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

Carlen Hooker, EVP and Chief Commercial Officer at Church & Dwight, acquired 14.94 phantom stock units under the company's Deferred Compensation Plan.

Summary

• Carlen Hooker, an executive at Church & Dwight Co Inc, acquired 14.94 units of phantom stock on December 31, 2024.
• The phantom stock was acquired under the company's Deferred Compensation Plan.
• These phantom stock units will convert to common stock on a 1-for-1 basis.
• The phantom stock will be settled in cash at a future date as prescribed by the plan.
• The price of the phantom stock was $104.71 per unit.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive. The use of deferred compensation and phantom stock is a common practice.

Positives

• The acquisition of phantom stock by a key executive demonstrates alignment with the company's long-term performance.
• The deferred compensation plan allows for tax-advantaged savings for the executive.

Future Outlook

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

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies to incentivize and retain key executives.
• The use of phantom stock is a typical method for providing equity-based compensation without issuing actual shares immediately.
• The 1-for-1 conversion of phantom stock to common stock is a standard approach in these types of plans.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, Church & Dwight, insider trading, Form 4