can help retain key executives, which is beneficial for the company's long-term success.

Key Dates