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

Carlos G. Linares, EVP Chief Tech&Global New Prod at Church & Dwight, acquired phantom stock shares under the company's Deferred Compensation Plan.

Summary

• Carlos G. Linares, an executive at Church & Dwight Co., acquired phantom stock on May 15, 2024.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• Linares acquired 21.001 phantom stock shares at a price of $107.18 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.
• Following the transaction, Linares beneficially owns 15,961.062 shares of common stock.

Sentiment

Score: 6

Explanation: The document is a routine SEC filing related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively. The acquisition of phantom stock is a standard practice.

Positives

• The acquisition of phantom stock by an executive demonstrates confidence in the company's future performance.
• The Deferred Compensation Plan provides a mechanism for executives to align their interests with those of the shareholders.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to incentivize performance and align executive interests with shareholder value. This is a common practice among publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock awards are common components of executive compensation packages in publicly traded companies like Church & Dwight.
• Companies such as Procter & Gamble (PG) and Unilever (UL) also utilize similar compensation strategies to attract and retain top talent.

Stakeholder Impact

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders, potentially driving long-term value creation.

Key Dates