Form 4: Church & Dwight Executive Acquires Phantom Stock Units
SEC Form 4 Filing
Patrick de Maynadier, an executive at Church & Dwight, acquired 14,814 phantom stock units under the company's Deferred Compensation Plan.
Summary
- Patrick de Maynadier, an Executive Vice President, General Counsel, and Secretary at Church & Dwight Co Inc, acquired 14,814 phantom stock units on November 29, 2024.
- These phantom stock units were acquired under the company's Deferred Compensation Plan.
- The phantom stock units convert to common stock on a 1-for-1 basis but will be settled in cash at a future date as prescribed by the plan.
- The price of the phantom stock was $110.13 per unit.
- Following this transaction, Mr. de Maynadier directly owns 15,400.636 phantom stock units.
Sentiment
Score: 7
Explanation: The document reflects a routine executive compensation transaction, which is generally viewed neutrally to slightly positive as it aligns executive interests with the company's performance.
Positives
- The acquisition of phantom stock units by an executive may indicate confidence in the company's future performance.
Future Outlook
The phantom stock units will be settled in cash at a future date as prescribed by the Deferred Compensation Plan.
Industry Context
This type of transaction is common for executive compensation packages, aligning executive interests with company performance.
Comparison to Industry Standards
- Many public companies use phantom stock or similar deferred compensation plans as part of their executive compensation packages.
- These plans are designed to incentivize long-term performance and align executive interests with shareholder value.
- The specific terms of the plan, such as the vesting schedule and settlement method, can vary widely between companies.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 08/08/1988 | Date associated with the phantom stock plan, likely the start date of the plan. |
| 11/29/2024 | Date of the phantom stock unit acquisition by Patrick de Maynadier. |
| 12/02/2024 | Date the SEC Form 4 was signed. |
Keywords
phantom stock, deferred compensation, executive compensation, insider trading, Church & Dwight, CHD
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