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

• On May 15, 2024, Barry A. Bruno, EVP and Chief Marketing Officer of Church & Dwight Co., Inc., acquired 5.052 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 $107.18 per share.
• Following the transaction, Bruno directly owns 446.548 phantom stock shares.

Sentiment

Score: 6

Explanation: The document describes a routine executive compensation transaction. It's neither overwhelmingly positive nor negative, but indicates ongoing alignment of executive interests with the company's performance.

Positives

• The acquisition of phantom stock by a high-ranking executive could be seen as a positive sign of their confidence in the company's future performance.

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 and incentivize long-term performance.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock awards are common practices among publicly traded companies to attract and retain top talent.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation for their executives.

Stakeholder Impact

• The acquisition of phantom stock by an executive can signal confidence in the company's future, potentially impacting shareholder sentiment positively.

Key Dates