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 on April 30, 2024.

Summary

• Barry A. Bruno, an executive at Church & Dwight Co., Inc., acquired phantom stock on April 30, 2024.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• Bruno acquired 5.019 phantom stock shares at a price of $107.89 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, Bruno directly owns 441.496 derivative securities.

Sentiment

Score: 6

Explanation: The document is a neutral regulatory filing. The acquisition of phantom stock is generally a positive sign, but the document itself is simply a factual report.

Positives

• The acquisition of phantom stock by a key executive signals confidence in the company's future performance.

Industry Context

Executive compensation packages often include phantom stock to align management's interests with those of shareholders. This Form 4 filing is a routine disclosure of such a transaction.

Comparison to Industry Standards

• Executive compensation packages including phantom stock are common across publicly traded companies.
• The specific terms of the Church & Dwight Deferred Compensation Plan would need to be compared to those of peer companies to assess its relative generosity and effectiveness.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity compensation for their executives.

Stakeholder Impact

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

Key Dates