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

Carlos G. Linares, EVP Chief Tech & Global New Prod at Church & Dwight Co., Inc., acquired phantom stock shares under the company's Deferred Compensation Plan on April 15, 2025.

Summary

• On April 15, 2025, Carlos G. Linares, an executive at Church & Dwight Co., Inc., acquired 24.398 phantom stock shares.
• The acquisition was made under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• 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.
• The price of the phantom stock was $105.07 per share.
• Following the transaction, Linares beneficially owns 16,848.503 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to slightly positive as it indicates alignment of interests. There are no red flags or negative implications.

Positives

• The acquisition of phantom stock by an executive demonstrates alignment with the company's long-term performance.
• The Deferred Compensation Plan provides a mechanism for executives to accumulate wealth tied to the company's success.

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

• Church & Dwight's executive compensation practices, including the use of phantom stock, are generally in line with industry standards for companies of similar size and market capitalization.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation for their executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the company's commitment to incentivizing its executives, which can indirectly benefit shareholders through improved performance.

Key Dates

Keywords

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