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

Barry A. Bruno, EVP, Chf Mktng Offcr Pres CD of Church & Dwight Co., Inc., acquired phantom stock shares under the company's Deferred Compensation Plan on March 15, 2024.

Summary

• On March 15, 2024, Barry A. Bruno, an executive at Church & Dwight Co., Inc., acquired 5.189 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 $104.34 per share.
• Following the transaction, Mr. Bruno directly owns 425.991 derivative securities.

Sentiment

Score: 6

Explanation: The document is a neutral regulatory filing. The acquisition of phantom stock could be seen as a slightly positive sign, but it's primarily an administrative matter.

Positives

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

Future Outlook

The phantom stock shares are to be settled in cash at such time as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's participation in a deferred compensation plan, a common practice among publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common component of executive compensation packages in publicly traded companies like Church & Dwight.
• Companies such as Procter & Gamble (PG) and Unilever (UL) also utilize deferred compensation plans as part of their executive remuneration strategies.
• The specific terms of these plans, such as the vesting schedule and payout structure, can vary significantly between companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency into executive compensation practices.

Key Dates