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

Richard A. Dierker, EVP, CFO & Head of Business Operations at Church & Dwight Co., Inc., acquired phantom stock shares under the company's Deferred Compensation Plan.

Summary

• Richard A. Dierker, an executive at Church & Dwight Co., Inc., filed a Form 4 indicating a change in beneficial ownership.
• The transaction involved the acquisition of 24.004 phantom stock shares on March 14, 2025, at a price of $109.1 per share.
• These phantom stock shares were acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The phantom stock converts to common stock on a 1-for-1 basis but will be settled in cash as prescribed by the Plan.
• Following the reported transaction, Dierker beneficially owns 14,999.095 shares of common stock.

Sentiment

Score: 6

Explanation: The document is a routine filing related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of phantom stock by an executive demonstrates confidence in the company's future performance.
• The Deferred Compensation Plan provides a mechanism for executives to align their interests with those of the shareholders.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to incentivize performance and align executive interests with shareholder value. 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 publicly traded companies like Church & Dwight.
• Companies such as Procter & Gamble (PG) and Colgate-Palmolive (CL) also utilize similar compensation strategies to attract and retain top talent.

Stakeholder Impact

• The acquisition of phantom stock by an executive can signal confidence in the company's future, potentially impacting shareholder sentiment positively.
• The Deferred Compensation Plan impacts the executive's financial incentives and alignment with company performance.

Key Dates