Form 4: Church & Dwight Executive Carlen Hooker Reports Acquisition of Phantom Stock

EVP, Chief Commercial Officer of Church & Dwight, Carlen Hooker, reports acquisition of phantom stock under the company's Deferred Compensation Plan.

Summary

• Carlen Hooker, EVP, Chief Commercial Officer of Church & Dwight Co., Inc., filed a Form 4 on September 16, 2024.
• The report details the acquisition of phantom stock under the Church & Dwight Co., Inc. Deferred Compensation Plan on September 13, 2024.
• Hooker acquired 15.036 shares of phantom stock at a price of $104.04, resulting in 1,783.818 phantom stock shares owned directly.
• The phantom stock converts to common stock on a 1-for-1 basis and will be settled in cash as prescribed by the Plan.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of an executive compensation transaction.

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.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to align executive incentives with shareholder value. This filing is a routine disclosure of such a transaction.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock awards are common practices among publicly traded companies to incentivize executives.
• The specifics of Church & Dwight's plan (cash settlement, 1-for-1 conversion) are typical features of such arrangements.
• Comparing the size of the award to other C-level executives in similar-sized consumer goods companies would provide further context.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning executive interests with company performance.

Key Dates