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

Brian D. Buchert, EVP of Strategy, M&A, and Business Planning at Church & Dwight, acquired phantom stock shares under the company's Deferred Compensation Plan.

Summary

• Brian D. Buchert, an executive at Church & Dwight Co., Inc., filed a Form 4 indicating a change in beneficial ownership.
• The transaction involved the acquisition of 4.719 phantom stock shares on April 30, 2025, under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• These phantom stock shares convert to common stock on a 1-for-1 basis but are to be settled in cash as prescribed by the Plan.
• Following the reported transaction, Buchert beneficially owns 535.669 derivative securities.
• The price of the derivative security is $99.34.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, indicating a stable and well-managed company. The use of deferred compensation suggests a focus on long-term value creation.

Positives

• The acquisition of phantom stock aligns the executive's interests with the company's performance.
• The Deferred Compensation Plan provides a mechanism for long-term incentive compensation.

Future Outlook

NA

Industry Context

Executive compensation packages often include deferred compensation and phantom stock to incentivize long-term performance and align executive interests with shareholder value. This filing reflects a standard practice in corporate governance.

Comparison to Industry Standards

• Deferred compensation plans are a common component of executive compensation packages in publicly traded companies, including competitors of Church & Dwight.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize similar compensation strategies to retain and incentivize key executives.
• The specific terms of the Church & Dwight plan, such as the vesting schedule and payout structure, would need to be compared to industry benchmarks to assess its competitiveness.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning executive interests with company performance.
• Employees may view the executive compensation package as a sign of the company's commitment to its leadership.

Key Dates

Keywords

Form 4, phantom stock, Deferred Compensation Plan, beneficial ownership, Church & Dwight, CHD, executive compensation