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

Carlos G. Linares, EVP Chief Tech & Global New Prod at Church & Dwight Co., Inc., acquired phantom stock shares under the company's Deferred Compensation Plan on April 15, 2024.

Summary

• On April 15, 2024, Carlos G. Linares, an executive at Church & Dwight Co., Inc., acquired 22.159 shares of phantom stock.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The phantom stock converts to common stock on a 1-for-1 basis and will be settled in cash as prescribed by the Plan.
• The price of the phantom stock was $101.58 per share.
• Following the transaction, Linares directly owns 15,919.198 shares of phantom stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. It doesn't indicate any significant positive or negative developments for the company, hence a neutral to slightly positive sentiment.

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

This filing reflects routine executive compensation practices, specifically the use of deferred compensation plans and phantom stock, which are common methods for aligning executive interests with company performance and retaining key personnel.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies, including Church & Dwight's competitors in the consumer goods sector, such as Procter & Gamble (PG) and Unilever (UL).
• Phantom stock plans are also utilized by companies like Colgate-Palmolive (CL) to provide executives with equity-like incentives without diluting existing shareholders.
• The specific terms of Church & Dwight's plan, such as the cash settlement feature, are typical of these types of arrangements.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves phantom stock and not actual shares.
• The deferred compensation plan aims to align executive interests with the long-term performance of the company, potentially benefiting shareholders in the long run.

Key Dates