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

Barry A. Bruno, EVP and Chief Marketing Officer of Church & Dwight, acquired phantom stock shares under the company's Deferred Compensation Plan.

Summary

• Barry A. Bruno, an executive at Church & Dwight Co., Inc., acquired phantom stock shares on May 31, 2024.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• A total of 5.06 phantom stock shares were acquired at a price of $107.01 per share.
• These phantom stock shares are to be settled in cash as prescribed by the Plan.
• Following the transaction, Mr. Bruno directly owns 451.608 phantom stock shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally. The use of a deferred compensation plan is a common practice.

Positives

• The acquisition of phantom stock aligns the executive's interests with the company's performance.
• The Deferred Compensation Plan provides a mechanism for executives to accumulate wealth tied to the company's success.

Industry Context

Executive compensation packages often include stock options or similar instruments to incentivize performance and align executive interests with shareholder value. Phantom stock is a common tool used for this purpose.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning executive interests with company performance.

Key Dates