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 1, 2024.

Summary

• On April 1, 2024, Carlos G. Linares, an executive at Church & Dwight Co., Inc., acquired 21.434 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 $105.02 per share.
• Following the transaction, Mr. Linares beneficially owns 15,897.039 shares of phantom stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine executive compensation disclosure. The acquisition of phantom stock can be seen as a positive sign of executive confidence, but it's not a major event.

Positives

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

Future Outlook

The phantom stock 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 to align executive interests with shareholder value. This Form 4 filing is a routine disclosure of such activity.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock awards are common practices among publicly traded companies to incentivize and retain key executives.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize similar compensation strategies to align executive performance with long-term shareholder value.

Stakeholder Impact

• The acquisition of phantom stock by an executive can potentially align the executive's interests with those of the shareholders, as the value of the phantom stock is tied to the company's performance.

Key Dates