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 May 31, 2024.

Summary

• On May 31, 2024, Brian D. Buchert, an executive at Church & Dwight Co., Inc., acquired phantom stock shares.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• A total of 4.21 phantom stock shares were acquired at a price of $107.01 per share.
• These phantom stock shares are convertible to common stock on a 1-for-1 basis and will be settled in cash as prescribed by the Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive as it indicates alignment of management interests with shareholders.

Positives

• Executive participation in the Deferred Compensation Plan aligns executive interests with the long-term performance of the company.

Future Outlook

The phantom stock will be settled in cash at a future date as prescribed by the Deferred Compensation Plan.

Industry Context

Executive compensation, including deferred compensation plans and phantom stock awards, is a common practice in publicly traded companies to incentivize and retain key personnel.

Comparison to Industry Standards

• Deferred compensation plans are a standard component of executive compensation packages in many publicly traded companies, including Church & Dwight's competitors.
• The specific terms of the plan, such as the vesting schedule and payout structure, are likely benchmarked against industry peers to ensure competitiveness.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive compensation with company performance.

Key Dates