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

Rick Spann, EVP and Chief Supply Chain Officer of Church & Dwight Co., Inc., acquired phantom stock shares under the company's Deferred Compensation Plan on March 7, 2024.

Summary

• On March 7, 2024, Rick Spann, the EVP and Chief Supply Chain Officer of Church & Dwight Co., Inc., acquired 1,299.743 shares of phantom stock under the company's 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 $104.12 per share.
• Following the transaction, Mr. Spann beneficially owns 18,313.883 shares of phantom stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, suggesting stability and alignment of interests. The acquisition of phantom stock is a positive sign, indicating confidence in the company's future performance.

Positives

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

Future Outlook

The phantom stock will be settled in cash at such time as prescribed by the Plan.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to align executive interests with shareholder value and incentivize long-term performance.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock awards are common practices among publicly traded companies to attract and retain top executive talent.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation for their executives.

Stakeholder Impact

• The acquisition of phantom stock by an executive can positively influence shareholder sentiment by aligning management's interests with the company's long-term success.

Key Dates