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

Carlen Hooker, EVP and Chief Commercial Officer of Church & Dwight Co., Inc., acquired phantom stock shares under the company's Deferred Compensation Plan on April 1, 2024.

Summary

• Carlen Hooker, an executive at Church & Dwight Co., Inc., acquired 12.187 shares of phantom stock on April 1, 2024.
• 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, Hooker directly owns 1,622.187 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally viewed neutrally to positively as it aligns executive interests with company performance.

Positives

• The acquisition of phantom stock aligns the executive's interests with the company's performance.
• The Deferred Compensation Plan provides a tax-advantaged way for executives to save for retirement.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to incentivize performance and retain key personnel. 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 companies of similar size and industry to Church & Dwight.
• Companies like Procter & Gamble (PG) and Colgate-Palmolive (CL) also utilize similar compensation strategies to align executive interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock has a minimal direct impact on shareholders.
• It reinforces the company's commitment to incentivizing its executives.

Key Dates