Form 4: Church & Dwight Executive Acquires Phantom Stock Units
SEC Form 4 Filing
Patrick de Maynadier, EVP, Gen. Counsel & Secretary of Church & Dwight Co., Inc., acquired phantom stock units convertible to common stock under the company's Deferred Compensation Plan.
Summary
- On April 30, 2024, Patrick de Maynadier, an executive at Church & Dwight Co., Inc., acquired 15.121 units of phantom stock.
- These phantom stock units are convertible to common stock on a 1-for-1 basis.
- The acquisition occurred under the Church & Dwight Co., Inc. Deferred Compensation Plan.
- The phantom stock will be settled in cash as prescribed by the Plan.
- The price of the derivative security was $107.89.
- Following the reported transaction, de Maynadier beneficially owns 15,091.224 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction disclosure.
Positives
- The acquisition of phantom stock by an executive demonstrates confidence in the company's future performance.
Future Outlook
The phantom stock will be settled in cash at a future date as prescribed by the Deferred Compensation Plan.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is related to executive compensation and deferred benefits.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of phantom stock acquisition |
| 05/01/2024 | Date of signature on the Form 4 filing |
| 08/08/1988 | Date of phantom stock |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.