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

Brian D. Buchert, EVP of Strategy, M&A, and BP at Church & Dwight Co. Inc., acquired 4.877 phantom stock shares on June 30, 2025, as part of the company's Deferred Compensation Plan.

Summary

• Brian D. Buchert, EVP of Strategy, M&A, and BP at Church & Dwight Co. Inc. (CHD), reported an acquisition of phantom stock.
• The transaction occurred on June 30, 2025.
• Buchert acquired 4.877 phantom stock shares at a price of $96.11 per share.
• These phantom stock shares were acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The phantom stock shares convert to common stock on a 1-for-1 basis for valuation purposes, but are to be settled in cash as prescribed by the Plan.
• Following this transaction, Buchert beneficially owns 556.709 phantom stock shares directly.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates an executive's continued participation in the company's long-term incentive plans, aligning their interests with the company's performance, even if the amount is small and settled in cash.

Positives

• The acquisition of phantom stock by a key executive, Brian D. Buchert, indicates continued alignment of management interests with shareholder value, as the value of these units is tied to the company's common stock performance.
• The transaction is part of a structured deferred compensation plan, suggesting a long-term commitment from the executive to the company's success.

Future Outlook

The phantom stock shares are scheduled to be settled in cash at a future time as prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.

Management Comments

• The acquisition of phantom stock by Brian D. Buchert, EVP of Strategy, M&A, and BP, reflects participation in the company's deferred compensation plan.

Industry Context

This filing represents a routine insider transaction related to executive compensation, common across publicly traded companies in various industries, including consumer goods. Such transactions are typically part of broader compensation strategies designed to align executive incentives with long-term company performance.

Comparison to Industry Standards

• This type of deferred compensation plan, involving phantom stock settled in cash, is a standard component of executive compensation packages across many large corporations. While specific details like the number of shares or price vary by company size and executive role, the mechanism itself is widely adopted to provide long-term incentives without immediate equity dilution. No specific comparable companies or projects are detailed in this Form 4.

Stakeholder Impact

• Shareholders: Indicates executive alignment with company performance through participation in a deferred compensation plan, where the value of the phantom stock is linked to the common stock price.
• Employees: No direct impact on general employees.

Next Steps

• Settlement of the phantom stock shares in cash at a time prescribed by the Church & Dwight Co., Inc. Deferred Compensation Plan.

Key Dates

Keywords

Church & Dwight, CHD, Form 4, Insider Transaction, Phantom Stock, Deferred Compensation, Executive Compensation, Brian D. Buchert