Form 4: Church & Dwight Executive Rick Spann Reports Acquisition of Phantom Stock

EVP and Chief Supply Chain Officer of Church & Dwight, Rick Spann, reports acquiring phantom stock under the company's Deferred Compensation Plan.

Summary

• Rick Spann, EVP and Chief Supply Chain Officer at Church & Dwight Co., Inc., filed a Form 4.
• The filing reports the acquisition of phantom stock on July 15, 2024, under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• Spann acquired 46.31 shares of phantom stock at a price of $101.18 per share.
• Following the transaction, Spann directly owns 18,767.825 shares of phantom stock.
• 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: 6

Explanation: The document is a routine regulatory filing. The acquisition of phantom stock could be viewed as slightly positive, indicating executive confidence, but it's primarily a neutral event.

Positives

• The acquisition of phantom stock by a key executive could be seen as a positive sign, indicating 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 Church & Dwight Co., Inc. Deferred Compensation Plan.

Industry Context

Executive compensation, including phantom stock, is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Phantom stock plans are a fairly common form of deferred compensation used by companies like Church & Dwight to incentivize executives.
• Companies such as Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation for their executives.
• The specific terms and conditions of these plans, such as vesting schedules and settlement methods, can vary significantly between companies.

Stakeholder Impact

• The acquisition of phantom stock by an executive could have a minor positive impact on shareholder sentiment.

Key Dates