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

Rick Spann, EVP and Chief Supply Chain Officer at Church & Dwight, acquired phantom stock shares under the company's Deferred Compensation Plan on February 29, 2024.

Summary

• Rick Spann, an executive at Church & Dwight Co., Inc., acquired phantom stock shares on February 29, 2024.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• A total of 45.003 phantom stock shares were acquired at a price of $100.12 per share.
• These phantom stock shares are convertible to common stock on a 1-for-1 basis and will be settled in cash as prescribed by the Plan.
• Following the transaction, Mr. Spann directly owns 16,831.632 shares.
• The form was filed on March 1, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine executive compensation transaction, indicating confidence in the company's future performance.

Positives

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

Future Outlook

The phantom stock will be settled in cash at a future date as prescribed by the Deferred Compensation Plan.

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

• Many companies in the consumer staples sector, such as Procter & Gamble (PG) and Unilever (UL), utilize deferred compensation plans and stock-based awards as part of their executive compensation packages.
• The specific terms of these plans, including vesting schedules and settlement methods, can vary significantly between companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the company's commitment to incentivizing its executives.

Key Dates