Church & Dwight (NYSE: CHD) 2026 proxy outlines director slate, say‑on‑pay and auditor vote
Church & Dwight Co., Inc. is asking stockholders to vote at its 2026 Annual Meeting, held virtually on May 1, 2026, on four main items: electing 11 directors for one-year terms, an advisory say‑on‑pay vote, ratifying Deloitte & Touche LLP as 2026 auditor, and a stockholder written‑consent proposal that the Board recommends voting against.
The record date is March 4, 2026, with 236,875,094 common shares entitled to one vote each. The Board highlights that 10 of 11 director nominees are independent, the Chair is independent, and all key committees (Audit, Compensation & Human Capital, and Governance, Nominating & Corporate Responsibility) are fully independent.
The proxy describes majority voting in uncontested director elections with mandatory resignation letters, robust stock ownership guidelines for directors and executives, clawback policies tied to financial restatements and misconduct, prohibitions on hedging and pledging, and detailed Board oversight of risk, cybersecurity, sustainability, and human capital. Stockholders may vote by mail, Internet, telephone, or during the virtual meeting.
Positive
- None.
Negative
- None.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant ☒
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Check the appropriate box:
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Preliminary Proxy Statement |
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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Definitive Proxy Statement |
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Definitive Additional Materials |
☐ |
Soliciting Material Pursuant to § 240.14a-12 |
(Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required |
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Fee paid previously with preliminary materials. |
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Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
Table of Contents

Church & Dwight Co., Inc.
2026 |
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT |
Princeton South Corporate Park
500 Charles Ewing Boulevard
Ewing, New Jersey 08628
MEETING DATE: May 1, 2026
Table of Contents

Virtually via a live audio webcast at
www.virtualshareholdermeeting.com/CHD2026
CHURCH & DWIGHT CO., INC.
Princeton South Corporate Park
500 Charles Ewing Boulevard
Ewing, New Jersey 08628 USA
(609) 806-1200
www.churchdwight.com
CHURCH & DWIGHT CO., INC.

Notice of Annual Meeting of Stockholders to be held Friday, May 1, 2026
The Annual Meeting of Stockholders of Church & Dwight Co., Inc. will be held on Friday, May 1, 2026 at 12:00 p.m., Eastern Daylight Time. To facilitate stockholder attendance and ability to participate fully and equally from any location around the world at no cost, this year’s meeting will be held virtually via a live audio webcast at www.virtualshareholdermeeting.com/CHD2026. At the meeting stockholders will be asked to consider and take action on the following:
All stockholders are cordially invited to attend, although only those stockholders of record as of the close of business on March 4, 2026 will be entitled to notice of, and to vote at, the meeting or any adjournments thereof.
Your vote is important. Whether or not you expect to attend the virtual meeting, we urge you to vote by submitting your proxy. You may vote four different ways: by mail, via the Internet, by telephone, or during the virtual meeting. Please refer to the detailed instructions included herein or with the Notice Regarding the Availability of Proxy Materials.
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By Order of the Board of Directors,
PATRICK D. DE MAYNADIER Corporate Secretary |
Ewing, New Jersey
March 19, 2026
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING TO BE HELD VIRTUALLY ON MAY 1, 2026: The Notice of Annual Meeting, Proxy Statement and 2025 Annual Report to Stockholders are available at: https://materials.proxyvote.com/171340.
Table of Contents
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TABLE OF CONTENTS |
TABLE OF CONTENTS
PROXY STATEMENT SUMMARY |
1 |
2026 ANNUAL MEETING OF STOCKHOLDERS |
1 |
VOTING MATTERS AND BOARD OF DIRECTOR RECOMMENDATIONS |
1 |
CORPORATE GOVERNANCE |
3 |
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PROXY STATEMENT |
5 |
INFORMATION ABOUT THE ANNUAL MEETING AND VOTING |
5 |
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PROPOSAL 1: ELECTION OF DIRECTORS |
9 |
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CORPORATE GOVERNANCE AND OTHER BOARD MATTERS |
22 |
BOARD OF DIRECTORS’ COMPOSITION |
22 |
CORPORATE GOVERNANCE GUIDELINES AND OTHER CORPORATE GOVERNANCE DOCUMENTS |
22 |
BOARD OF DIRECTORS INDEPENDENCE |
22 |
COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION |
23 |
EXECUTIVE SESSIONS OF INDEPENDENT DIRECTORS |
23 |
BOARD OF DIRECTORS EDUCATION |
23 |
BOARD OF DIRECTORS RISK OVERSIGHT |
23 |
BOARD OF DIRECTORS LEADERSHIP STRUCTURE |
25 |
COMMUNICATION WITH THE BOARD OF DIRECTORS |
26 |
STOCKHOLDER ENGAGEMENT |
27 |
BOARD OF DIRECTORS MEETINGS AND COMMITTEES |
28 |
SUCCESSION PLANNING |
32 |
CODE OF CONDUCT |
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INSIDER TRADING POLICIES AND PROCEDURES |
33 |
POLITICAL EXPENDITURES |
34 |
SUSTAINABILITY STRATEGY |
34 |
HUMAN CAPITAL |
36 |
COMPENSATION OF DIRECTORS |
37 |
2025 DIRECTOR COMPENSATION TABLE |
40 |
STOCK OWNERSHIP GUIDELINES FOR DIRECTORS |
41 |
OUR EXECUTIVE OFFICERS |
41 |
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SECURITIES OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT |
44 |
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CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS |
47 |
REVIEW AND APPROVAL OF RELATED PERSON TRANSACTIONS |
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RELATED PERSON TRANSACTIONS |
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AUDIT COMMITTEE REPORT |
48 |
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FEES PAID TO INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM |
49 |
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PRE-APPROVAL OF AUDIT AND PERMISSIBLE NON-AUDIT SERVICES |
50 |
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COMPENSATION DISCUSSION AND ANALYSIS |
51 |
INTRODUCTION |
51 |
EXECUTIVE SUMMARY |
51 |
2025 COMPENSATION |
53 |
COMMITTEE CONSIDERATION OF 2025 SAY-ON-PAY VOTE |
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2025 EXECUTIVE COMPENSATION HIGHLIGHTS |
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COMPONENTS OF OUR EXECUTIVE COMPENSATION PROGRAM |
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MIX OF PAY |
56 |
SALARIES |
57 |
ANNUAL INCENTIVE PLAN |
58 |
PROFIT SHARING AMOUNT |
61 |
LONG-TERM INCENTIVE |
62 |
Performance Share Units Based On 2023-2025 Performance |
64 |
PERQUISITES AND CHARITABLE CONTRIBUTIONS |
64 |
2026 COMPENSATION AND BENEFITS DECISIONS |
64 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
TABLE OF CONTENTS |
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GOVERNANCE FEATURES OF OUR EXECUTIVE COMPENSATION PROGRAM |
67 |
EXECUTIVE STOCK OWNERSHIP GUIDELINES |
67 |
SHORT SALE, HEDGING AND PLEDGING |
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CLAWBACK POLICIES |
69 |
ONGOING AND POST-EMPLOYMENT COMPENSATION |
69 |
SAVINGS AND PROFIT SHARING PLAN FOR SALARIED EMPLOYEES |
69 |
EXECUTIVE DEFERRED COMPENSATION PLAN |
70 |
CHANGE IN CONTROL AND SEVERANCE AGREEMENTS |
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HOW COMPENSATION DECISIONS ARE MADE |
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ROLE OF THE COMPENSATION & HUMAN CAPITAL COMMITTEE IN EXECUTIVE COMPENSATION |
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ROLE OF INDEPENDENT COMPENSATION CONSULTANT |
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ROLE OF PEER GROUPS |
72 |
ACCOUNTING AND TAX CONSIDERATIONS |
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COMPENSATION & HUMAN CAPITAL COMMITTEE REPORT |
75 |
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2025 SUMMARY COMPENSATION TABLE |
76 |
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2025 GRANTS OF PLAN-BASED AWARDS |
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2025 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END |
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2025 OPTION EXERCISES AND STOCK VESTED |
83 |
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2025 NONQUALIFIED DEFERRED COMPENSATION |
84 |
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POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL |
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CHANGE IN CONTROL AND SEVERANCE AGREEMENTS |
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VESTING PROVISIONS PERTAINING TO LONG-TERM INCENTIVE AWARDS UPON A CHANGE IN |
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TABLE OF BENEFITS UPON TERMINATION EVENTS |
87 |
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CEO PAY RATIO |
89 |
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DELINQUENT SECTION 16(A) REPORTS |
90 |
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EQUITY COMPENSATION PLAN INFORMATION AS OF DECEMBER 31, 2025 |
91 |
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PAY VERSUS PERFORMANCE |
92 |
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PROPOSAL 2: ADVISORY VOTE TO APPROVE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS |
97 |
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PROPOSAL 3: RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM |
98 |
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PROPOSAL 4: STOCKHOLDER PROPOSAL |
99 |
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HOUSEHOLDING OF PROXY MATERIALS |
102 |
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OTHER BUSINESS |
103 |
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STOCKHOLDER PROPOSALS AND NOMINATION OF DIRECTOR CANDIDATES |
104 |
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ANNUAL REPORT AND FORM 10-K |
105 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
PROXY STATEMENT SUMMARY
This summary highlights important information you will find in this proxy statement. This summary does not contain all of the information you should consider. You should read the complete proxy statement and our 2025 Annual Report before voting.
In this proxy statement, the words “Church & Dwight,” “Company,” “we,” “our,” “ours,” and “us” and similar terms refer to Church & Dwight Co., Inc. and its consolidated subsidiaries.
2026 ANNUAL MEETING OF STOCKHOLDERS
Date and Time: |
May 1, 2026 at 12:00 p.m., Eastern Daylight Time |
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Place: |
Virtually via a live audio webcast at www.virtualshareholdermeeting.com/CHD2026 |
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Record Date: |
March 4, 2026 |
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VOTING MATTERS AND BOARD OF DIRECTORS RECOMMENDATIONS
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Proposals |
Board Recommendation |
Vote Required |
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1. |
Election of 11 nominees to serve as directors for a term of one year each |
FOR EACH NOMINEE |
Majority of votes cast |
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Advisory vote to approve the compensation of our named executive officers |
FOR |
Majority of votes present and entitled to vote |
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3. |
Ratification of the appointment of Deloitte & Touche LLP as our Independent Registered Accounting Firm for 2026 |
FOR |
Majority of votes present and entitled to vote |
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4. |
Consider a stockholder proposal seeking to permit stockholder action by written consent, if properly presented at the meeting |
AGAINST |
Majority of votes present and entitled to vote |
Church & Dwight Co. | 2026 Proxy Statement |
1 |
Table of Contents
SUMMARY |
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Bradlen S. Cashaw, Richard A. Dierker, Bradley C. Irwin, Penry W. Price, Susan G. Saideman, Ravichandra K. Saligram, Robert K. Shearer, Michael R. Smith, Janet S. Vergis, Arthur B. Winkleblack, and Laurie J. Yoler are the nominees to serve as all of the members of the Company’s Board of Directors (“Board” or “Board of Directors”) until our 2027 Annual Meeting of Stockholders. Detailed information about all of our director nominees’ backgrounds and areas of expertise can be found under “Proposal 1: Election of Directors – Skills and Qualifications of our Board of Directors.”
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Committees |
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Name |
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Position |
Director |
Independent |
Audit |
Compensation |
Governance, |
Executive |
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Bradlen S. Cashaw |
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Principal and CEO, Ingenium OpEX , LLC and Retired Chief Operating Officer, Agropur |
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2021 |
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X |
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X |
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X |
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Richard A. Dierker |
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President and Chief Executive Officer, Church & Dwight Co., Inc. |
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2025 |
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X |
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Bradley C. Irwin |
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Retired President and Chief Executive |
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2006 |
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X |
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X |
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X |
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Penry W. Price |
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Founder and Managing Partner, Charcoal Advisors, LLC and former Vice President, Marketing Solutions, LinkedIn Corporation |
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2011 |
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X |
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X |
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Chair |
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X |
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Susan G. Saideman |
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Founder and Chief Executive Officer, |
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2020 |
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X |
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X |
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X |
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Ravichandra K. Saligram |
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Chairman of the Board, Church & Dwight Co., Inc. and Retired Chief Executive Officer, Newell Brands |
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2006 |
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X |
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X |
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X |
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X |
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Robert K. Shearer |
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Retired Senior Vice President and |
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2008 |
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X |
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X |
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Michael R. Smith |
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Retired Executive Vice President and Chief Financial Officer of McCormick & Company, Inc. |
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2024 |
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X |
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X |
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Janet S. Vergis |
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Retired Executive Advisor for private |
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2014 |
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X |
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Chair |
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X |
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Arthur B. Winkleblack |
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Retired Executive Vice President and |
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2008 |
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X |
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Chair |
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X |
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Laurie J. Yoler |
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Partner, Playground Global and former Senior Vice President, Qualcomm |
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2018 |
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X |
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X |
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X |
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2 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
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SUMMARY |
CORPORATE GOVERNANCE
We strive to maintain effective corporate governance practices and policies. We believe that the following practices and policies contribute to our strong governance profile:
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Director Independence |
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§ 10 of 11 director nominees are independent under NYSE listing standards |
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§ We have an independent Chair § 3 fully independent Board committees: Audit, Compensation & Human Capital, and Governance, Nominating & Corporate Responsibility |
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§ The Chair presides over executive sessions of, and facilitates communication with, the independent directors |
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Board Accountability |
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§ Annual election of directors |
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§ Our directors are subject to “majority voting,” and each incumbent director nominee submits, prior to the Annual Meeting, an irrevocable resignation in writing that our Board of Directors may accept if a majority of stockholders do not re-elect the director in an uncontested election |
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Board Leadership |
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§ Annual assessment and determination of Board leadership structure |
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§ Independent Board Chair with robust responsibilities |
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Board Evaluation and Effectiveness |
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§ Annual Board, Committee, and individual director evaluations |
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Board Refreshment |
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§ Board members are required to retire on reaching age 75 |
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§ Annual review of board succession plans |
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Prevent Overboarding |
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§ Our Corporate Governance Guidelines set forth limits on the number of public company boards on which our non-employee directors and CEO may serve: four (including the Company) for our non-employee directors and two (including the Company) for our CEO |
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§ Compliance is reviewed annually, and all of our directors are in compliance with this policy |
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Director Engagement |
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§ Each director attended at least 75 percent of the aggregate number of meetings held by the Board and all committees of the Board on which such director served in 2025 |
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§ Stockholder ability to contact directors (as described under “Communication with the Board of Directors”) |
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Director Access and Resources |
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§ Significant interaction with the Company’s senior business leaders through regular business reviews |
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§ Directors have direct access to senior management and other employees |
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§ Directors have authorization to hire outside experts and consultants and to conduct independent investigations |
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Proxy Access |
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§ Our Bylaws provide for proxy access by stockholders |
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No Supermajority Voting Requirements |
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§ No supermajority requirement for stockholders to amend Bylaws |
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§ No supermajority requirement for stockholders to amend the Certificate of Incorporation |
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Right of Stockholders to Request Special Meeting |
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§ Stockholders with at least 25% of our outstanding stock have the right to request special meetings of the stockholders |
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Clawback Policies |
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§ Clawback policies that require the recoupment of excess incentive-based compensation paid to our executive officers as a result of a material financial misstatement in accordance with the Dodd-Frank Act and NYSE rules, and permit recoupment of compensation from a broader group of senior leaders across the Company in the case of material financial misstatements, cause conduct and violations of restrictive covenants |
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§ Clawback provisions incorporated into the Company's Annual Incentive Plan and Omnibus Equity Compensation Plan (and underlying award agreements) that are tied to the clawback policies |
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Anti-Hedging Policy |
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§ Insider trading policy prohibits non-employee directors and employees from engaging in any pledging, short sales, or hedging involving Company stock |
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Church & Dwight Co. | 2025 Proxy Statement |
3 |
Table of Contents
SUMMARY |
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Share Ownership |
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§ CEO is required to hold shares equivalent to 6x base salary § CFO is required to hold shares equivalent to 3x base salary § All other senior executives are required to hold shares equivalent to 2.5x base salary § Board members are required to hold shares equivalent to 5x the standard annual retainer |
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Director Compensation |
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§ Maximum annual limit of $750,000, in the aggregate, for Director Compensation |
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Compensation Practices |
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§ Target compensation opportunities are competitive in markets in which we compete for management talent § Use of short-term and long-term incentives ensure a strong connection between Company performance and actual compensation realized § Our Annual Incentive Plan utilizes five diverse metrics to avoid over-emphasis on any one measure § In the event of a change in control, our named executive officers will not receive cash severance, nor will equity granted after July 30, 2019 vest, unless accompanied by a qualifying termination of the named executive officer § No excise tax gross-ups for change in control payments § No defined pension benefit plan or similarly actuarially valued pension plan for executives § Limited perquisites § Repricing of stock options is prohibited without prior stockholder approval |
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Risk Management/ Sustainability |
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§ Risk assessment and risk management are the responsibility of the Company’s management, and the Board has oversight responsibility for those processes and findings |
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§ The Board and its committees oversee the execution of the Company’s sustainability strategy as part of their oversight of the Company’s overall strategy and risk management |
4 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
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PROXY STATEMENT |
CHURCH & DWIGHT CO., INC.
Princeton South Corporate Park, 500 Charles Ewing Boulevard, Ewing, New Jersey 08628
(609) 806-1200
PROXY STATEMENT
INFORMATION ABOUT THE ANNUAL MEETING AND VOTING
This proxy statement is furnished in connection with the solicitation of proxies by our Board for use at the 2026 Annual Meeting of Stockholders (the “Annual Meeting”) to be held virtually on May 1, 2026, and at any adjournments thereof.
Who Can Vote
Each holder of record of our common stock at the close of business on March 4, 2026, is entitled to vote at the Annual Meeting. At the close of business on March 4, 2026, there were 236,875,094 shares of our common stock outstanding.
Distribution of Proxy Solicitation and Other Required Annual Meeting Materials
The rules of the Securities and Exchange Commission (“SEC”) allow us to mail a notice to our stockholders advising that our proxy statement, annual report to stockholders, electronic proxy card, and related materials are available for viewing, free of charge, on the Internet. These rules give us the opportunity to serve you more efficiently by making the proxy materials available quickly online and reducing costs associated with printing and postage. Stockholders may access these materials and vote over the Internet or by telephone or request delivery of a full set of materials by mail or email. We have elected to utilize this process for the Annual Meeting. We began mailing the required notice, called a Notice Regarding Availability of Proxy Materials (“Notice”), to stockholders on or about March 19, 2026. The proxy materials have been posted on the Internet, at https://materials.proxyvote.com/171340. If you received a Notice by mail, you will not receive a paper or email copy of the proxy materials unless you request one in the manner set forth in the Notice.
How You Can Vote
You may vote by any of the following methods:
If you vote by telephone or via the Internet, please have your Notice or proxy card available. The control number appearing on your Notice or proxy card is necessary to process your vote. A telephone or Internet vote authorizes the named proxies in the same manner as if you marked, signed, and returned a proxy card by mail.
Church & Dwight Co. | 2026 Proxy Statement |
5 |
Table of Contents
PROXY STATEMENT |
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How You May Revoke or Change Your Vote
You have the power to change or revoke your proxy at any time before it is voted at the Annual Meeting as follows:
Required Vote
You are entitled to cast one vote for each share of common stock you owned as of March 4, 2026, the record date. The presence, in person or by proxy, of a majority of the votes entitled to be cast at the Annual Meeting constitutes a quorum. Abstentions and broker “non-votes” are counted as present and entitled to vote for purposes of determining a quorum. A broker “non-vote” occurs when a broker does not vote on a particular proposal because the broker does not have discretionary voting power with respect to the proposal and has not received voting instructions from the beneficial owner.
Our Bylaws provide for majority voting in uncontested director elections. As a result, at the Annual Meeting, directors will be elected by the affirmative vote of a majority of the votes cast (in person or by proxy) in an uncontested election. For this purpose, a majority of the votes cast means that the number of shares voted “for” a director nominee must exceed the number of votes cast “against” that nominee. Abstentions and broker “non-votes” are not counted as votes for or against a nominee. If you “abstain” from voting with respect to director nominees, your shares will be counted for purposes of a quorum but will have no effect on the election of the nominees. All of our director nominees are currently serving on our Board of Directors. If a nominee who is currently serving as a director is not re-elected, Delaware law provides that the director would continue to serve on our Board of Directors as a “holdover director.” Under our Corporate Governance Guidelines (“Corporate Governance Guidelines”), each incumbent director nominee submits, prior to the Annual Meeting, an irrevocable resignation that our Board of Directors may accept if stockholders do not re-elect the director. If a director is not re-elected by our stockholders, the Governance, Nominating & Corporate Responsibility Committee would make a recommendation to our Board of Directors on whether to accept or reject the resignation of that director, or whether to take other action. Our Board of Directors would act on the resignation, taking into account the Governance, Nominating & Corporate Responsibility Committee’s recommendation, and publicly disclose its decision and the rationale behind it within 90 days from the date that the election results are certified.
Our proposal to approve, on an advisory basis, the compensation of our named executive officers (Proposal 2), our proposal to ratify the selection of our independent registered accounting firm for 2026 (Proposal 3) and, if properly presented at the meeting, the consideration of a stockholder proposal seeking to permit stockholder action by written consent (Proposal 4, the “Stockholder Proposal”), will be determined by the affirmative vote of the majority of votes represented at the meeting (in person or by proxy) and entitled to vote on such matters. An abstention will have the same effect as a vote against with respect to the advisory vote on the compensation of our named executive officers, the ratification of our independent registered public accounting firm for 2026, and the consideration of the Stockholder Proposal. Brokers will not have discretionary authority to vote on the election of our directors, the advisory vote on the compensation of our named executive officers, or the Stockholder Proposal. A broker “non-vote” is not counted for purposes of voting on these matters.
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PROXY STATEMENT |
How Shares Will be Voted
Stockholders of record. If you are a stockholder of record and you:
then the proxy holders will vote your shares FOR the election of the nominees described in this proxy statement, FOR the advisory vote to approve the compensation of our named executive officers, FOR the ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for 2026, and AGAINST the Stockholder Proposal.
Beneficial owners. If you hold shares in street name (in the name of a broker or other nominee), you must give instructions to your bank or broker on how you would like your shares to be voted. Under applicable New York Stock Exchange (“NYSE”) rules, your bank or broker has discretion to vote on “routine” matters, such as the ratification of the appointment of an independent registered public accounting firm, but does not have discretion to vote on “non-routine” matters, such as the election of directors, the proposal to approve the compensation of our named executive officers, or the Stockholder Proposal. Thus, if a bank or broker holds your shares and you do not instruct the bank or broker how to vote on these matters, no votes will be cast on your behalf.
Savings and Profit Sharing Plan participants. If you participate in the Church & Dwight Co., Inc. Savings and Profit Sharing Plan for Salaried Employees or the Church & Dwight Co., Inc. Savings and Profit Sharing Plan for Hourly Employees (collectively, the “Plans”), you may have voting rights regarding shares of our common stock credited to your account in the Plans. In order to permit the trustee to tally and vote the shares held in the Plans (“Plan Shares”), your instructions, whether by Internet, by telephone, or by proxy card, must be submitted on or prior to 10:00 a.m. Eastern Daylight Time on April 29, 2026. If you do not instruct the trustee how to vote, your Plan Shares will be voted by the trustee in the same proportion that it votes Plan Shares for those accounts in the Plans for which it did receive timely voting instructions. The proportional voting policy is detailed under the terms of the Plans and the associated trust agreements.
Other matters. Our Board of Directors is not aware of any matters that will be brought before the Annual Meeting other than those described in this proxy statement. However, if any other matters properly come before the Annual Meeting, the persons named on the enclosed proxy card will vote in their discretion on such matters.
Who can attend the virtual Annual Meeting
Only stockholders as of the record date, March 4, 2026, or duly appointed proxies, may attend the virtual Annual Meeting. No guests will be allowed to attend the Annual Meeting.
In accordance with Delaware law, for the 10 days prior to our Annual Meeting, a list of registered holders entitled to vote at our Annual Meeting will be available for inspection in our offices at Princeton South Corporate Park, 500 Charles Ewing Boulevard, Ewing, New Jersey 08628.
Attending the virtual Annual Meeting
To facilitate stockholder attendance and ability to participate fully and equally from any location around the world at no cost, this year’s Annual Meeting will be held exclusively online, with no option to attend in person. If you plan to attend the virtual Annual Meeting, you will need to visit www.virtualshareholdermeeting.com/CHD2026 and use your 16-digit control number provided in the Notice or proxy card to log into the meeting. We encourage stockholders to log in to the website and access the webcast early, beginning approximately 15 minutes before the Annual Meeting’s 12:00 p.m. Eastern Daylight Time start time. If you experience technical difficulties, please contact the technical support telephone number posted on www.virtualshareholdermeeting.com/CHD2026.
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Asking questions during the virtual Annual Meeting
Stockholders of record and proxy holders who provide their valid 16-digit control number will be able to participate in the virtual Annual Meeting by asking questions and voting their shares as outlined above.
To submit questions during the meeting, stockholders may:
Only stockholders with a valid control number will be allowed to ask questions. Questions pertinent to Annual Meeting matters will be answered during the Annual Meeting as time allows. If we receive substantially similar written questions, we may group such questions together and provide a single response to avoid repetition and allow time for additional question topics. If we are unable to respond to a stockholder’s properly submitted question due to time constraints, we will respond directly to that stockholder using the contact information provided. We may also provide written responses to certain stockholder questions that we were unable to answer during the meeting on our “Investors” page on our website following the Annual Meeting.
Additional information regarding the rules and procedures for participating in the virtual Annual Meeting will be provided in our Annual Meeting rules of conduct, which stockholders can view during the Annual Meeting at the Annual Meeting website.
Costs of Solicitation
Solicitation of proxies on our behalf may be made by our directors or employees by mail, in person, and by telephone. Directors and employees will not be paid any additional compensation for soliciting proxies. We have retained D.F. King & Co., Inc. (“D.F. King”) to aid in the solicitation of proxies for a fee estimated not to exceed $10,000 plus out-of-pocket expenses. We will pay all costs of the solicitation and will indemnify D.F. King against liabilities relating to or arising from their proxy solicitation services conducted on our behalf, other than those resulting from D.F. King’s willful misconduct or gross negligence. We also will reimburse banks, brokerage houses, and other custodians, nominees, and fiduciaries for forwarding Notices and proxy materials to beneficial owners.
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PROPOSAL 1 |
PROPOSAL 1: ELECTION OF DIRECTORS
Our Certificate of Incorporation provides for the annual election of our Board of Directors. At the 2026 Annual Meeting, all of our current directors will stand for election for one-year terms on our Board of Directors. Our Board of Directors currently consists of 11 members.
At the Annual Meeting, all directors will be elected to serve until the 2027 Annual Meeting, in each case, until their successors are elected and qualified. Our Board of Directors has nominated Bradlen S. Cashaw, Richard A. Dierker, Bradley C. Irwin, Penry W. Price, Susan G. Saideman, Ravichandra K. Saligram, Robert K. Shearer, Michael R. Smith, Janet S. Vergis, Arthur B. Winkleblack, and Laurie J. Yoler, all of whom currently serve as members of our Board of Directors. All nominees have agreed to be named in this proxy statement and to serve as directors if elected for an additional term.
We do not anticipate that any of the nominees will become unavailable to serve as a director for any reason prior to the Annual Meeting. However, if any of them becomes unavailable, the persons named in the enclosed form of proxy will vote for any substitute nominee designated by our Board of Directors, unless our Board of Directors determines to reduce the number of directors on our Board.
SKILLS AND QUALIFICATIONS OF OUR BOARD OF DIRECTORS
Our Board of Directors, with support and recommendations from the Governance, Nominating & Corporate Responsibility Committee, oversees the composition and succession of its members. To this end, at least once a year, in connection with the Board’s annual evaluation, the Board evaluates itself, its committees, and each director, each director’s performance, skills, qualifications and future plans, including any retirement objectives. As part of that evaluation, our Governance, Nominating & Corporate Responsibility Committee identifies areas of overall strength and opportunities for improvement with respect to the Board’s and its committees’ composition, and the Board sets annual objectives and topics to be addressed at its meetings over the coming year. In addition, the Governance, Nominating & Corporate Responsibility Committee has retained a third-party governance organization that facilitates the Board’s annual evaluation process and intends to use, at least every three years, an independent third-party to conduct these evaluations.
Our director nominees possess relevant experience, skills and qualifications that contribute to a well-functioning board. Our Corporate Governance Guidelines provide that the Board should consider whether individual directors possess the following personal characteristics: integrity, education, commitment to the Board, business judgment, business experience, accounting and financial expertise, diversity of experience, reputation, civic and community relationships, high performance standards and the ability to act on behalf of stockholders. In January 2026, the Governance, Nominating & Corporate Responsibility Committee reviewed the skills and experiences that they believe Board members should possess. The skills and experiences that the Board seeks in evaluating its composition, and which inform Board succession planning and director nomination processes, as well as the individual experiences, skills and characteristics of our Board members, are highlighted below. The rating for each skill presented below represents the average of self-ratings for all directors, expressed on a numeric basis on a scale of 1 to 10, with the score for each director corresponding to the following ratings:
RATING KEY |
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1-2 |
Has insufficient experience and understanding |
3-4 |
Has some knowledge and experience |
5-6 |
Has moderate knowledge and experience |
7-8 |
Has strong knowledge and experience |
9-10 |
This is a top personal strength and core competency |
The Governance, Nominating & Corporate Responsibility Committee and our Board of Directors believe that the nominees listed below collectively possess these attributes, which, together with their respective experience described in the biographical summaries below, make each nominee well qualified to continue to serve on our Board of Directors.
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The rating for each skill presented below is intended as a summary and is not an exhaustive list of the qualifications or contributions to the Board. The following chart summarizes the self-ratings of our Board as a whole on a numeric basis for each skill under “Skills Numeric”, based on the 1 through 10 scale set forth above, while the “Number of Directors” column reflects the number of directors with ratings of at least 7 or greater for the specific skill:
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Skills |
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Senior Executive Leadership and Strategic Planning: Experience serving in a senior leadership position in a major organization (e.g., CEO, CMO, COO, Chief Financial Officer, Division President, etc.), with a practical understanding and oversight of organizations, processes, strategic planning, and risk management. |
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CPG Industry: Familiarity with the consumer-packaged goods (CPG) industry, and ability to provide guidance on the Company’s strategy and position in the CPG industry. |
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Marketing & Sales: Understanding Brand Management, Distribution, eCommerce, Logistics, Marketing, Packaging and Selling. Experience in understanding the use of Data Analytics, Artificial Intelligence and machine learning tools to analyze retailer and consumer data to address Consumer Needs and identify Shopper Behaviors. Knowledge about the fundamental and emerging go-to-market strategies across Brick & Mortar, Direct to Consumer, Online only and Omni-Channel retail marketplaces. Awareness of new and emerging Digital Commerce trends including Social & Media Communication, Artificial Intelligence tools, Content Management, Last-mile Delivery, Technology, and Data Science. |
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PROPOSAL 1 |
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Skills |
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M&A/Business Development: Experience leading growth through acquisitions and other business combinations, with the ability to assess “build or buy” decisions, analyze the fit of a target with a company’s strategy and culture, value transactions, evaluate investment thesis, and evaluate operational integration plans. |
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Public Company Governance: Experience with and understanding of the responsibilities of a public company board, with an understanding of evolving corporate governance practices and the dynamics and operation of a corporate board, management accountability, transparency, and protecting stockholders, while balancing other constituencies interests, and long-term value creation. |
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Human Capital Management and Inclusion: Experience with executive compensation and management of human capital and succession planning, including the attraction, development and retention of top candidates, including individuals with a broad range of skills and backgrounds, as well as human resource information systems. |
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R&D/Innovation: Experience in innovation, product development and design, including disruptive product innovation with background in navigating regulatory environments both in the U.S. and globally, especially in health and wellness and other relevant regulated sectors, as well as product lifecycle management. |
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Supply Chain: Experience in direct and indirect procurement, demand and supply planning, logistics, order to cash processing, manufacturing, and management of 3rd party manufacturers. Competence in supply chain IT systems, supply chain finance, lean manufacturing, manufacturing and logistic technology, organizational design, industrial safety programs, sustainability, and capital program execution and negotiations. |
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Accounting & Finance: Experience in financial accounting and reporting to ensure the integrity of the Company’s financial reporting, compliance with legal and regulatory requirements and the effectiveness of internal controls, as well as evaluation of financial statements and capital structure, and experience with planning and consolidation tools and ERP systems. |
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Information Technology/Cybersecurity: Experience understanding the cybersecurity threat landscape, responsibilities in managing/mitigating cyber-risk and how to evaluate the organization’s preparedness to lead through a cyber crisis, as well as oversight of robotic processes, artificial intelligence oversight, cloud computing, and technology implementation risk management. |
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Global Business: Experience driving business success in markets around the world, with an understanding of diverse business environments, economic conditions, cultures and regulatory frameworks, and a broad perspective on global market opportunities. |
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The Board also seeks to include directors with a variety of life experiences and recognizes the importance of Board refreshment to ensure that it benefits from fresh ideas and perspectives. The following charts demonstrate the Board’s diversity of backgrounds and Board refreshment. See “Governance, Nominating & Corporate Responsibility Committee” for detailed information on board diversity and refreshment.
Board Composition |
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PROPOSAL 1 |
Your Board of Directors unanimously recommends a vote FOR all of the following nominees.
Information regarding the nominees for our Board of Directors is provided below.
Director Nominees
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BRADLEN S. CASHAW |
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Director since 2021 Independent Age: 62
§ Audit Committee § Governance, Nominating &
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Professional Experience
Mr. Cashaw is the Principal and Chief Executive Officer of Ingenium OpEx, LLC, a role he has held since February 2025. Mr. Cashaw was the Chief Operating Officer of Agropur, a top 15 global dairy processor, where he served in that capacity from December 2021 to October 2024. He also served as a member of the Board of Directors of Agropur, USA and Agropur Inc. From September 2020 to November 2021, he was the Chief Supply Chain Officer for Flowers Foods. Mr. Cashaw was Executive Vice President and Chief Supply Chain Officer for Dean Foods, the nation’s largest fluid dairy producer, from March 2016 to September 2019. From October 2013 to August 2015, Mr. Cashaw was Vice President, Integrated Supply Chain for the Cheese & Dairy division at Kraft Foods Group. From April 2012 to September 2013, he was Senior Vice President, Snacks Supply Chain at the Kellogg Company. From September 2008 to February 2012, he was the Vice President of Supply Chain for Quaker Foods & Snacks, and from November 2006 to September 2008 he was the Vice President, Operations, North America for Quaker Foods. Mr. Cashaw began his career at PepsiCo as a project engineer and held several operations and supply chain roles, including plant manager and director during his tenure of over 24 years with the company.
Director Qualifications
Mr. Cashaw’s 39 years of progressive leadership experience within the consumer packaged goods industry at Fortune 300 companies and leadership over supply chain strategy and operations, enables him to provide our Board of Directors with a valuable global perspective and insight into supply chain matters, such as sales, manufacturing, distribution, finance, business analytics and strategic planning.
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RICHARD A. DIERKER |
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Director since 2025 Non-Independent Age: 46
§ Executive Committee
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Professional Experience
Mr. Dierker has served as President and Chief Executive Officer of the Company and a member of the Board since April 2025. From April 2022 to March 2025, Mr. Dierker was Executive Vice President, Chief Financial Officer and Head of Business Operations and our Executive Vice President and Chief Financial Officer from January 2016 to April 2022. From 2012 to 2016, Mr. Dierker was our Vice President, Corporate Finance and from 2009 to 2012, Mr. Dierker led Supply Chain Finance as the Company’s Operations Controller. From 2008 to 2009, he held a senior financial management position at Alpharma, Inc., a leading international specialty pharmaceutical company. Prior to 2008, he
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PROPOSAL 1 |
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held financial and business development management positions at Ingersoll-Rand Ltd, a major diversified industrial manufacturer.
Other Boards and Appointments
Mr. Dierker is a member of the board of directors of McCormick & Company, Inc., a global leader in flavor.
Director Qualifications
Mr. Dierker’s deep experience with the Company as our Chief Executive Officer, Chief Financial Officer and Head of Business Operations provides the Board with extensive knowledge of our business, strategy and operations, as well as substantial experience in finance, mergers and acquisitions, as well as public company leadership.
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BRADLEY C. IRWIN |
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Director since 2006 Independent Age: 67
§ Compensation & Human Capital § Governance, Nominating &
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Professional Experience
Mr. Irwin retired in December 2018 as President and Chief Executive Officer of Welch Foods Inc., a global processor and marketer of juices and jams, where he served in that capacity since February 2009. Mr. Irwin was President of Cadbury Adams North America LLC, the North American confectionery business unit of Cadbury Schweppes plc. (“Cadbury Schweppes”), from June 2007 through November 2008. From April 2003 through June 2007, Mr. Irwin was President of Cadbury Adams USA LLC, the United States confectionery business unit of Cadbury Schweppes. Mr. Irwin served as President of Mott’s Inc., a business unit of Cadbury Schweppes, from May 2000 through April 2003. From 1980 through 1999, Mr. Irwin served in various capacities for The Procter & Gamble Company.
Other Boards and Appointments
Mr. Irwin currently serves on the boards of directors of Save the Children U.S. and Save the Children International, a large global non-profit delivering education, health and humanitarian support for disadvantaged children. He also serves on the board of directors of Bay State Milling Co, a private grain milling company. Mr. Irwin was a member of the board of directors of Welch Foods from February 2009 to December 2018.
Director Qualifications
Mr. Irwin’s more than 40 years of experience in the consumer products industry, including his service in executive capacities at large multinational public companies that market products in the same categories as some of our products, enables him to provide valuable insights into a wide variety of matters relating to our operations. These matters include, among others, strategic planning, risk assessment, and international operations.
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PROPOSAL 1 |
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PENRY W. PRICE |
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Director since 2011 Independent Age: 57
§ Chair, Compensation & Human § Audit Committee § Executive Committee
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Professional Experience
Mr. Price is the founder and Managing Partner of Charcoal Advisors, LLC, a role he has held since February 2025. Mr. Price was the Vice President, Marketing Solutions of LinkedIn Corporation (a subsidiary of Microsoft Corporation) from October 2013 to February 2025. From June 2011 through October 2013, he was President of Dstillery, Inc., a marketing technology company formerly known as Media6Degrees, LLC. From June 2004 through June 2011, he served in various capacities at Google, Inc., a provider of Internet-related products and services, the last of which was Vice President, Agency Sales and Partnerships, Worldwide. From July 2000 through June 2004, Mr. Price served as Sales Director of Wenner Media, LLC, a company engaged in the publication of magazines and production of radio and television programs, where he was principally responsible for revenue generation and strategic partnerships.
Director Qualifications
Mr. Price’s extensive experience as a senior executive in companies specializing in digital marketing, advertising, and social networks enables him to provide valuable perspectives on our marketing initiatives and strategies, including the use of social media and digital technology to reach new consumers.
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PROPOSAL 1 |
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SUSAN G. SAIDEMAN |
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Director since 2020 Independent Age: 63
§ Audit Committee § Governance, Nominating &
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Professional Experience
Ms. Saideman is the founder of Portage Bay Limited and has served as its CEO since September 2019. Ms. Saideman served in various roles at Amazon, Inc., the world’s largest online retailer, from November 2013 to August 2019, including Vice President roles leading the Amazon Fashion EU business and Global Vendor Management. From December 2007 to October 2013, Ms. Saideman was President of Mars Retail Group, the group responsible for the Direct to Consumer businesses for Mars including M&M’s World, Ethel M and MyM&Ms. From January 2004 to June 2007, she was CEO of Mikasa and Company/Arc International, a leader in tableware products, and from December 2002 to June 2003, President, Parker Division, of Newell Rubbermaid, a leading global consumer goods company. From May 1998 to December 2002 and August 1991 to May 1998, Ms. Saideman held various positions with increasing responsibility at Campbell Soup Company, a multi-national food company and PepsiCo, one of the world’s largest food and beverage companies, respectively. Earlier in her career, Ms. Saideman held positions at Mt. Trading Company, Bain & Company and Chase Manhattan Bank.
Other Boards and Appointments
Ms. Saideman is a member of the board of directors of LuxExperience B.V. (f/k/a MYT Netherlands Parent B.V.), an industry leader in the world of online luxury fashion and retail.
Director Qualifications
Ms. Saideman’s extensive experience in the “direct-to-consumer” businesses, building brands in the consumer packaged goods industries and leadership over global operational teams, enable her to provide our Board of Directors with a valuable global perspective on our digital transformation, ecommerce, marketing, innovation, international operations and technology.
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PROPOSAL 1 |
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RAVICHANDRA K. SALIGRAM |
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Chairman since 2025 Director since 2006 Independent Age: 69
§ Compensation & Human Capital § Executive Committee § Governance, Nominating &
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Professional Experience
Mr. Saligram has been the Chairman of our Board of Directors (the “Chairman” or “Board Chairman”) since October 2025 and before that served as our independent Lead Director. Mr. Saligram has been an Operating Partner at MidOcean Partners since June 2023. Mr. Saligram retired in May 2023 as Chief Executive Officer and a member of the Board of Directors of Newell Brands, a leading global consumer goods company. From October 2019 to May 2023, Mr. Saligram was the Chief Executive Officer and a member of the Board of Directors of Newell Brands and from July 2014 to October 2019 he was the Chief Executive Officer and a member of the board of directors of Ritchie Bros. Auctioneers Incorporated, the world’s largest heavy equipment auctioneer. From November 2010 through November 2013, he served as the Chief Executive Officer, President, and a member of the board of directors of OfficeMax Incorporated, a company engaged in business-to-business and retail office products distribution. From 2003 through November 2010, he served in various executive management positions with ARAMARK Corporation, a global food services company, including Executive Vice President, President, ARAMARK International, and Chief Globalization Officer, and Senior Vice President of ARAMARK Corporation. From 1994 through 2002, Mr. Saligram served in various capacities for the InterContinental Hotels Group, a global hospitality company, including as President of Brands & Franchise, North America, Chief Marketing Officer & Managing Director, Global Strategy, President, International and President, Asia Pacific. Earlier in his career, Mr. Saligram held various general and brand management positions with S. C. Johnson & Son, Inc. in the United States and overseas.
Other Boards and Appointments
Mr. Saligram was a member of the board of directors Newell Brands from October 2019 to May 2023.
Director Qualifications
Mr. Saligram’s extensive experience building businesses and brands in the industrial products, office products distribution, consumer packaged goods, hospitality, and consumer and managed services industries and leadership over operational teams in a large number of countries, enable him to provide our Board of Directors with a valuable global perspective on governance and control matters, as well as on strategic planning and risk assessment.
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PROPOSAL 1 |
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ROBERT K. SHEARER |
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Director since 2008 Independent Age: 74
§ Audit Committee
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Professional Experience
Mr. Shearer retired in March 2015 as Senior Vice President and Chief Financial Officer of VF Corporation, a global lifestyle apparel company, where he served in that capacity since May 2005. He also served VF Corporation in several other capacities since 1986, including Vice President, Finance and Chief Financial Officer from July 1998 to May 2005. Earlier in his career, Mr. Shearer held a senior audit position with Ernst & Young LLP.
Other Boards and Appointments
Mr. Shearer currently serves on the board of directors of YETI Holdings, Inc., a designer, marketer, retailer, and distributor of a variety of innovative, branded, premium products to a wide-ranging customer base and Kontoor Brands, Inc. a global lifestyle apparel company.
Director Qualifications
Mr. Shearer’s role as Chief Financial Officer of VF Corporation, coupled with his 12 years of experience in public accounting, enables him to provide our Board of Directors and the Audit Committee with important insights on a range of financial and internal control matters, as well as on matters relating to capital structure, information systems, risk management, public company reporting and investor relations. In addition, his participation in VF Corporation expansion initiatives, including a number of acquisitions and growth in international markets, enables him to provide important insights on international operations, business combination opportunities, and strategic planning.
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MICHAEL R. SMITH |
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Director since 2024 Independent Age: 61
§ Audit Committee
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Professional Experience
Mr. Smith retired in February 2025 as Executive Vice President of McCormick & Company, Inc. where he served in such capacity since 2024. From September 2016 to December 2024 Mr. Smith was the Executive Vice President and Chief Financial Officer of McCormick & Company, Inc. Over his 33-year career with McCormick, Mr. Smith has served as Senior Vice President Corporate Finance, Senior Vice President Capital Markets & Chief Financial Officer for North America, Chief Financial Officer and Vice President Finance for EMEA, Vice President Treasury and Investor Relations, Vice President Finance and Administration for U.S. Consumer Products, Vice President Finance for the U.S. Industrial Group, Director of Corporate Accounting, Corporate Financial Planning Manager and Plant Controller for McCormick’s Hunt Valley, Maryland-based manufacturing facility. Prior to joining McCormick, Mr. Smith served in varying capacities at Coopers & Lybrand.
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PROPOSAL 1 |
Other Boards and Appointments
Mr. Smith currently serves as a member of the Board of Directors of MillerKnoll, Inc., a global leader in design.
Director Qualifications
Mr. Smith’s extensive experience across various disciplines at McCormick & Company, a large global consumer goods company, enables him to provide our Board of Directors and the Audit Committee with important insights on a range of financial and internal control matters, as well as on matters relating to strategic planning, mergers and acquisitions, international operations, capital structure, risk management, public company reporting, investor relations, supply chain and information technology.
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JANET S. VERGIS |
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Director since 2014 Independent Age: 61
§ Chair, Governance, Nominating & § Compensation & Human § Executive Committee
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Professional Experience
Ms. Vergis is a retired Executive Advisor for private equity firms where she served in such capacity from January 2013 to December 2019, where she identified and evaluated healthcare investment opportunities. From January 2011 to August 2012, she was the Chief Executive Officer of OraPharma, Inc., a specialty pharmaceutical company dedicated to oral health, where she led that company’s successful turnaround and its subsequent sale. From 2004 to 2009, Ms. Vergis served as President of Janssen Pharmaceuticals, McNeil Pediatrics and Ortho-McNeil Neurologics (Johnson & Johnson). From 1988 to 2004, she served in various positions of increasing responsibility in executive leadership, research and development, new product development, sales, and marketing with Johnson & Johnson and its subsidiaries.
Other Boards and Appointments
Ms. Vergis is currently a member of the board of directors of Teva Pharmaceutical Industries, a global leader in generics and biopharmaceuticals, Dentsply Sirona, the world’s largest manufacturer of professional dental solutions and SGS, a leading testing, inspection and certification company.
Director Qualifications
Ms. Vergis’ more than 35 years of healthcare leadership experience, together with her extensive background in research and development, business and new product development (including products regulated by the U.S. Food and Drug Administration), sales, and marketing, combined with her focus in the areas of oral health and women’s health, enable her to provide important perspectives to our Board of Directors on a broad range of matters relating to our strategy and operations.
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PROPOSAL 1 |
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ARTHUR B. WINKLEBLACK |
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Director since 2008 Independent Age: 68
§ Chair, Audit Committee § Executive Committee
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Professional Experience
Mr. Winkleblack retired in June 2013 as Executive Vice President and Chief Financial Officer of the HJ Heinz Company, a global packaged food manufacturer, where he had served in such capacity since January 2002. Prior to his tenure with Heinz, Mr. Winkleblack held senior executive positions with various private equity owned businesses from 1996 to 2001, including Perform.com and Freeride.com as part of Indigo Capital, C. Dean Metropolous Group and Six Flags Entertainment Corporation. He was Vice President and Chief Financial Officer of Commercial Avionics Systems, a division of AlliedSignal, from 1994 to 1996. Previously, he held various finance, strategy and business planning roles at PepsiCo Inc. from 1982 to 1994. Mr. Winkleblack also provided financial and capital markets consulting services to Ritchie Brothers Auctioneers (“RBA”), a heavy equipment auctioneer, from 2014 to 2019. He served as the Senior Advisor to the then RBA’s CEO, Ravichandra K. Saligram, who also serves on our Board of Directors.
Other Boards and Appointments
Mr. Winkleblack currently serves as the non-executive chairman of the board of directors of The Wendy’s Company, a global quick service restaurant company. Previously, he was a member of the Board of Directors of Aramark, a global provider of food, facilities and uniform services from 2019 to 2024.
Director Qualifications
Mr. Winkleblack’s substantial executive experience across a broad range of industries enables him to provide our Board of Directors with knowledgeable perspectives on strategic planning, international operations, and mergers and acquisitions. In addition, his nearly 12 years of experience as the Chief Financial Officer of a large, multinational, consumer packaged goods company enables him to bring important perspectives to our Board of Directors on performance management, business analytics, finance and capital structure, compliance, information technology, risk management, public company reporting, and investor relations.
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PROPOSAL 1 |
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LAURIE J. YOLER |
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Director since 2018 Independent Age: 61
§ Compensation & Human § Governance, Nominating &
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Professional Experience
Ms. Yoler is a Partner at Playground Global, a technology and life sciences venture capital firm in Silicon Valley. She was the Senior Vice President, Business Development of Qualcomm, Inc. and President, Qualcomm Labs, a wholly-owned subsidiary of Qualcomm, Inc., from March 2013 to January 2016, driving internal innovation and exploring opportunities for new businesses, strategic partnerships, acquisitions, investments, and divestitures. From February 2006 to March 2013, Ms. Yoler was a partner and Managing Director at GrowthPoint Technology Partners, a Silicon Valley based investment bank. From September 2004 to July 2005, Ms. Yoler served as Chief Development Officer of Intellectual Ventures LLC, a private equity firm. From March 2001 to September 2004 Ms. Yoler was Vice President, Business Development and Marketing at Packet Design and Precision I/O, two early-stage technology firms. Prior to that, Ms. Yoler was an integral part of the development and launch of many new innovations and products in her roles at Visa Inc., Sun Microsystems, Accenture PLC and PricewaterhouseCoopers.
Other Boards and Appointments
Ms. Yoler serves on the technical advisory board of Aptiv PLC, an automotive technology supplier company. From June 2018 to June 2024, Ms. Yoler served as a board member of Bose Corporation.
Director Qualifications
Ms. Yoler’s extensive experience in the technology industry, spanning strategy, product, corporate development, global sales and marketing, mergers and acquisitions and business development, enables her to provide valuable insights into a wide variety of matters relating to technology, acquisitions, marketing, business development, and international operations.
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CORPORATE GOVERNANCE |
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CORPORATE GOVERNANCE AND OTHER BOARD MATTERS
BOARD OF DIRECTORS’ COMPOSITION
Our Board of Directors is currently comprised of Bradlen S. Cashaw, Richard A. Dierker, Bradley C. Irwin, Penry W. Price, Susan G. Saideman, Ravichandra K. Saligram, Robert K. Shearer, Michael R. Smith, Janet S. Vergis, Arthur B. Winkleblack, and Laurie J. Yoler.
CORPORATE GOVERNANCE GUIDELINES AND OTHER CORPORATE GOVERNANCE DOCUMENTS
Our Corporate Governance Guidelines, including guidelines for the determination of director independence, the responsibilities and duties of our Board of Directors, director access to management and independent advisors, director compensation, the committees of our Board of Directors, and other matters relating to our corporate governance, are available on the “Investors” page of our website, www.churchdwight.com. Also available on the “Investors” page are other corporate governance documents, including our Code of Conduct (“Code of Conduct”) and the Charters of the Audit Committee, Compensation & Human Capital Committee, Governance, Nominating & Corporate Responsibility Committee, and our Political Contributions Policy.
Our website is not part of this proxy statement; references to our website address in this proxy statement are intended to be inactive textual references only.
BOARD OF DIRECTORS INDEPENDENCE
Our Corporate Governance Guidelines provide that a majority of our Board of Directors shall consist of independent directors who meet the criteria for independence required by the NYSE listing standards. A director will be considered independent if our Board of Directors affirmatively determines that the director has no material relationship with us (directly, or as a partner, stockholder, or officer of an organization that has a relationship with us). In assessing the materiality of a relationship, our Board of Directors considers all relevant facts and circumstances. In addition to the independence standards established by the NYSE, we have adopted categorical standards under the Corporate Governance Guidelines designed to assist our Board of Directors in assessing independence. Under these standards, none of the following relationships necessarily disqualifies a director or nominee from being considered “independent”:
Our Board of Directors reviewed and analyzed the independence of each nominee for director in January 2026 to determine whether any particular relationship or transaction involving any director, or any director’s affiliates or immediate family members, was inconsistent with a determination that the director is independent for purposes of serving on our Board of Directors and its committees. During this review, our Board considered whether there were any transactions or relationships between each director nominee or their affiliates and family members and Church & Dwight. As a result of this review, our Board affirmatively determined that each of Bradlen S. Cashaw, Bradley C. Irwin, Penry W. Price, Susan G. Saideman, Ravichandra K. Saligram, Robert K. Shearer, Michael R. Smith, Janet S. Vergis, Arthur B. Winkleblack and Laurie J. Yoler is independent within the meaning of the NYSE listing standards and under the categorical standards described in the Corporate Governance Guidelines. Mr. Dierker, our President and Chief Executive Officer, is not an independent director.
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Our Board of Directors has further determined that each of the members of the Audit Committee, Compensation & Human Capital Committee, and Governance, Nominating & Corporate Responsibility Committee is independent within the meaning of the NYSE listing standards, and that the members of the Audit Committee and the Compensation & Human Capital Committee meet the additional independence requirements of the NYSE listing standards applicable to audit committee members and compensation committee members, respectively. In addition, the members of the Compensation & Human Capital Committee are “non-employee directors” as defined under applicable SEC rules.
COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION
None of the directors who served on the Compensation & Human Capital Committee in fiscal year 2025 has ever served as one of our officers or employees. In addition, none of the directors who served on the Compensation & Human Capital Committee had any relationship with us or any of our subsidiaries during fiscal year 2025 pursuant to which disclosure would be required under applicable rules and regulations of the SEC pertaining to the disclosure of transactions with related persons. During fiscal year 2025, none of our executive officers served as a member of the compensation committee (or other committee performing similar functions or, in the absence of any such committee, the entire board of directors), of any other entity of which an executive officer of such other entity served on our Board of Directors or the Compensation & Human Capital Committee.
EXECUTIVE SESSIONS OF INDEPENDENT DIRECTORS
Our Board of Directors meets in regularly scheduled executive sessions without any members of our management, including the CEO, present. Our Chair, currently Mr. Saligram, is responsible for chairing the executive sessions of our Board of Directors. In addition, each of the Compensation & Human Capital, Governance, Nominating & Corporate Responsibility and Audit Committees regularly meet alone in scheduled executive sessions without any members of our management, including the CEO, present.
BOARD OF DIRECTORS EDUCATION
Regular continuing education programs enhance the skills and knowledge directors use to perform their responsibilities. These programs may include internally developed programs or programs presented by third parties. In 2025, in addition to the regular sustainability and cybersecurity updates and functional deep dives the Board receives at each meeting, the full Board hosted artificial intelligence (AI) experts and engaged in discussions around the current landscape of AI risks, among other topics. Additionally, we encourage our directors to participate in external continuing director education programs. New directors also participate in comprehensive orientation sessions that provide them with a thorough understanding of their fiduciary duties as well as a robust overview of the Company’s business and strategies, which allows new directors to begin making contributions to the Board at the start of their service.
BOARD OF DIRECTORS RISK OVERSIGHT
Our Board of Directors, acting principally through the Audit Committee, is actively involved in the oversight of the significant risks affecting our business. Our Board of Directors’ and the Audit Committee’s risk oversight activities are focused on management’s risk assessment and management processes, as well as on our ethics and compliance program.
Our Internal Audit Department administers an annual detailed Enterprise Risk Management assessment with management to identify and rank the most significant risks that affect our Company, including consideration of a large number of risks associated with companies in the consumer products industry. Formal alignment of the most significant risks occurs between the Board and executive management every other year and as changes in the risk environment necessitate. The assessed risks encompass, among others, economic, industry, enterprise, operational, cybersecurity, data privacy, compliance, sustainability and financial risks. Our President and Chief Executive Officer assigns an executive officer to lead the management of each of those risks identified as among the most significant. As part of the risk management process, our Internal Audit Department annually prepares an Internal Audit project plan under which it reviews activities directed to mitigate business and financial related risks. This plan is subject to Audit Committee approval.
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Our Head of Internal Audit meets quarterly with our executive officers to assess changes in the magnitude of identified risks, as well as the status of mitigation activities with regard to the most significant risks. Our Head of Internal Audit reports directly to the Audit Committee and advises the Audit Committee on a quarterly basis regarding management’s risk assessment process and the progress of mitigation activities designed to maintain risk within acceptable levels. The Audit Committee, in turn, reports to our Board of Directors on these matters on a quarterly basis.
Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee oversight of cybersecurity and other information technology risks. The Audit Committee oversees management’s implementation of our cybersecurity risk management program, including reviewing risk assessments from management with respect to our information technology systems and procedures, and overseeing our cybersecurity risk management processes. The Audit Committee, which is tasked with oversight of certain risk issues, including cybersecurity, receives reports from the Executive Vice President, Chief Technology & Analytics Officer ("CTAO") and the Vice President, Chief Information Security Officer (“CISO”) each quarter. At least annually, the Board and the Audit Committee also receive updates about the results of exercises and response readiness assessments led by outside advisors who provide a third-party independent assessment of our technical program and our internal response preparedness. The Audit Committee regularly briefs the full Board on these matters, and the full Board also receives periodic briefings regarding our Information Security Program and cyber threats in order to enhance our directors’ literacy on cyber issues. In addition, management will update the Audit Committee, as necessary, regarding cybersecurity incidents that we may experience. Our management team, including our CTAO, is responsible for assessing and managing our material risks from cybersecurity threats. The team has primary responsibility for our overall cybersecurity risk management program and oversees both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our management team’s cybersecurity risk management is led by our CISO, who has significant experience across digital innovation and technology-enabled growth, information security, infrastructure, operations and compliance. Our management team supervises efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which include briefings from internal security personnel; threat intelligence and other information obtained from governmental, law enforcement, public or private sources, including external consultants engaged by us; and alerts and reports produced by security tools deployed in the IT environment.
From time to time, the Company adopts new or emerging technologies, such as artificial intelligence, to enable and facilitate business objectives. The Board maintains direct oversight over our technology strategy and risk. Our Audit Committee assists the Board in overseeing our technology governance and risk.
Our Executive Vice President and General Counsel leads our ethics and compliance risk oversight program through the Compliance Council, which is comprised of various functional representatives and compliance subject matter experts. The Compliance Council meets regularly to review the health of the program, opportunities for improvement, and the status of execution against agreed program priorities. Our Executive Vice President and General Counsel also meets regularly with the Audit Committee, either alone or together with subject matter experts from the Compliance Council, to review the health of our compliance and ethics program, its priorities, and the status of execution against those priorities. Annually, our Executive Vice President and General Counsel provides a comprehensive review of the compliance and ethics program to our Board of Directors, and supplements this review, from time to time, as requested by our Board of Directors or as appropriate with respect to specific compliance risk areas or issues.
Our Executive Vice President and General Counsel, Executive Vice President, Chief Technology Officer & Global New Product Innovation, Executive Vice President, Chief Supply Chain Officer and Executive Vice President, Chief Human Resources Officer lead our sustainability program and initiatives through the Corporate Issues Council (the “Council”) which is comprised of various functional representatives and subject matter experts. The Council meets regularly to review the health of the program, opportunities for improvement, and the status of execution against agreed program priorities. Our Executive Vice President and General Counsel also meets regularly with the Governance, Nominating & Corporate Responsibility Committee, together with subject matter experts from the Council, to review the health of our sustainability program, and the status of execution against them. The Chair of our Governance, Nominating & Corporate Responsibility Committee reviews the status of our sustainability program with our Board of Directors at each regularly scheduled Board meeting, and supplements this review, from time to time, as requested by our Board of Directors or as appropriate with respect to specific sustainability program matters, other than those related to human
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capital, which are overseen by the Compensation & Human Capital Committee and reported on to the Board by the Chair of that Committee.
In addition to the efforts of our Board of Directors and the Audit Committee to address risk oversight, the Compensation & Human Capital Committee annually reviews our compensation policies and practices to confirm that such compensation policies and practices do not create risks that are reasonably likely to have a material adverse effect on our Company. As a result of its most recent review in 2025, the Compensation & Human Capital Committee concluded that our incentive compensation policies and practices do not create risks that are reasonably likely to have a material adverse effect on us for the following reasons:
Our Board of Directors believes that our compensation system, our division of risk oversight responsibilities, and our Board of Directors’ leadership structure comprise and support the most effective risk management approach.
We believe our policies and practices are designed to promote strong performance and effectively motivate behaviors that drive long‑term shareholder value.
BOARD OF DIRECTORS LEADERSHIP STRUCTURE
The Corporate Governance Guidelines provide that our Board of Directors may determine from time to time what leadership structure works best for our Company, including whether the same individual should serve both as Chairman of our Board of Directors and Chief Executive Officer. In addition, the guidelines provide that if the same individual serves as Chairman of our Board of Directors and CEO, or the Chairman is otherwise not independent, our Board of Directors shall have an independent Lead Director, as selected by the independent members of the Board.
Beginning in October 2025, Ravichandra Saligram, who had been serving as our independent Lead Director, was appointed Chairman of the Board. Mr. Saligram has served on our Board since 2006 and served as independent Lead Director from 2023 until September 2025. The Board has nominated Mr. Saligram for reelection to the Board at the Annual Meeting and, contingent upon his reelection, Mr. Saligram is expected to continue in his role as Chairman of the Board. The Board believes that Mr. Saligram’s extensive leadership experience in a variety of industries, including consumer packaged goods, provides important continuity of Board leadership and strategic oversight, allowing Mr.
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Dierker, who began serving as the Company’s CEO in April of 2025, to focus on executing the Company’s strategies and managing the global organization. Mr. Dierker is available and provides updates to all directors between meetings and meets regularly with the Chairman of the Board and with the directors individually and as a group to receive feedback from the Board. Mr. Saligram's collaboration with Mr. Dierker allows the Board to focus attention on the issues of greatest importance to the Company and its stockholders and our CEO to focus primarily on leading the Company.
Our Chief Executive Officer has primary responsibility for the operational leadership and strategic direction of the Company, which includes among other responsibilities engagement with the Company's stockholders. Our Chairman facilitates the Board’s oversight of management, promotes communication between management and our Board, facilitates engagement with stockholders together with the Chief Executive Officer and other senior members of management, and leads our Board’s consideration of key governance matters. As non-executive Chairman, Mr. Saligram’s responsibilities include:
We believe that the presence of a non-executive Board Chairman enhances the ability of our Board of Directors to provide additional independent oversight and supplements the following corporate governance practices, which also facilitate independent oversight:
COMMUNICATION WITH THE BOARD OF DIRECTORS
Our Chairman acts as a contact person to facilitate communications between employees, stockholders and others with the independent directors. The Chairman is responsible for ensuring that stockholder requests, recommendations, and proposals regarding governance-related matters are evaluated by the Governance, Nominating
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& Corporate Responsibility Committee, the Compensation & Human Capital Committee, or Audit Committee, as appropriate, and then by our Board of Directors based on the applicable Committee’s recommendation.
Any person who wishes to communicate with our Board of Directors, including the Chairman or the independent directors as a group, may direct a written communication to our Board of Directors, the Chairman, or the independent directors, at: Church & Dwight Co., Inc., Princeton South Corporate Park, 500 Charles Ewing Boulevard, Ewing, New Jersey 08628, Attention: Secretary. Such correspondence (other than solicitations) will be logged in and forwarded to the Chairman.
STOCKHOLDER ENGAGEMENT
We recognize the value of and are committed to engaging with our stockholders and soliciting their views and input on various topics. We approach stockholder engagement through various avenues:
Annual Stockholders Meeting
Our annual stockholder meeting is conducted virtually through a live webcast and online stockholder tools, which we believe enhances rather than constrains stockholder access and participation. We believe that a virtual meeting format facilitates stockholder attendance and enables stockholders to participate fully, and equally, from any location around the world, at no cost. This format allows all stockholders to communicate with us both in advance of and during the meeting and provides a forum to ask questions of the members of our Board and management. We believe this is the right choice for a Company with a global stockholder base, not only saving costs for the Company and its stockholders, but also increasing the ability to engage with all stockholders, regardless of the amount of stock owned or physical location.
We do not place restrictions on the type or form of questions that may be asked but reserve the right to edit inappropriate questions. During the live Q&A session of the meeting, we endeavor to answer pertinent questions asked during the meeting as well as those asked in advance, as time permits. If we are unable to respond to a stockholder’s properly submitted question during the meeting, we may provide written responses on our corporate website shortly after the meeting, depending on the subject matter and relevance of the questions. Although the live webcast is available only to stockholders at the time of the meeting, a replay of the meeting is made publicly available on the Company’s investor relations website.
For more information about the virtual stockholder meeting, see “Information About The Annual Meeting And Voting.”
Investor Meeting
We hold our annual Investor Meeting (“Investor Meeting”) in January or February of each year. At the Investor Meeting, our CEO and CFO and other members of the executive leadership team discuss the previous quarter and year-end results and provide an update on our strategy and the financial outlook for our upcoming fiscal year. The Investor Meeting is an important opportunity for investors to have access to our management team and provides a deeper understanding of, and direct insight into, our business, strategy, and outlook, as well as any other important topics.
Year-Round Engagement
Our stockholder engagement practices and controls, which are designed to support our commitment to constructive communications between our stockholders and the independent directors, include the ability of our stockholders to cast an annual advisory vote on executive compensation (“say-on-pay”), the ability to submit stockholder proposals and recommend candidates for election to our Board, and the ability to communicate directly with our Board of Directors.
We also engage with our stockholders throughout the year. Our comprehensive stockholder engagement program includes, in addition to the Annual Stockholder Meeting and Investor Meeting, earnings calls and post-earnings
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communications, conference presentations and meetings, individual meetings and responses to investor inquiries. The multi-faceted nature of our program allows us to maintain meaningful engagement with our broad investor community, including advisory firms.
We value our stockholders’ feedback and are committed to engaging in constructive and meaningful dialogue with stockholders throughout the year, including with respect to our performance, governance practices, executive compensation, and the Board’s oversight of risk, strategy, talent and sustainability matters. In 2025, we engaged with a number of stockholders, and topics discussed included our executive compensation program, governance practices, risk management and sustainability. Meetings regarding those matters were led by our CFO, with support from various subject matter experts within the Company, including our General Counsel. In addition, we hosted numerous investor meetings on our business performance, category performance, and competitive actions. Those meetings were attended at times by both our CEO and CFO or with our CFO and an investor relations representative. Maintaining a disciplined approach to the discussions and allowing adequate meeting time ensures that matters important to stockholders are not neglected in favor of addressing only current salient issues. Summaries of all of these communications are provided to our Nominating, Governance & Corporate Responsibility Committee, as well as our Compensation & Human Capital Committee, as applicable, and the Board.
We remain committed to these ongoing discussions and welcome feedback from all stockholders, who can contact our directors or executive officers as described under “Communication with the Board of Directors.”
BOARD OF DIRECTORS MEETINGS AND COMMITTEES
Committees of the Board of Directors
The Board has four standing committees as set forth in the table below, as well as a Finance Committee that meets on an ad hoc basis. During 2025, each incumbent director attended at least 75 percent of the aggregate number of meetings held by our Board and all Board committees on which such director served. The following table shows the current members of each of the four standing committees and the number of meetings held during fiscal 2025.
Director |
Board |
Audit |
Compensation |
Governance, |
Executive |
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Bradlen S. Cashaw |
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✓ |
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✓ |
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✓ |
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Richard A. Dierker |
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✓ |
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Chair |
Bradley C. Irwin |
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✓ |
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✓ |
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✓ |
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Penry W. Price |
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✓ |
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✓ |
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Chair |
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✓ |
Susan G. Saideman |
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✓ |
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✓ |
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✓ |
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Ravichandra K. Saligram |
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Chair |
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✓ |
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✓ |
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✓ |
Robert K. Shearer |
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✓ |
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✓ |
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Michael R. Smith |
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✓ |
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✓ |
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Janet S. Vergis |
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✓ |
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✓ |
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Chair |
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✓ |
Arthur B. Winkleblack |
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✓ |
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Chair |
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✓ |
Laurie J. Yoler |
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✓ |
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✓ |
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✓ |
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Number of Meetings in 2025 |
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6 |
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5 |
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6 |
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4 |
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0 |
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Although we do not have a formal policy requiring attendance of directors at our Annual Meetings, we expect all directors to attend the Annual Meeting absent exceptional circumstances. All incumbent directors attended the 2025 Annual Meeting.
Audit Committee. Under its Charter, the Audit Committee, among other responsibilities, (i) has sole authority to retain, set compensation and retention terms for, terminate, and oversee and evaluate the activities of, our independent registered public accounting firm; (ii) reviews and approves in advance the performance of all audit and permitted non-audit services, subject to the pre-approval policy discussed below under “Pre-Approval of Audit and Permissible Non-Audit Services”; (iii) reviews and discusses with management and our independent registered public accounting firm the annual audited financial statements and quarterly financial statements and certain other disclosures included in our filings with the SEC; (iv) reviews and discusses with management earnings press releases prior to their release; (v) discusses with management, internal audit personnel, and our independent registered public accounting firm, our risk assessment and risk management policies, including our major financial risk exposures, the security of the Company’s computerized information systems, risks from cyber threats and risks arising from the Company’s use of artificial intelligence, machine learning, automation, and data analytics technologies in its operations and financial reporting processes; (vi) oversees the internal audit function; (vii) discusses with management, internal audit personnel, and our independent registered public accounting firm the adequacy and effectiveness of our financial reporting processes, internal control over financial reporting, and disclosure controls and procedures; (viii) keeps the independent auditors informed of the relationships and transactions with related parties that are significant to the Company; and (ix) oversees the adoption, periodic review, and oversight of policies and procedures regarding business conduct and oversees our compliance and ethics program.
Our Board of Directors has determined that each of Mr. Shearer, Mr. Smith and Mr. Winkleblack is an “audit committee financial expert” within the meaning of SEC regulations.
The Audit Committee has established procedures for the receipt, retention, and treatment of complaints regarding accounting, internal accounting controls and auditing matters and the receipt of confidential, anonymous submissions by our employees with respect to concerns regarding potential violations of our compliance and ethics program, including questionable accounting or auditing matters. Such complaints and submissions may be made by writing to the following address: Church & Dwight Co., Inc., Princeton South Corporate Park, 500 Charles Ewing Boulevard, Ewing, New Jersey 08628, Attention: Secretary. Complaints may also be made via the Internet at www.churchdwight.ethicspoint.com, or by calling our toll-free hotline. The Audit Committee regularly receives reports regarding potential violations of our compliance and ethics program and oversees certain investigations relating thereto. The number for calls placed within the United States and Canada is (855) 384-9879. The numbers for calls placed in other countries may be found on the Internet at https://secure.ethicspoint.com/domain/media/en/gui/33731/index.html. Such correspondence will be logged in and forwarded to the Chair of the Audit Committee or his/her designated delegates, who provide the Audit Committee with regular reports.
Compensation & Human Capital Committee. Under its Charter, the Compensation & Human Capital Committee is responsible for approving the specific salary, bonuses, stock awards, and other compensation for our elected officers, which includes our named executive officers identified in the Summary Compensation Table. The Compensation & Human Capital Committee also, among other responsibilities: (i) oversees the design of our executive compensation programs, policies, and practices; (ii) reviews and approves the adoption, termination, and amendment of, and administers, our incentive and equity compensation plans; (iii) reviews and approves the adoption, termination and amendment of the health, welfare, wealth accumulation, retirement and other benefit plans of the Company and, where appropriate, its affiliates; (iv) reviews and approves annually corporate goals and objectives as they relate to CEO and other executive officer compensation; (v) evaluates at least annually the performance of the CEO and the other executive officers and establishes their respective compensation; (vi) evaluates whether our compensation policies and practices for our executive officers and other employees create risks that are reasonably likely to have a material adverse effect on us; (vii) collaborates with the Governance, Nominating & Corporate Responsibility Committee, regarding recommendations to our Board of Directors concerning executive officer succession; (viii) collaborates with the Governance, Nominating & Corporate Responsibility Committee, regarding recommendations to
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our Board of Directors concerning non-employee director compensation; and (ix) recommends to the Board the development, selection, retention, and dismissal of elected officers. The Compensation & Human Capital Committee also reviews and discusses with management the development, implementation and effectiveness of the Company’s policies and strategies related to its human capital management function, including policies and strategies regarding the development, attraction, and retention of Company personnel, workplace environment and culture, and internal communications programs.
In considering executive compensation, the Compensation & Human Capital Committee considers the executive compensation recommendations as well as the comparative public company data provided by independent compensation consultants engaged directly by the Compensation & Human Capital Committee. Semler Brossy Consulting Group, LLC (“Semler Brossy”) serves as the Compensation & Human Capital Committee’s independent compensation consultant and does not provide any other services to us. See “Compensation Discussion and Analysis” for additional information regarding the services provided by Semler Brossy and information considered by the Compensation & Human Capital Committee. The Compensation & Human Capital Committee also takes into account statistical data and recommendations of our CEO. However, our CEO does not make recommendations and does not participate in any discussions or decisions regarding his own compensation.
Governance, Nominating & Corporate Responsibility Committee. Under its Charter, the Governance, Nominating & Corporate Responsibility Committee, among other responsibilities, (i) develops and periodically reviews, and recommends to our Board of Directors, criteria for the selection of new directors to serve on our Board of Directors; (ii) identifies individuals qualified to become members of our Board of Directors consistent with our Board of Directors’ criteria for selecting new directors set forth in the Corporate Governance Guidelines; (iii) recommends to our Board of Directors, director nominees to be elected at the next annual meeting of stockholders and, where applicable, to fill vacancies; (iv) considers and makes recommendations to our Board of Directors on questions of independence and possible conflicts of interest of members of our Board of Directors and executive officers in accordance with the Corporate Governance Guidelines; (v) in collaboration with the Compensation & Human Capital Committee, makes recommendations to our Board of Directors concerning executive officer succession; (vi) oversees Board of Directors and committee evaluations; (vii) makes recommendations to our Board of Directors regarding corporate governance matters; (viii) reviews and make recommendations to the Board of Directors on policies and procedures regarding political contributions and membership in trade associations and other tax-exempt organizations; (ix) in consultation with the Compensation & Human Capital Committee, periodically reviews and makes recommendations to our Board of Directors regarding the compensation of our non-employee directors, and the principles upon which such compensation is determined; and (x) oversees the Company’s sustainability program, including, but not limited to, the Company’s environmental, climate resilience, responsible packaging, responsible sourcing and product ingredients (other than those related to human capital matters, which are overseen by the Compensation & Human Capital Committee).
The Governance, Nominating & Corporate Responsibility Committee recommends to our Board of Directors candidates for nomination to our Board of Directors. When considering individuals to recommend for nomination, the Governance, Nominating & Corporate Responsibility Committee seeks persons with diverse backgrounds who possess the following characteristics: integrity, education, commitment to our Board of Directors, business judgment, business experience, accounting and financial expertise, diversity, reputation, civic and community relationships, high performance standards, and the ability to act on behalf of stockholders.
The Governance, Nominating & Corporate Responsibility Committee will consider recommendations for director candidates from stockholders. Stockholder recommendations of candidates should be submitted in writing to: Church & Dwight Co., Inc., Princeton South Corporate Park, 500 Charles Ewing Boulevard, Ewing, New Jersey 08628, Attention: Secretary. In considering any candidate proposed by a stockholder, the Governance, Nominating & Corporate Responsibility Committee will reach a conclusion as to whether to recommend such candidate to our Board of Directors based on the criteria described above. The Governance, Nominating & Corporate Responsibility Committee may seek additional information regarding the candidate. After full consideration, the stockholder recommending the candidate will be notified of the decision of the Governance, Nominating & Corporate Responsibility Committee (and of our Board
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of Directors, if the candidate is recommended to our Board of Directors for consideration). The Governance, Nominating & Corporate Responsibility Committee will consider all potential candidates in the same manner regardless of the source of the recommendation.
As highlighted in our Corporate Governance Guidelines, the Board values inclusivity and recognizes the importance of having unique and complementary backgrounds and perspectives in the boardroom. The Board endeavors to include diverse skills, professional experience, and perspectives that reflect our consumer and investor base, and to guide the Company in a way that reflects the best interests of all our stockholders. The Governance, Nominating & Corporate Responsibility Committee reviews the director nominees (including any stockholder nominees) and ascertains whether, as a whole, they meet the Corporate Governance Guidelines in this regard. For this year’s election, the Board has nominated 11 individuals who bring varied experiences to the Board. Their collective experience covers a wide range of roles, geographies, and industries. The Governance, Nominating & Corporate Responsibility Committee works with the search firms engaged by the Company to seek a wide range of candidates for serious consideration in all prospective director candidate pools. In addition, the Governance, Nominating & Corporate Responsibility Committee is committed to considering directors with all backgrounds for all future vacancies on the Board. The Company is committed to ongoing Board refreshment. Consistent with its Corporate Governance Guidelines, directors are required to retire upon reaching age 75. In line with the practices of the majority of its peers and most S&P 500 companies, the Company seeks to maintain a level of continuity of valuable experience of its independent Board members and believes this objective is best achieved through a case‑by‑case assessment rather than by imposing a fixed limit on director tenure. Accordingly, on December 4, 2025, the Board approved an amendment to the Corporate Governance Guidelines to eliminate limits on the number of years a director may serve on the Board. The Board also believes that tenure diversity should be considered in order to achieve an appropriate balance between the detailed Company-knowledge and wisdom that comes with many years of service as a director, and the fresh perspective of newer Board members. We believe that our current Board has an appropriate balance of experienced and newer directors and a consistent practice of regularly adding new Board members. The Governance, Nominating & Corporate Responsibility Committee balances all of the above considerations when assessing the composition of our Board of Directors. The Governance, Nominating & Corporate Responsibility Committee may engage the services of third-party search firms to assist in identifying and assessing the qualifications of director candidates.
We have adopted policies to ensure that our directors do not have excessive time commitments. As set forth in our Corporate Governance Guidelines, ordinarily, members of our Board of Directors should not serve on the board of directors of more than four public companies (including the Company), and our Chief Executive Officer should not serve on the board of directors of more than two public companies (including the Company), without the approval of the Governance, Nominating & Corporate Responsibility Committee. Compliance with this policy is reviewed annually, and all of the members of our Board are currently in compliance with this policy.
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The Board continuously evaluates and, as appropriate, updates our corporate governance practices based on recommendations from the Governance, Nominating & Corporate Responsibility Committee. Over the years we have made significant governance changes designed to facilitate stockholder participation and engagement, including the following:

Executive Committee. The Executive Committee may exercise the authority of our Board of Directors, except as specifically reserved by Delaware law to our Board of Directors or as our Board of Directors otherwise provides. Mr. Dierker is chair of the Executive Committee. Messrs. Price, Saligram and Winkleblack and Ms. Vergis also serve on the Executive Committee.
Finance Committee. The Board also has a Finance Committee, which meets on an ad hoc basis. The Finance Committee reviews financing and capital markets issues but has no decision autonomy. Mr. Winkleblack is chair of the Finance Committee. Messrs. Cashaw, Irwin and Shearer also serve on the Finance Committee.
SUCCESSION PLANNING
Our Board of Directors recognizes that one of its most important duties is to ensure excellence and continuity in our senior leadership by overseeing the development of executive talent and planning for the effective succession of the Chairman of our Board of Directors and our CEO and other senior members of executive management. Our CEO and other senior executive succession planning process includes identifying external candidates, where appropriate, and identifying and developing potential internal candidates on an ongoing basis. Our succession planning process was evidenced in 2025 and 2026 through several key leadership transitions. In 2025, the Board appointed Richard Dierker, our Executive Vice President, Chief Financial Officer and Head of Business Operations, to succeed Matthew Farrell as our President and Chief Executive Officer. Lee McChesney, a former executive of MSA Safety Inc. succeeded Richard Dierker as Executive Vice President, Chief Financial Officer and Mark Magazine, our former Vice President,
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Grocery, succeeded Carlen Hooker as Executive Vice President, Chief Commercial Officer. In 2026 Raman (Ray) Bajaj, the former Global Chief Data & Technology Officer at Kimberly-Clark Corporation, succeeded Kevin Gokey as Executive Vice President, Chief Technology & Analytics Officer.
The criteria used when assessing the qualifications of potential CEO successors are included on a position specification developed by our Board of Directors. Our Board of Directors is committed to being prepared for a planned or unplanned change in our leadership in order to ensure our stability.
In continuation of this process, the Governance, Nominating & Corporate Responsibility Committee, in collaboration with the Compensation & Human Capital Committee, agree upon and recommend to the Board a succession plan for our CEO and other senior members of executive management in the ordinary course of business and in emergency situations. Through this process, our Board of Directors receives from our CEO and the Executive Vice President, Chief Human Resources Officer qualitative evaluations of, and recommendations concerning, potential successors to our CEO and our other senior executives, along with a review of any development plans recommended for such individuals. At least once annually, our Board of Directors reviews our succession plans. Succession planning is also regularly discussed in executive sessions of our Board of Directors and in committee meetings, as applicable. Our directors become familiar with internal potential successors for key leadership positions through various means, including a comprehensive annual talent and succession review, Board of Directors and committee meeting presentations, and less formal interactions throughout the course of the year.
CODE OF CONDUCT
We have adopted a Code of Conduct that applies to all employees and directors of Church & Dwight and our global subsidiaries. Among other things, the Code of Conduct is designed to deter wrongdoing and to promote honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships, promote full, fair, accurate, timely and understandable disclosures in periodic reports we are required to file, promote compliance with applicable governmental laws, rules, and regulations and promote a harassment-free work environment. The Code of Conduct requires the prompt internal reporting of violations of the Code of Conduct and contains provisions regarding accountability for adherence to the Code of Conduct. The Code of Conduct is available on the “Investors” page of our website at www.churchdwight.com. We are committed to satisfying the disclosure requirements regarding any amendment to, or waiver from, a provision of the Code of Conduct, including the conduct of an executive officer or member of our Board, by making disclosures concerning such matters available on the “Investors” page of our website. See “Corporate Governance and Other Board Matters—Board of Directors Meetings and Committees—Audit Committee” for a summary of our procedures for the submission, receipt, retention, and treatment of complaints with respect to concerns regarding potential violations of our compliance and ethics program. Confidentiality terms in our settlement agreements with employees comply with all federal and state laws regarding limitations on confidentiality provisions and explicitly permit employees to report to government agencies and participate in government proceedings. Moreover, it is our practice not to use arbitration clauses in agreements with employees.
INSIDER TRADING POLICIES AND PROCEDURES
We have longstanding
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POLITICAL EXPENDITURES
As set forth in our Code of Conduct and our Political Contributions Policy, we have a longstanding policy against making direct or indirect contributions to any political party or candidate. In addition, each year, we request that U.S. trade associations to which the Company pays in excess of $25,000 annually confirm their compliance with our policy. The Political Contributions Policy is available on our website on the “Investors” page.
SUSTAINABILITY STRATEGY
We believe that sustainability is critical to the health of the communities in which we operate, contributes to a better world and benefits our business both financially and operationally. Each year we publish a Sustainability Report that discloses our business and corporate responsibility commitments and details our sustainability performance metrics and targets and other components of our sustainability efforts. Our 2024 Sustainability Report is available on our web site at https://churchdwight.com/pdf/Sustainability/2024-Sustainability-Report.pdf, and our 2025 Sustainability Report will be available in April 2026 (collectively, the “Sustainability Reports”). References to our Sustainability Reports are for informational purposes only and neither the Sustainability Reports nor the other information on our website is incorporated by reference into this Proxy Statement.
The following six pillars are the core focus of our sustainability efforts. Each is supported through our Governance practices, which are intended to maintain a system of rules and practices that determine how we operate and align the interests of our stakeholders in support of ethical business practices and financial success.
Environmental
We manage our global operations to strengthen efficiency, protect brand trust, meet the requirements of leading retailers and consumers and comply with evolving federal, state, local and foreign laws, rules and regulations governing environmental matters. Our priorities include delighting consumers through our brands; delivering safe, effective products; optimizing packaging to reduce cost and improve recyclability; lowering energy and water use to expand margins; minimizing waste and disposal expense; strengthening ethical, reliable, high‑quality supply through our suppliers; and fostering an inclusive culture and responsible corporate citizenship.
Our emissions and packaging initiatives are driven by cost efficiency, retailer access, and consumer expectations. We prioritize absolute emissions reductions, energy and water efficiency, and recyclable packaging to reduce operating costs, strengthen supply‑chain reliability, and maintain competitiveness across major retail channels. We have established both science-based emissions reduction targets, which were approved by the Science Based Targets Initiative (SBTi) in 2022, and operational climate goals that support progress toward those targets. Our science-based targets focus on reducing absolute GHG emissions across our operations and value chain through 2030. Separately, we have set an operational goal for our owned and controlled global operations to maintain carbon-neutral
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status through a combination of GHG reduction programs, renewable energy credits (RECs), and purchased carbon credits. We report our progress towards our goals in our Sustainability Reports.
Our operations are subject to federal, state, local and foreign laws, rules and regulations governing environmental matters, including air emissions, wastewater discharges, solid and hazardous waste management activities, and employee safety. We endeavor to take the necessary actions to comply with such regulations. These steps include periodic environmental, health and safety audits of our facilities. The audits, conducted by independent firms with expertise in environmental, health and safety compliance, include site visits at each location, and a review of documentation, to determine compliance with such federal, state, local and foreign laws, rules and regulations.
Social
Our Social focus is driven by our goals of delighting consumers with our brands through our contributions toward a more sustainable world, improving our suppliers’ labor, health & safety, environmental and ethical practices, and supporting our employees and communities—all to create a stronger, more resilient company.
Employee safety and wellness remain two of our highest priorities. We administer company-wide policies designed to ensure the safety of each team member and compliance with Occupational Safety and Health Administration (OSHA) and local standards. We embrace our employees across all dimensions and believe that a strong sense of belonging fosters innovation and supports an environment enriched by diverse perspectives, talents, and experiences. We strive to cultivate a culture and processes that support our ability to recruit, hire, develop, and retain talent at every level based on merit. We do not discriminate in our recruiting, hiring, or promotion on the basis of protected class characteristics or conditions. We encourage our employees to become involved in their communities through our Employee Giving Fund, which supports charitable organizations where our employees work and live, and The Church & Dwight Philanthropic Foundation (the “Foundation”) which is focused on helping to create educational and employment opportunities and advancing environmental preservation. The Employee Giving Fund and the Foundation are administered by our employees.
Governance
Our sustainability governance focus includes the processes, rules, resources and systems in support of our operational and sustainability efforts. The Council, comprised of senior executives representing all of our key functional areas, guides the integration of sustainability within all parts of our business and drives continuous improvement in our sustainability approach and performance. The Council takes the lead in defining and implementing our sustainability strategy across our six pillars. Its duties include allocating resources to appropriately address sustainability issues; reporting on our progress to drive continuous improvement in our sustainability approach and performance; and monitoring, prioritizing and addressing evolving standards and stakeholder requirements. Our Board of Directors, acting principally through its Governance, Nominating & Corporate Responsibility Committee, oversees our sustainability program and sustainability efforts, including our climate related policies and programs. The Governance, Nominating & Corporate Responsibility Committee focuses on governance, brands, products, packaging, responsible sourcing, environmental, and all other areas of our Sustainability Program not otherwise overseen by the Compensation & Human Capital Committee and the Audit Committee. Our Compensation & Human Capital Committee focuses on issues related to our people. Our Audit Committee oversees our compliance and ethics program. Each of the Committees report to the Board on their respective areas of responsibility each quarter. Our Board also reviews the results of our periodic employee engagement surveys and has oversight over our planned response strategy.
As described in our Sustainability Reports, our continued progress in key areas of sustainability has earned recognition from various third parties.
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Human Capital
Overview
Much of our success comes from our culture. Our people share a collective energy and ambition towards making a difference supporting the greater good, by providing affordable, quality products for everyday life, as reflected in our sustainability commitments, and by giving back to their communities. Our culture generates a collective passion, strength and determination to make an outsized impact, every day.
Safety and Wellness
Employee safety and wellness in both plants and offices remain two of our highest priorities. We developed and administer company-wide policies to ensure the safety of each team member and compliance with OSHA standards.
Our Employees
As of December 31, 2025, we had approximately 5,550 global employees, a decrease of approximately 200 compared to December 31, 2024. Approximately 85% of our workforce is located in the Americas, 11% in Europe, Middle East, and Africa, and 4% in the Asia-Pacific region. About 55% of our employees are salaried and about 45% are paid hourly wages. During fiscal 2025, our turnover rate was approximately 17%. Our revenue per employee in fiscal 2025 was approximately $1.12 million.
Inclusive and Effective Workplace
We embrace the diversity of our employees in all dimensions and our efforts aspire to help us achieve a more inclusive workforce and optimize our long-term performance. We also strive to cultivate a culture and processes that support and enhance our ability to recruit, develop and retain talent at every level based on merit.
As a company we remain committed to fair treatment, access, opportunity, and advancement for all.
In 2025, our employees successfully operated the Company's Employee Resource Groups (ERGs) for a second consecutive year. These company-supported, employee-run groups, which all employees are welcome to join, contribute to our goal of building and maintaining a diverse and inclusive workplace. Membership in the ERGs is open to all employees, and they are intended to help create safe, inclusive environments where all global employees feel connected, valued, and inspired to build customer value and contribute to our Company’s success. In addition to our existing ERGs VALOR (veterans), BOLD (black employees) and WAVE (female employees), we launched our fourth ERG (HOPE) in September 2025 that focuses on Hispanic employees.
Hiring, Development and Retention
Our talent strategy is focused on attracting the best talent and recognizing and rewarding performance, while continually developing, engaging and retaining our talented employees.
We invest resources in professional development and growth as a means of improving employee performance and improving retention. This includes management training aimed at continuous learning, professional training and development opportunities, targeted leadership development courses for aspiring new and existing leaders of different levels of seniority, tuition reimbursement, onboarding efforts, job specific programs for our employees, cultural reinforcement and more.
Compensation and Benefits
Attracting and retaining talent is a priority at Church & Dwight. We offer competitive pay and a range of benefits that support the well-being of our workforce. This includes offering competitive salaries and wages, as well as benefits such as health insurance, retirement and profit-sharing plans, and paid time off.
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Employees are eligible for health insurance, prescription drug benefits, dental, vision, hospital indemnity, accident, critical illness, and disability insurance, life insurance, health savings accounts, flexible spending accounts, reproductive rights coverage, participation in savings plans, and identity theft insurance, in each case subject to the terms and conditions of the applicable plans and programs.
Communities
We encourage our employees to become involved in their communities, and in 2025, our Employee Giving Fund supported our communities by providing approximately $1.3 million in employee and corporate contributions to 224 deserving community organizations through annual grants, disaster relief, and other monetary support. Employees purchased back-to-school supplies online to support disadvantaged youth, donated clothes and non-perishable items for clothing and food drives and provided supplies for a summer camp and holiday dinner for families in need. In 2020, the Company established The Church & Dwight Philanthropic Foundation (the “Foundation”) with the focus on helping to create educational and employment opportunities and advancing environmental preservation. In 2025, 10 organizations were chosen and received grants in aggregate totaling approximately $1.1 million. The Foundation and the Employee Giving Fund are administered by our employees.
COMPENSATION OF DIRECTORS
In 2025, our directors’ fees, other than Mr. Dierker, consisted of the following:
Annual Retainer 2025 |
|
|
|
|
|
Chairperson of the Board 1-1-25 to 9-30-25 |
|
$ |
270,000 |
|
|
Chairperson of the Board 10-1-25 to 12-31-25 |
|
$ |
295,000 |
|
|
Lead Director |
|
$ |
150,000 |
|
|
Chairperson of the Audit Committee |
|
$ |
145,000 |
|
|
Chairperson of the Compensation & Human Capital Committee |
|
$ |
140,000 |
|
|
Chairperson of the Finance Committee (per meeting) |
|
$ |
2,000 |
|
|
Chairperson of the Governance, Nominating & Corporate Responsibility Committee |
|
$ |
140,000 |
|
|
Other non-employee directors |
|
$ |
120,000 |
|
|
Annual Equity 2025 |
|
|
|
|
|
Annual Equity Grant |
|
$ |
160,000 |
|
|
Special Assignment 2025 |
|
|
|
|
|
Special Assignment (Per Meeting) |
|
$ |
2,000 |
|
|
The table above does not include a separate annual retainer for Mr. Dierker, who is a Board member, as he receives no additional compensation for his service on the Board.
We pay fees to our directors in accordance with the Amended and Restated Compensation Plan for Directors (the “Compensation Plan for Directors”). Any fees payable to our directors under the Compensation Plan for Directors may be deferred in accordance with our Deferred Compensation Plan for Directors, provided that a timely election is made by the director seeking such deferral. We also provide annual restricted stock units and stock option awards to our directors under the Church & Dwight Co., 2022 Omnibus Equity Compensation Plan (the “Omnibus Equity Compensation Plan”). All of these arrangements are described in further detail below.
Compensation Plan for Directors. The Compensation Plan for Directors was amended and restated in February 2023 and further amended and restated on November 1, 2023 and October 27, 2025 (as so amended and restated, the “Compensation Plan for Directors”) and provides for the payment of fee-based compensation (i.e., an annual retainer and any special assignment meeting fees) and annual equity grants to our directors who are not
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full-time employees of the Company or its affiliates. Special assignment meeting fees of $2,000 per meeting may be paid in consideration for attendance at meetings with respect to certain non-scheduled activities and special projects as determined by the Governance, Nominating & Corporate Responsibility Committee and cannot exceed $20,000 per special assignment committee member, including the chair of such committee. The annual retainer amount is pro-rated for any director with less than a full year of service. Mr. Farrell retired as President and Chief Executive Officer on April 1, 2025, but continued as Chairman of the Board until September 30, 2025. Mr. Farrell received a pro-rata portion of the Board retainer for his services from April 2, 2025 to September 30, 2025.
The Compensation Plan for Directors provides each director with the choice of receiving his or her fee-based compensation (i) 100 percent in cash if that director has fully satisfied the Company’s Stock Ownership Guidelines for Directors, (ii) 50 percent in cash and 50 percent in shares of our common stock if specifically elected by a director or (iii) 100 percent in shares of our common stock (the default method of payment). For 2025, all directors (other than Mr. Farrell who retired as President and Chief Executive Officer on April 1, 2025, but continued as Chairman of the Board until September 30, 2025) made their elections for how to receive their fee-based compensation in December 2024. Mr. Farrell made his election within 30 days of April 2, 2025. To determine the number of shares a director is entitled to receive under the Compensation Plan for Directors, the annual retainer or special assignment meeting fee amount (as applicable) is divided by the closing price of a share of our common stock as reported on the NYSE on the applicable payment date.
Annual Equity Grants for Directors. The Compensation Plan for Directors provides that, beginning in January 2023, non-employee directors will receive 50 percent of their Annual Equity Grant in the form of stock option awards and 50 percent in the form of restricted stock units (“RSUs”), in each case, granted under the 2022 Omnibus Equity Compensation Plan. These grants will be made on the first day of the first open trading window following the Company’s earnings release associated with the annual meeting of stockholders. A new director will receive his or her initial equity grant on the date such individual commences service with us as a director. The stock options will vest in full on the earlier of (i) the third anniversary of the date of grant, or (ii) the third annual meeting of the Company’s stockholders following the date of grant, provided that the director continues to serve on the Board until such date. Upon any cessation of service due to death or disability, all outstanding stock options, to the extent unvested, continue to vest and remain outstanding until the third anniversary of such death or disability (or earlier until expiration of the option term). With respect to stock option awards, for directors who retire after service on the Board for at least six years (“Retirement”), any stock options (to the extent unvested) will continue to vest and all unexercised stock options remain outstanding for the remainder of the option term. The RSUs will vest in full on the first anniversary of the date of grant, provided that the director continues to serve on the Board until such date. Upon any cessation of service due to death or disability all unvested RSUs will vest in full and will be settled by the payment of underlying shares following vesting. Upon Retirement,100 percent of the RSUs will immediately vest. No non-employee director may receive more than one equity grant in any calendar year.
Deferred Compensation Plan for Directors. The Deferred Compensation Plan for Directors provides an opportunity for our directors to defer payment of all or a portion of their respective director fees into a notional account until after termination of service. A director electing to defer payment must decide whether to receive the deferred payment in a lump sum or in annual installments over a period of up to 10 years. A director must make any of the foregoing elections prior to the beginning of the calendar year for which the deferred fees are earned. Also, newly elected directors may make such election within 30 days of becoming a director. A director’s election is deemed to remain in effect with respect to the following year unless the director revokes or changes such election prior to the commencement of such following year. Following a termination of service, the director generally receives a number of shares of our common stock in accordance with his or her timely filed election, either in a lump sum or in annual installments over a period of up to 10 years, equal to the number of notional shares then outstanding in the director’s deferred compensation account under the plan. On a change in control, any and all deferred accounts (including any account being paid in installments) will be immediately distributed. The number of notional shares represented by amounts in a participating director’s account is set forth below in the table captioned “Securities Ownership of Certain Beneficial Owners and Management.”
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2025 Annual Compensation Limit for Directors. Consistent with market practice, the Compensation Plan for Directors incorporates a maximum annual limit of $750,000 on the aggregate grant date value of equity and equity-based awards plus the aggregate amount of cash-based compensation granted to any non-employee director (whether elected to be paid in cash or shares of common stock or on a current or deferred basis).
2026 Director Compensation. On January 28, 2025, the Governance, Nominating & Corporate Responsibility Committee and the Compensation & Human Capital Committee, reviewed the compensation of our non-employee directors in consultation with Semler Brossy, the independent compensation consultant retained by the Compensation & Human Capital Committee, to determine if any changes are appropriate for fiscal 2025. Based upon its review, and in anticipation of Mr. Farrell being appointed as non-executive Chairman of the Board, the Governance, Nominating & Corporate Responsibility Committee recommended to the Board, and the Board approved, an annual retainer of $270,000 for the Chair of the Board of Directors, which consists of a standard retainer of $120,000 and a Non-Executive Chairman retainer of $150,000 (in addition to a standard annual equity grant with a fair value of $160,000).
On July 29, 2025, the Governance, Nominating & Corporate Responsibility Committee and the Compensation & Human Capital Committee, reviewed the compensation of our non-employee directors in consultation with Semler Brossy. Based upon its review, the Governance, Nominating & Corporate Responsibility Committee recommended to the Board, and the Board approved, the following increased director compensation, which became effective January 1, 2026:
Annual Retainer 2026 |
|
|
|
|
|
Chairperson of the Board |
|
$ |
295,000 |
|
|
Lead Director (if applicable) |
|
$ |
155,000 |
|
|
Chairperson of the Audit Committee |
|
$ |
145,000 |
|
|
Chairperson of the Compensation & Human Capital Committee |
|
$ |
142,500 |
|
|
Chairperson of the Finance Committee (per meeting) |
|
$ |
2,000 |
|
|
Chairperson of the Governance, Nominating & Corporate Responsibility Committee |
|
$ |
142,500 |
|
|
Other non-employee directors |
|
$ |
120,000 |
|
|
Annual Equity 2026 |
|
|
|
|
|
Annual Equity Grant |
|
$ |
170,000 |
|
|
Special Assignment 2026 |
|
|
|
|
|
Special Assignment (Per Meeting) |
|
$ |
2,000 |
|
|
As part of its analysis of the compensation of our non-employee directors, Semler Brossy reviewed the total compensation and each element of our non-employee director compensation program compared to the director compensation programs of our Compensation Peer Group, as identified and discussed in Compensation Discussion and Analysis--Role of Peer Groups. The Governance, Nominating & Corporate Responsibility Committee targets the total compensation paid to our non-employee directors at a level that approximates the 50th percentile of the compensation paid to non-employee directors of the Compensation Peer Group. Based on its analysis, Semler Brossy concluded that the total compensation paid to our non-employee directors was below the median of the director compensation of the Compensation Peer Group.
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The following table provides information regarding compensation paid to our non-employee directors in 2025.
2025 DIRECTOR COMPENSATION TABLE
Name |
Fees Earned or |
Stock |
Option |
All Other |
Total |
||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Bradlen S. Cashaw |
|
|
— |
|
|
|
|
200,000 |
|
|
|
|
80,000 |
|
|
|
|
— |
|
|
|
|
280,000 |
|
|
Bradley C. Irwin |
|
|
120,000 |
|
|
|
|
80,000 |
|
|
|
|
80,000 |
|
|
|
|
— |
|
|
|
|
280,000 |
|
|
Matthew T. Farrell (3) |
|
|
135,000 |
|
|
|
|
80,000 |
|
|
|
|
80,000 |
|
|
|
|
— |
|
|
|
|
295,000 |
|
|
Penry W. Price |
|
|
— |
|
|
|
|
220,000 |
|
|
|
|
80,000 |
|
|
|
|
— |
|
|
|
|
300,000 |
|
|
Susan G. Saideman |
|
|
120,000 |
|
|
|
|
80,000 |
|
|
|
|
80,000 |
|
|
|
|
— |
|
|
|
|
280,000 |
|
|
Ravichandra K. Saligram |
|
|
186,250 |
|
|
|
|
80,000 |
|
|
|
|
80,000 |
|
|
|
|
— |
|
|
|
|
346,250 |
|
|
Robert K. Shearer |
|
|
60,000 |
|
|
|
|
140,000 |
|
|
|
|
80,000 |
|
|
|
|
— |
|
|
|
|
280,000 |
|
|
Michael R. Smith |
|
|
— |
|
|
|
|
200,000 |
|
|
|
|
80,000 |
|
|
|
|
— |
|
|
|
|
280,000 |
|
|
Janet S. Vergis |
|
|
70,000 |
|
|
|
|
150,000 |
|
|
|
|
80,000 |
|
|
|
|
— |
|
|
|
|
300,000 |
|
|
Arthur B. Winkleblack |
|
|
145,000 |
|
|
|
|
80,000 |
|
|
|
|
80,000 |
|
|
|
|
— |
|
|
|
|
305,000 |
|
|
Laurie J. Yoler |
|
|
— |
|
|
|
|
200,000 |
|
|
|
|
80,000 |
|
|
|
|
— |
|
|
|
|
280,000 |
|
|
See “Compensation Plan for Directors” and “Deferred Compensation Plan for Directors” for information regarding the computation of the number of shares or notional shares provided to a director in payment of director fees. Three directors deferred payment of all or a portion of their 2025 fees under the Deferred Compensation Plan for Directors, as follows: Mr. Cashaw, $120,000; Mr. Shearer, $60,000 and Mr. Smith, $120,000.
40 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
CORPORATE GOVERNANCE |
STOCK OWNERSHIP GUIDELINES FOR DIRECTORS
In order to ensure that their interests are aligned with the interests of our stockholders, it is expected that each non-employee director will have, within five years from the date on which they join the Board, a number of shares having a value of at least five times the standard annual retainer (which is the annual retainer received by any director who is not a committee chair, the Lead Director or the Chairman). The annual retainer was $120,000 for 2025 and the dollar value of shares required to be held by our directors who have served five or more years was $600,000 as of December 31, 2025. The calculation of ownership includes:
No portion of the value of stock options are taken into account towards the directors stock ownership guidelines (added by an amendment on April 27, 2022 (the “Amendment Date”)).
Until a non-employee director satisfies his or her stock ownership requirement, the director will be required to hold 50 percent of all shares of our common stock received upon the exercise of stock options, grants of stock, or upon lapse of the restrictions on restricted stock (in each case, net of any shares utilized to pay for the exercise price of an option and/or to satisfy tax withholding obligations). All of our non-employee directors are on track to meet their stock ownership guidelines within five years of the later of the Amendment Date or the date on which they joined the Board.
OUR EXECUTIVE OFFICERS
Listed below are the names, ages and positions held by each of our current executive officers and our Vice President, Controller and Chief Accounting Officer.
|
|
|
Name |
Age |
Position |
|
|
|
|
|
|
Raman Bajaj |
51 |
Executive Vice President, Chief Technology & Analytics Officer |
|
|
|
|
|
|
Brian D. Buchert |
52 |
Executive Vice President of Strategy, M&A and Business Partnerships |
|
|
|
|
|
|
Patrick D. de Maynadier |
65 |
Executive Vice President, General Counsel and Secretary |
|
|
|
|
|
|
Richard A. Dierker |
46 |
President and Chief Executive Officer |
|
|
|
|
|
|
Kevin Gokey |
64 |
Executive Vice President |
|
|
|
|
|
|
Rene M. Hemsey |
58 |
Executive Vice President, Chief Human Resources Officer |
|
|
|
|
|
|
Carlos G. Linares |
62 |
Executive Vice President, Chief Technology Officer & Global New Product Innovation |
|
|
|
|
|
|
Joseph J. Longo |
55 |
Vice President, Controller and Chief Accounting Officer |
|
|
|
|
|
|
Mark J. Magazine |
64 |
Executive Vice President, Chief Commercial Officer |
|
|
|
|
|
|
Lee B. McChesney |
54 |
Executive Vice President, Chief Financial Officer |
|
|
|
|
|
|
Surabhi Pokhriyal |
45 |
Executive Vice President, Chief Digital Growth Officer |
|
|
|
|
|
|
Carlos Ruiz Rabago |
50 |
Executive Vice President, Chief Supply Chain Officer |
|
|
|
|
|
|
Charles R. Raup |
58 |
Executive Vice President, US Domestic President |
|
|
|
|
|
|
Michael G. Read |
51 |
Executive Vice President, International |
|
|
|
All executive officers serve at the discretion of our Board of Directors. Mr. Longo serves at the discretion of our CEO.
Biographical information for Mr. Dierker appears under “Director Nominees” under “Proposal 1: Election of Directors.”
Church & Dwight Co. | 2026 Proxy Statement |
41 |
Table of Contents
CORPORATE GOVERNANCE |
|
Mr. Bajaj has been our Executive Vice President, Chief Technology & Analytics Officer since January 2026. Before joining the Company, Mr. Bajaj served as Global Chief Data and Technology Officer of Kimberly-Clark from January 2023 to December 2025, where he led enterprise technology, data, and analytics initiatives supporting customers worldwide. From October 2019 to December 2022, Mr. Bajaj was the Senior Vice President - Chief Technology Officer at Cardinal Health. From November 2011 to October 2019, Mr. Bajaj served in various leadership positions at Capital One, including Managing Vice President – Technology, Vice President – Architecture, Digital Transformation, and Innovation, Sr. Director – Architecture & Digital Transformation and Director of Architecture & Software Development. Prior to that, Mr. Bajaj served as Vice President - Sr. Architect – Global Commercial and Investment Banking at Bank of America.
Mr. Buchert has been our Executive Vice President of Strategy, M&A and Business Partnerships since April 2022. From January 2016 to March 2022, Mr. Buchert was our Vice President, Corporate Strategy and M&A and prior to that, has held various positions in the Company focused on M&A and strategy since 2006. During his tenure, Mr. Buchert was instrumental in the acquisition by the Company of 20 brands with an aggregate transaction value of over $6.9 billion. Prior to joining the Company, Mr. Buchert served in various capacities at Lafarge North America, Morgan Stanley and Columbia Capital where he held various positions of increasing responsibility. Mr. Buchert is a member of the board of directors of the Armand Products Company, a Church & Dwight joint venture.
Mr. de Maynadier has been our Executive Vice President, General Counsel and Secretary since December 2011. He served in a number of capacities for Hill-Rom Holdings, Inc. and its predecessor, Hillenbrand Industries, Inc., from January 2002 through December 2010, including Senior Vice President, General Counsel and Secretary and Vice President, General Counsel and Secretary. Previously, Mr. de Maynadier served as Executive Vice President, General Counsel and Secretary for CombiMatrix Corporation, as President and Chief Executive Officer of SDI Investments, LLC, a spin-off of Sterling Diagnostic Imaging, Inc., and as Senior Vice President, General Counsel and Secretary of Sterling Diagnostic Imaging, Inc. Earlier in his career, Mr. de Maynadier was a corporate and securities Partner at the law firm Bracewell & Patterson, L.L.P.
Mr. Gokey has been our Executive Vice President since January 2026. From October 2024 to December 2025, Mr. Gokey was our Executive Vice President and Chief Information Officer, from December 2014 to September 2024 he was Senior Vice President, Global Chief Information Officer and from October 2008 to December 2014, Mr. Gokey was Director, Information Technology. Mr. Gokey has been employed by us since February 1992 in various positions of increasing responsibility. Prior to joining Church & Dwight, Mr. Gokey held a senior information technology management position at Thomas & Betts, a leading electrical & electronics manufacturer. Earlier in his career, Mr. Gokey gained significant experience in information technology at Revlon, National Westminster Bank, Payne Webber and Siemens Medical Systems.
Ms. Hemsey has been our Executive Vice President, Chief Human Resources Officer since April 2022 and our Executive Vice President, Global Human Resources from February 2020 to March 2022. From December 2017 to February 2020, Ms. Hemsey was Vice President, Human Resources and from October 2009 to December 2017 she was Director, Human Resources. Ms. Hemsey has been employed by us since August 2001 in various positions. Prior to Church & Dwight, Ms. Hemsey served in several capacities within the human resources function at Symrise.
Mr. Linares has been our Executive Vice President, Chief Technology Officer & Global New Product Innovation since April 2021 and our Executive Vice President, Global Research & Development from June 2017 to April 2021. He currently serves on the board of trustees for TRI Princeton (Vice Chair) and the board of directors for The American Cleaning Institute. From 2012 to 2017, Mr. Linares was the Chief Technology Officer for Sun Products Corporation (“Sun Products”) and also served as the Corporate Innovation Captain for Sun Products’ innovation strategy. Prior to Sun Products, Mr. Linares was the Senior Vice President of Global R&D, Quality and Regulatory, at Alberto Culver. Earlier in his career Mr. Linares gained significant R&D product development and innovation experience at Johnson & Johnson and Procter & Gamble.
Mr. Longo has been our Vice President, Controller and Chief Accounting Officer since September 2020. Prior to joining the Company, Mr. Longo, served as Vice President and Corporate Controller of Dorman Products Inc., a leading supplier of aftermarket auto parts, from December 2019 to June 2020. From January 2017 to August 2019, Mr. Longo served as Vice President and Corporate Controller of Pinnacle Foods Inc., a provider of branded consumer food products, and served at Tyco International Ltd. from September 2007 to December 2016 in roles across accounting, investor relations and business unit financial planning and analysis. He started his career at KPMG US LLP and has held senior accounting positions at Prudential Financial, Inc. and JP Morgan Chase & Co.
42 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
CORPORATE GOVERNANCE |
Mr. Magazine has been our Executive Vice President & Chief Commercial Officer since September 2025, Interim Chief Commercial Sales Leader from May 2025 to September 2025 and our Vice President, Grocery from November 2014 to May 2025. Mr. Magazine has led his team to average 7% Net Sales growth from 2022 to 2025. Prior to joining Church & Dwight, Mr. Magazine served in a number of capacities with increasing responsibility at The Kraft Heinz Company (f/k/a Kraft Foods) including most recently as Customer Vice President Trade Planning, Marketing & Insights South, where he was responsible for the strategy and development of a $500M trade budget working with over 12 different customer teams throughout the South to efficiently deliver over $2.4B in revenue.
Mr. McChesney has been our Executive Vice President and Chief Financial Officer since March 2025. Before joining the Company, Mr. McChesney served as Senior Vice President and Chief Financial Officer of MSA Safety Inc. since August 2022, where he was responsible for global financial operations, including treasury, financial planning and analysis, investor relations, operations finance, commercial finance, accounting and audit, and also led business development. Previously, Mr. McChesney served in various leadership positions at Stanley Black & Decker from 2010 to 2022, including Vice President, Corporate Finance and Chief Financial Officer, Global Tools and Storage operating unit from February 2021 to August 2022, Chief Financial Officer, Global Tools and Storage and Corporate FP&A from November 2019 to February 2021 and President, Hand Tools, Accessories and Storage operating unit from November 2016 to November 2019. Prior to that, Mr. McChesney served in various finance roles for The Stanley Works from 1999 to 2010, including as Chief Financial Officer, Mechanical Access Solutions and Stanley Security Solutions from 2006 to 2010.
Ms. Pokhriyal has been our Executive Vice President, Chief Digital Growth Officer since October 2024 and Senior Vice President, Chief Digital Growth Officer from February 2022 to September 2024. Prior to joining the Company, Ms. Pokhriyal led large scale global digital transformation and eCommerce acceleration for companies such as Johnson & Johnson and Colgate Palmolive since 2018. From 2006 to 2018, Ms. Pokhriyal led portfolio businesses in the business consulting practice for Cognizant and worked as a consultant in various capacities of increasing responsibility with major consumer goods companies like PepsiCo, Inc., Kimberly-Clark Corporation, The Estee Lauder Companies and Coty Inc. in North America and Europe. Ms. Pokhriyal began her career in 2005 at Procter & Gamble Corporation. Ms. Pokhriyal has been instrumental in evangelizing and executing frictionless commerce, excellence in sales and marketing analytics and elevating digital marketing impact for several major brands.
Mr. Ruiz Rabago has been our Executive Vice President, Chief Supply Chain Officer since December 2024. Mr. Ruiz Rabago has 25 years of end-to-end Supply Chain leadership experience with multi-national companies, most recently in the position of Chief Operations Officer, North America for L’Oreal. In this capacity, Mr. Ruiz Rabago had oversight of all of North America, which is L’Oreal’s second largest region and was responsible for their “end to end” operations, digital supply chain transformation, advancing factory automation, implementing a culture of Lean Six Sigma, and developing their supply chain talent globally. Prior to L’Oreal, Mr. Ruiz Rabago served in regional and global leadership capacities at Kraft Foods, Alcan Group, and General Electric.
Mr. Raup, has been our President, US Domestic, since June 2025. From December 2019 to December 2024, Mr. Raup was President, U.S. of The Hershey Company (“Hershey”), leading Hershey’s flagship U.S. business, including its core confection and its sales and go-to-market teams. In that role, Mr. Raup was responsible for transforming commercial capabilities through integrated planning, innovation, R&D, media, creative, intelligence, and analytics. Previously, Mr. Raup served in various leadership positions in snacking operations, including candy, mint, and gum at Hershey from September 2017 to November 2019, Vice President / General Manager, U.S. Confection, from July 2015 to August 2017, Vice President / General Manager, Hershey Mexico, and from October 2010 to June 2015, Vice President / General Manager, Sweets & Refreshment. Prior to Hershey Mr. Raup held various positions with increasing responsibility at The Kraft Heinz Company (FKA Kraft Foods).
Mr. Read has been our Executive Vice President, International, since October 2021. Mr. Read has been with the Company since 2016 serving previously as the General Manager of the Canadian subsidiary. Mr. Read came to the Company from Aryzta AG where he served as Senior Vice President of Customer Development. Prior to that, Mr. Read held several leadership roles at Molson Coors including Global Vice President of Revenue Management, Senior Executive Vice President of Brands and Innovation for Molson Coors UK, and Vice President of Marketing for Coors Light and Portfolio Innovation at Molson Coors Canada. Mr. Read also held progressive brand and sales management roles at Reckitt Benckiser Canada.
Church & Dwight Co. | 2026 Proxy Statement |
43 |
Table of Contents
SECURITIES OWNERSHIP |
|
SECURITIES OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth information concerning ownership of our common stock as of March 4, 2026 (unless otherwise noted), by (i) each stockholder that has indicated in public filings that the stockholder beneficially owns more than five percent of our common stock; (ii) each director and nominee for director; (iii) each current or former executive officer named in the “2025 Summary Compensation Table”; and (iv) all directors and executive officers as a group. Except as otherwise noted, each person listed below, either alone or together with members of such person’s family sharing the same household, had sole voting and investment power with respect to the shares listed next to such person’s name. None of the shares held by directors and executive officers included in the table are pledged as security.
|
|
Amount and Nature of |
|
|
Notional |
||||||||||
Name |
|
Shares(2)(3)(4) |
Percent of |
Compensation |
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
BlackRock, Inc.(5) |
|
|
21,993,660 |
|
|
|
|
9.3 |
% |
|
|
|
0 |
|
|
State Street Corporation(6) |
|
|
12,722,021 |
|
|
|
|
5.4 |
% |
|
|
|
0 |
|
|
The Vanguard Group(7) |
|
|
30,264,910 |
|
|
|
|
12.8 |
% |
|
|
|
0 |
|
|
Bradlen S. Cashaw |
|
|
20,053 |
|
|
|
* |
|
|
|
|
5,031 |
|
|
|
Richard A. Dierker |
|
|
179,702 |
|
|
|
* |
|
|
|
|
16,113 |
|
|
|
Matthew T. Farrell(8) |
|
|
2,193,190 |
|
|
|
* |
|
|
|
|
220 |
|
|
|
Bradley C. Irwin(9) |
|
|
73,214 |
|
|
|
* |
|
|
|
|
0 |
|
|
|
Penry W. Price |
|
|
105,360 |
|
|
|
* |
|
|
|
|
0 |
|
|
|
Susan G. Saideman |
|
|
36,207 |
|
|
|
* |
|
|
|
|
0 |
|
|
|
Ravichandra K. Saligram(10) |
|
|
123,107 |
|
|
|
* |
|
|
|
|
58,292 |
|
|
|
Robert K. Shearer(11) |
|
|
68,218 |
|
|
|
* |
|
|
|
|
26,916 |
|
|
|
Michael R. Smith |
|
|
1,640 |
|
|
|
* |
|
|
|
|
1,803 |
|
|
|
Janet S. Vergis |
|
|
81,272 |
|
|
|
* |
|
|
|
|
0 |
|
|
|
Arthur B. Winkleblack(12) |
|
|
59,439 |
|
|
|
* |
|
|
|
|
0 |
|
|
|
Laurie J. Yoler(13) |
|
|
63,609 |
|
|
|
* |
|
|
|
|
0 |
|
|
|
Lee B. McChesney |
|
|
16,472 |
|
|
|
* |
|
|
|
|
0 |
|
|
|
Patrick D. de Maynadier(14) |
|
|
117,855 |
|
|
|
* |
|
|
|
|
16,100 |
|
|
|
Charles R. Raup |
|
|
0 |
|
|
|
* |
|
|
|
|
0 |
|
|
|
Michael G. Read |
|
|
106,980 |
|
|
|
* |
|
|
|
|
0 |
|
|
|
All executive officers and directors as a group (25 persons) |
|
|
3,750,746 |
|
|
|
|
1.6 |
% |
|
|
|
142,757 |
|
|
* Less than one percent.
44 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
SECURITIES OWNERSHIP |
Church & Dwight Co. | 2026 Proxy Statement |
45 |
Table of Contents
SECURITIES OWNERSHIP |
|
46 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
CERTAIN RELATIONSHIPS |
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
REVIEW AND APPROVAL OF RELATED PERSON TRANSACTIONS
The Code of Conduct includes our policy regarding the review and approval of related person transactions. In accordance with the Code of Conduct, all related person transactions that meet the minimum threshold for disclosure in the proxy statement under the relevant SEC rules must be reported to and approved by the Audit Committee.
RELATED PERSON TRANSACTIONS
There were no disclosable related person transactions during 2025.
Church & Dwight Co. | 2026 Proxy Statement |
47 |
Table of Contents
AUDIT COMMITTEE REPORT |
|
AUDIT COMMITTEE REPORT
The Audit Committee assists the Board of Directors in its oversight of the integrity of Church & Dwight’s financial statements, compliance with legal and regulatory requirements, and the performance of the internal audit function. Management has primary responsibility for preparing the financial statements and for the financial reporting process. In addition, management has the responsibility to assess the effectiveness of Church & Dwight’s internal control over financial reporting. Deloitte & Touche LLP, Church & Dwight’s independent registered public accounting firm, is responsible for (i) expressing an opinion on the conformity of Church & Dwight’s audited financial statements to generally accepted accounting principles and on whether the financial statements present fairly in all material respects the financial position and results of operations and cash flows of Church & Dwight, and (ii) expressing an opinion on the effectiveness of Church & Dwight’s internal control over financial reporting.
In this context, the Audit Committee hereby reports as follows:
Based on the review and discussion referred to in paragraphs (1) through (3) above, the Audit Committee recommended to the Board of Directors that the audited financial statements be included in Church & Dwight’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, for filing with the Securities and Exchange Commission.
Respectfully submitted,
Arthur B. Winkleblack, Chair
Bradlen S. Cashaw
Penry W. Price
Susan G. Saideman
Robert K. Shearer
Michael R. Smith
48 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
FEES PAID |
FEES PAID TO INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Fees related to the 2025 and 2024 fiscal years payable to our independent registered public accounting firm, Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu Ltd., and their respective affiliates are as follows:
|
|
2025 |
|
2024 |
||||
|
|
|
|
|
|
|
||
Audit Fees |
|
|
4,473,570 |
|
|
4,363,100 |
|
|
Audit-Related Fees(1) |
|
|
325,041 |
|
|
39,100 |
|
|
Tax Fees(2) |
|
|
292,826 |
|
|
341,455 |
|
|
All Other Fees |
|
|
— |
|
|
— |
|
|
Total |
|
|
5,091,437 |
|
|
4,743,655 |
|
|
Church & Dwight Co. | 2026 Proxy Statement |
49 |
Table of Contents
|
|
PRE-APPROVAL OF AUDIT |
|
|
|
PRE-APPROVAL OF AUDIT AND PERMISSIBLE NON-AUDIT SERVICES
The Audit Committee pre-approved all audit and non-audit services provided by Deloitte & Touche LLP during 2025 in accordance with our policy described below.
The Audit Committee pre-approves all permitted non-audit services to be provided by our independent registered public accounting firm. However, the Audit Committee has delegated to the Chair of the Audit Committee, authority to pre-approve permitted non-audit services, provided that any such pre-approved non-audit services are reported to the full Audit Committee at its next scheduled meeting.
50 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
COMPENSATION DISCUSSION AND ANALYSIS |
COMPENSATION DISCUSSION AND ANALYSIS
INTRODUCTION
This Compensation Discussion and Analysis addresses the compensation paid for 2025 to our named executive officers, which include our Chief Executive Officer (CEO), our Chief Financial Officer (CFO), and our three other most highly-compensated executive officers serving as of the end of the fiscal year. Our named executive officers (“named executive officers" or "NEOs”) for the year ended December 31, 2025 were as follows:
Richard A. Dierker |
|
|
President and Chief Executive Officer |
Matthew T. Farrell |
|
|
Former Chairman, President and Chief Executive Officer |
Lee B. McChesney |
|
|
Executive Vice President, Chief Financial Officer |
Charles R. Raup |
|
|
Executive Vice President, US Domestic President |
Patrick D. de Maynadier |
|
|
Executive Vice President, General Counsel and Secretary |
Michael G. Read |
|
|
Executive Vice President, International |
EXECUTIVE SUMMARY
CEO Transition Highlights
In September 2024 we announced a planned CEO succession. Effective April 2, 2025, the Board promoted Richard A. Dierker, formerly Executive Vice President, Chief Financial Officer and Head of Business Operations, to President and Chief Executive Officer. Matthew T. Farrell retired as President and Chief Executive Officer on April 1, 2025 and remained Chairman of the Board through September 30, 2025 to support the transition. In connection with the CEO transition, the Compensation & Human Capital Committee approved certain compensation arrangements which are summarized below:
President & CEO - Mr. Richard A. Dierker:
Former Chairman, President & CEO - Mr. Matthew T. Farrell:
2025 Key Business Highlights and Strong Pay for Performance Alignment
We believe that the 2025 compensation of our named executive officers appropriately reflects and rewards their significant contributions in a year marked by disciplined execution, strong new product performance, and effective management of external pressures. During 2025 we delivered the following results and closely aligned our executive compensation programs with these results and our business strategy.
Church & Dwight Co. | 2026 Proxy Statement |
51 |
Table of Contents
COMPENSATION DISCUSSION AND ANALYSIS |
|
Financial Highlights
$6.2B Net Sales |
|
45.2% ADJUSTED GROSS MARGIN |
|
$3.53 adjustED Diluted EPS |
|
$1.22B Cash From OperationS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Returned $1.2B to Shareholders |
|
|
125 consecutive Years of Dividend Payments |
For our 2025 Annual Incentive Plan, we retained the same design as in 2024, utilizing Net Sales, Adjusted Diluted EPS, Cash from Operations, and Strategic Initiatives metrics, with one modification to the Gross Margin metric - to return to Absolute Gross Margin from Relative Gross Margin, as had been in place prior to 2023. The effect of the financial results and the Strategic Initiatives metric on payouts under our Annual Incentive Plan, are discussed in further detail below under the heading “Annual Incentive Plan.”
Alignment to Strategy
The Compensation & Human Capital Committee, or the “Committee,” reviews and analyzes the executive compensation program each year for alignment with our business strategy and evolving market and governance practices for executive compensation. We believe that our current programs are aligned with the Company’s business priorities and designed to encourage stockholder value creation.
As part of the foregoing analysis, the Committee evaluates the relationship between pay and performance of our named executive officers. The analysis includes a review of the relationship between the compensation paid to the CEO and the other named executive officers and Company performance relative to roles having generally corresponding responsibilities within other similarly sized companies. For 2025, the analysis shows a strong link between Company pay and Company performance as it relates to key operating measures.
We focus on the following objectives in making compensation determinations:
Church & Dwight’s fiscal year 2025 results continued to be aligned with pay in the following ways:
52 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
COMPENSATION DISCUSSION AND ANALYSIS |
2025 COMPENSATION
The principal components of 2025 compensation that we paid to our named executive officers were designed to meet our compensation objectives as follows:

Church & Dwight Co. | 2026 Proxy Statement |
53 |
Table of Contents
COMPENSATION DISCUSSION AND ANALYSIS |
|
EXECUTIVE COMPENSATION GOVERNANCE PRACTICES
Our executive compensation programs include strong governance and reflect best practices to protect and promote our stockholders’ interests.
What We Do: |
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What We Do Not Do: |
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Significant stock ownership and stock holding requirements are in place for senior executives. |
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No gross-up payments to cover personal income taxes or excise taxes that pertain to executive or severance benefits (other than pursuant to our standard relocation policy available on the same basis to Vice Presidents and above). |
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A majority of our executive compensation is performance-based. |
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No hedging, pledging or short sales by our non-employee directors or employees with respect to Company securities. |
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Limited perquisites for executives. |
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No repricing stock options without prior stockholder approval. |
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Appropriate balance between short-term and long-term compensation discourages short-term risk taking at the expense of long-term results. |
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No overlapping metrics between our annual incentives and our long-term incentives. |
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Our Annual Incentive Plan utilizes five diverse metrics to avoid over-emphasis on any one short-term measure. |
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No guaranteed annual incentives. |
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Engage in risk mitigation by including balanced performance metrics in our compensation programs, clawback provisions and oversight to identify risk. |
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Change in control cash severance payments and vesting of stock options granted on or after July 30, 2019 require a “double trigger” before payment can be made or equity can vest (requiring a qualifying termination following a change in control). |
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Our Compensation & Human Capital Committee engages an independent compensation consultant, who performs no other work for Church & Dwight, to advise on executive and non-employee director compensation matters. |
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Robust clawback policies that require the recoupment of excess incentive-based compensation paid to executive officers as a result of a material financial misstatement in accordance with the Dodd-Frank Act and NYSE rules and that permit the recoupment of compensation from a broader group of senior leaders in the case of material financial misstatements, cause conduct, and violations of restrictive covenants. |
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COMPENSATION DISCUSSION AND ANALYSIS |
COMMITTEE CONSIDERATION OF 2025 SAY-ON-PAY VOTE
At the 2025 Annual Meeting of Stockholders, we asked our stockholders to vote to approve, on an advisory basis, the compensation paid to our named executive officers, commonly referred to as a Say-on-Pay vote. Our stockholders approved compensation to our named executive officers, with approximately 89 percent of votes cast in favor of our say-on-pay resolution. We value this positive endorsement by our stockholders of our executive compensation program. Accordingly, while we maintained our general approach to compensation for 2025, specifically our pay-for performance philosophy and our efforts to attract, retain, and motivate our executives, for 2026 the Committee approved certain substantive changes to our programs consistent with our pay-for-performance philosophy, which are referenced below and discussed in more detail in the section below titled "2026 Compensation Changes". We believe these changes to our programs will ensure they remain effective, market competitive and aligned with the interests of our stockholders. The Compensation & Human Capital Committee will continue to seek and consider stockholder feedback in the future.
2025 Executive Compensation Highlights
In 2025 the Committee continued with the following overall design of our AIP and LTI awards that were approved in 2024, with some minor refinements. The Committee approved an administrative adjustment to narrow the payout range for the Strategic Initiatives metric, improving alignment with the specific objectives included in the scorecard and strengthening the connection between performance and payout. To maintain the plan’s 200% maximum payout opportunity, the Committee expanded the payout ranges for the financial metrics, ensuring appropriate differentiation based on financial results. The Committee also reinstated Gross Margin as one of the four financial metrics in the Annual Incentive Plan. From 2023 to 2024, the Committee used Relative Gross Margin to better reflect post‑COVID supply‑chain and inflationary pressures; with those conditions now stabilized, the Committee determined that returning to the Absolute Gross Margin metric was appropriate as it creates a more direct performance incentive related to the effective management of both our product pricing and cost of sales.
Overview of Evolution of Incentive Program Design
|
2023-2024 |
2025 |
2026 |
Long Term Incentive Plan1 |
• Vehicle Mix: 75% Stock Options 15% PSUs 10% RSUs • PSU Metric: 100% rTSR |
· Vehicle Mix: 75% Stock Options 15% PSUs 10% RSUs • PSU Metric: 100% rTSR |
· Vehicle Mix: 50% Stock Options 40% PSUs 10% RSUs • PSU Metrics: 50% rTSR, 50% Cumulative Cash from Operations
|
Annual Incentive Plan |
• Metrics: Net Sales, Relative Gross Margin, Adjusted Diluted EPS, Cash from Operations, and Strategic Initiatives
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• Metrics: Net Sales, Absolute Gross Margin, Adjusted Diluted EPS, Cash from Operations, Strategic Initiatives
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• Metrics: Net Sales, Absolute Gross Margin, Adjusted Diluted EPS, and Cash from Operations
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1Beginning with the 2024 PSU grant, the Committee made a minor administrative refinement to adjust the start date of the PSU performance period to the grant date, rather than using January 1st of the year of grant, to limit the year-over-year variability of the Monte Carlo pricing methodology.
In 2023, the Committee approved the inclusion of a fifth “strategic initiatives” metric in the Annual Incentive Plan to advance key long‑term priorities, including international expansion, environmental stewardship, and diversity and inclusion. These priorities are now fully integrated into our annual leadership performance goals as critical strategic drivers of the Company. As a result, the Committee concluded that a separate strategic initiatives metric within the Annual Incentive Plan was no longer necessary and for 2026 elected to revert back to the prior plan design of four core financial metrics – Net Sales, Gross Margin, Adjusted Diluted EPS, and Cash from Operations - with each metric equally weighted.
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Finally, after introducing PSUs in 2023, the Committee has approved prospective changes in 2026 to the equity mix of the LTI to better balance both the risk profile of the program and better align pay-for-performance outcomes, reducing the allocation of stock options from 75% to 50% for all employees and increasing the PSU allocation of executive officers from 15% to 40%. In connection with the increased PSU weighting, the Committee also approved the introduction of an additional PSU metric (Cumulative Cash from Operations) at an equal weighting to relative TSR.
Further information on these prospective changes can be found in the section below titled: “2026 Compensation Changes.”
COMPONENTS OF OUR EXECUTIVE COMPENSATION PROGRAM
MIX OF PAY
For 2025, approximately 89 percent of the CEO’s target total compensation and, on average 73 percent of the other named executive officers’ target total compensation was variable, based on Company and individual performance. Variable compensation consists of the target Annual Incentive Plan payout, target Profit Sharing amount and the target value of long-term incentive awards granted. The percentages below are calculated by dividing each compensation element by target total compensation, which consists of base salary, target Annual Incentive Plan compensation, target Profit Sharing amount plus target long-term incentives.

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COMPENSATION DISCUSSION AND ANALYSIS |
SALARIES
For 2025, the Committee set Mr. Dierker's base salary in connection with his appointment as President and CEO. In connection with his planned retirement on April 1, 2025, Mr. Farrell's base salary remained unchanged. The Committee set Mr. McChesney's base salary in connection with his hiring and appointment as Executive Vice President, Chief Financial Officer on March 24, 2025, and set Mr. Raup's base salary in connection with his hiring and appointment as Executive Vice President, US Domestic President on June 25, 2025. The Committee also approved base salary increases averaging approximately 6 percent for Messrs. de Maynadier and Read to further align base salaries with the corresponding median levels of our Compensation Peer Group and industry survey data. The base salaries of our named executive officers in effect as of December 31, 2025 are set forth in the table below:
Named Executive Officer |
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2025 |
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Richard A. Dierker(1) |
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$ |
1,075,000 |
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Matthew T. Farrell(2) |
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$ |
1,240,000 |
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Lee B. McChesney(3) |
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$ |
700,000 |
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Charles R. Raup(4) |
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$ |
700,000 |
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Patrick D. De Maynadier |
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$ |
558,000 |
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Michael G. Read(5) |
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$ |
575,000 |
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The compensation of each of our named executive officers is set forth on the “2025 Summary Compensation Table.”
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COMPENSATION DISCUSSION AND ANALYSIS |
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ANNUAL INCENTIVE PLAN
Our Annual Incentive Plan utilizes five equally weighted metrics, namely: Net Sales, Gross Margin, Adjusted Diluted EPS, Cash from Operations and Strategic Initiatives. The table below summarizes the reasons the Committee utilizes these metrics for our Annual Incentive Plan.

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COMPENSATION DISCUSSION AND ANALYSIS |
The principal objective of the Annual Incentive Plan is to align executive and stockholder interests by providing an incentive to our named executive officers to achieve annual performance goals that support long-term stockholder return. The performance goals for the financial metrics are established each year to reflect specific objectives set in our annual budget. For the Strategic Initiatives metric, the Committee establishes specific objective goals under each category and measures the attainment of such goals using a detailed scorecard approach. The Committee considers competitive factors, including competitive market data for total cash compensation, which includes salary and target annual incentive bonus opportunities, in determining the amount of annual incentive award opportunities for our named executive officers.
To more accurately reflect the operating performance of our business, the Committee has approved adjustment principles to our reported financial results for the Annual Incentive Plan. Generally, these adjustments are intended to exclude one-time or unusual items and may have either a favorable or unfavorable impact to the payout on the Annual Incentive Plan. Examples of common adjustments include the elimination of the effect of foreign exchange rates that differed from budgeted amounts and the impact of unplanned acquisitions and divestitures. The actual adjustments that apply can vary from year to year and depend on the one-time or unusual events occurring within the year.
As noted below, in structuring target total direct compensation for our named executive officers, we have referenced the 50th percentile of direct compensation of the Compensation Peer Group and survey data. This median has influenced our annual incentive compensation target award levels, although we have from time to time, set target payouts above the median level when we believed that our planned performance was well ahead of the targets of a subset of non-food companies in our Performance Peer Group (the “Corporate Incentive Plan Rating Peer Group”, as described further below).
The Committee uses a numerical performance rating system with a range from 0.0 to 2.00 to determine the payout amounts under the Annual Incentive Plan and establishes a Corporate Incentive Plan Rating. At the beginning of each year, the Committee determines the specific rating for that year by comparing the Company’s projected EPS growth for that year to the median projected EPS growth of the Company’s Corporate Incentive Plan Rating Peer Group. A rating of 1.0 normally represents the target achievement level for plan performance with each participant’s target payout based on his or her target percentage of his or her annual base salary (though in certain cases operating plan level performance results in an above target level payout). For 2025, a 1.1 rating was determined to be appropriate and the target achievement level for plan performance was therefore set to reflect a 1.1 rating with a payout range from 0.0 to 2.0. In 2025, the Company delivered Adjusted Diluted EPS of $3.57 after adjusting for the loss on sale of our Vitamin, Mineral and Supplement business ($0.19), operational results and transaction costs of the acquisition of Touchland ("Touchland Acquisition") ($0.11), operational results and one-time costs to exit the Flawless, Spinbrush and Waterpik Showerheads businesses ($0.12), impact of unmitigated tariff costs ($0.09), ERP implementation costs ($0.02), cost of restricted stock issued for the Hero acquisition ($0.02), the positive impact of unplanned share repurchases (-$0.01) and the impact of changes in foreign currency exchange rates ($0.01); which is consistent with prior year adjustments. Adjusted Diluted EPS resulted in a year-over-year increase in EPS of 2.6 percent, exceeding the average of the Corporate Incentive Plan Rating Peer Group, and our target Adjusted Diluted EPS growth. The Company exceeded its planned targets for Gross Margin, Adjusted Diluted Earnings Per Share, Cash from Operations, and Strategic Initiatives resulting in a plan performance rating of 1.14. Following the plan rating adjustment, the resulting performance rating for payout under the 2025 Annual Incentive Plan was 1.25. The bonus amounts payable to our named executive officers under our Annual Incentive Plan are included in the “Non-Equity Incentive Plan Compensation” column of the “2025 Summary Compensation Table.”
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COMPENSATION DISCUSSION AND ANALYSIS |
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The following table indicates the percentage of salary payable at a 1.0 target rating, the percentage of salary payable at a 1.1 plan rating and the award opportunity for 2025, based on a 1.1 plan rating for each of our named executive officers:
Named Executive Officers
Annual Incentive Plan Target Payouts
Name |
|
Percentage of Salary |
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|
Percentage of Salary |
|
Award |
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Richard A. Dierker |
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125% |
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138% |
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$ |
1,478,125 |
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Matthew T. Farrell(2) |
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150% |
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165% |
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$ |
2,046,000 |
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Lee B. McChesney(3) |
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85% |
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94% |
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$ |
654,500 |
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Charles R. Raup(3) |
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85% |
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94% |
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$ |
654,500 |
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Patrick D. De Maynadier |
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65% |
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72% |
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$ |
398,970 |
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Michael G. Read(4) |
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65% |
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72% |
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$ |
411,125 |
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As described further below, in 2025 the Committee referenced competitive compensation data provided by Semler Brossy Consulting Group (“Semler Brossy”) in setting the percentage levels.
The following table indicates, with respect to each corporate performance measure, the threshold level of 2025 performance for which a payout could be made, the target performance level, the maximum performance level, and the actual performance and performance ratings.
2025 Annual Incentive Plan Performance Ranges, Actual Performance and Performance Ratings
(in millions, except gross margin, per share data, and strategic initiatives)
Performance Measure (20% weighting each) |
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Threshold |
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Target |
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Maximum |
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Actual |
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Rating |
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Net Sales |
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$ |
5,902 |
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$ |
6,148 |
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$ |
6,394 |
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$ |
6,013 |
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0.49 |
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Gross Margin |
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43.0 |
% |
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45.5 |
% |
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48.0 |
% |
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45.6 |
% |
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1.13 |
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Diluted Earnings Per Share |
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$ |
3.40 |
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$ |
3.54 |
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$ |
3.68 |
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$ |
3.57 |
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1.36 |
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Cash From Operations |
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$ |
1,011 |
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$ |
1,123 |
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$ |
1,235 |
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$ |
1,225 |
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2.11 |
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Strategic Initiatives |
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Qualitative with scale of 0.8 to 1.2 |
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1.13 |
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Actual Performance Rating |
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1.25 |
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COMPENSATION DISCUSSION AND ANALYSIS |
The corporate actual performance rating for 2025 was equal to the weighted average numerical rating of these factors, or 1.25. Based on that performance rating, our named executive officers received award payments under the Annual Incentive Plan for 2025 as shown in the table below:
Named Executive Officers
2025 Annual Incentive Plan Payouts
Name |
|
Plan |
Performance |
Actual |
Actual Award |
Actual Award as percentage |
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Richard A. Dierker |
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1.10 |
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1.14 |
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1.25 |
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$ |
1,472,656 |
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114% |
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Matthew T. Farrell(2) |
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1.10 |
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1.14 |
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1.25 |
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$ |
590,057 |
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114% |
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Lee B. McChesney(3) |
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1.10 |
|
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1.14 |
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|
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1.25 |
|
|
|
$ |
574,716 |
|
|
|
114% |
|
Charles R. Raup(4) |
|
|
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1.10 |
|
|
|
|
1.14 |
|
|
|
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1.25 |
|
|
|
$ |
383,144 |
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|
|
114% |
|
Patrick D. De Maynadier |
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|
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1.10 |
|
|
|
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1.14 |
|
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|
|
1.25 |
|
|
|
$ |
444,175 |
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|
|
114% |
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Michael G. Read(5) |
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1.10 |
|
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1.14 |
|
|
|
|
1.25 |
|
|
|
$ |
449,303 |
|
|
|
114% |
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PROFIT SHARING AMOUNT
Under our Savings and Profit Sharing Plan for Salaried Employees, in which our named executive officers and other salaried employees in the United States participate, we make an annual contribution to each salaried employee’s account based on Company performance during the prior year. The performance metrics used to determine the profit sharing amount are the same ones used for the Annual Incentive Plan. For 2025, the contribution was equal to 6.25 percent of each U.S. named executive officer’s 2025 eligible compensation.
Mr. Read is employed by Church & Dwight Canada and receives benefits consistent with other Church & Dwight Canada employees. Church & Dwight Canada employees receive retirement benefits through the Deferred Profit Sharing Plan (DPSP), where Church & Dwight Canada provides a base contribution of 2% of eligible earnings and matches employee contributions to the Registered Retirement Savings Plan (RRSP) up to 3%, depositing the match into the DPSP. In addition, the Company may provide an annual discretionary Profit-Sharing contribution based on Company performance. Based on 2025 performance results, the Compensation & Human Capital Committee approved a total annual company profit sharing contribution to Church & Dwight Canada employees, including Mr. Read, equal to 5.25% of eligible earnings (inclusive of the 2% base contribution provided during the year).
Additional information on the profit sharing amount for 2025 is under the heading “Saving and Profit Sharing Plan for Salaried Employees.” The profit sharing contributions made to each named executive officer in 2025 are included in the “All Other Compensation” column of the “2025 Summary Compensation Table.”
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Table of Contents
COMPENSATION DISCUSSION AND ANALYSIS |
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LONG-TERM INCENTIVE
2025 Annual Long-Term Incentive Grant
We provide long-term, equity-based executive compensation for our named executive officers, which aligns our performance and executive officer compensation with the interests of our stockholders. Each year, the Committee approves a target long-term equity award for each executive officer, expressed below as a target award value. For 2025, our named executive officers received 75% of their total target annual long-term incentive award in stock options, 15% in PSUs, and 10% in RSUs. The number of shares underlying stock options, RSUs, and PSUs granted to our named executive officers are set forth below in the “2025 Grants of Plan-Based Awards” table.
In connection with our 2025 long-term incentive grants, the Committee set the following annual long-term incentive target values based on market data for our named executive officers:
Named Executive Officers
Annual Long-Term Incentive Targets
Name |
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Grant Date Target Award Value |
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Richard A. Dierker |
|
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$ |
7,084,250 |
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Matthew T. Farrell(1) |
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$ |
8,060,000 |
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Lee B. McChesney |
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$ |
1,715,000 |
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Charles R. Raup(2) |
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$ |
1,715,000 |
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Patrick D. De Maynadier |
|
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$ |
948,600 |
|
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Michael G. Read |
|
|
$ |
805,000 |
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Stock Options. In 2025, the Committee continued to utilize options on our common stock as our principal form of long-term compensation. The number of shares underlying options granted to our named executive officers is calculated by designating 75% of the named executive officer's annual LTI target value and dividing that amount by the grant date fair value of the shares underlying the option, in accordance with U.S. generally accepted accounting principles, rounded to the nearest 10 shares. The grant date fair value of the stock options is calculated in accordance with ASC Topic 718. Stock options granted in 2025:
The Committee believes that stock options provide a strong incentive to increase stockholder value, because the value of the stock options is directly dependent on the market performance of our common stock following the date of grant. Stock options also directly reflect the stockholder experience, are straightforward to communicate, and provide value only if our stock price increases over time, which aligns our executives’ interests with those of our stockholders in delivering TSR.
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Restricted Stock Units. The number of shares underlying RSUs granted to our named executive officers is calculated by designating 10% of the named executive officer's annual LTI target value and dividing that amount by the grant date fair value of a share of our common stock, rounded to the nearest 10 shares. RSUs align the interests of our named executive officers with those of our stockholders because the value of the RSUs increases or decreases as the price of our stock changes. RSUs vest in equal installments over a three-year period, beginning one year from the date of grant.
Performance Stock Units. The number of shares underlying PSUs granted to our named executive officers is calculated by designating 15% of the named executive officer's annual LTI target value and dividing that amount by the grant date fair value of a share of our common stock underlying the PSUs as determined in accordance with U.S. generally accepted accounting principles using Monte Carlo valuation methodology rounded to the nearest 10 shares. PSUs align the interests of our named executive officers with those of our stockholders because the number of shares of stock earned are tied to the achievement of performance targets as well as changes in our stock price. For 2025, PSUs pay out at the end of a three-year performance period only if we meet relative Total Shareholder Return targets compared to our Performance Peer Group, as described further below.
Payout Scale: Church & Dwight's TSR is ranked against the Performance Peer Group with the following payout scale:
|
Relative Ranking |
Payout(1) |
>/= 80th Percentile |
200.0% |
|
75th to <80thPercentile |
180.0% - 199.9% |
|
50th to <75thPercentile |
95.0% - 179.9% |
|
25th to <50thPercentile |
50.0% - 94.9% |
|
<25th Percentile |
0.0% |
(1) Straight-line interpolation applies to percentile ranks in-between performance levels. If TSR is negative, maximum payout is capped at 100%
Grant Practices.
We do not permit repricing of options without prior stockholder approval.
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COMPENSATION DISCUSSION AND ANALYSIS |
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PERFORMANCE SHARE UNITS BASED ON 2023-2025 PERFORMANCE
In January 2026, the Committee evaluated the results of the three-year performance period for the performance-based restricted share units that were granted in March 2023. The performance objective for these 2023 awards was based on the comparison of relative Total Shareholder Return against our Performance Peer Group with the following payout scale:
|
Relative Ranking |
Payout(1) |
>/= 80th Percentile |
200.0% |
|
75th to <80thPercentile |
180.0% - 199.9% |
|
50th to <75thPercentile |
95.0% - 179.9% |
|
25th to <50thPercentile |
50.0% - 94.9% |
|
<25th Percentile |
0.0% |
(1) Straight-line interpolation applies to percentile ranks in-between performance levels. If TSR is negative, maximum payout is capped at 100%
Based upon the January 1, 2023 – December 31, 2025 TSR calculation of 7.82%, which ranked at the 83rd percentile of the ‘Performance Peer Group’ during that time period, the Committee certified a final payout for the 2023 PSUs of 200%.
PERQUISITES AND CHARITABLE CONTRIBUTIONS
We provide very limited perquisites to our named executive officers. Our named executive officers may receive a comprehensive physical examination through a provider selected by the executive from among three providers that we have approved. We believe it is in our best interest to ensure that our named executive officers’ health is monitored so that any health-related issues pertaining to an executive can be identified and addressed promptly. The average cost for providing this benefit in 2025 is approximately $3,557 per participating executive. We also offer a financial planning program to our named executive officers. The average cost for providing this benefit in 2025 is approximately $12,026 per participating executive.
Except as noted above, we do not have programs for providing personal benefit perquisites to executive officers. From time to time the Company makes donations to non-profit organizations or educational institutions as requested by our executive officers and directors. The aggregate amount of all such donations with respect to all executive officers was $60,000 in 2025.
2026 COMPENSATION AND BENEFITS DECISIONS
One-Time 2030 Long Term Strategy Grant
The Committee believes that the achievement of the key transformational goals outlined at our January 2026 Investor Day (including significant growth of the Arm & Hammer brand, expansion in international markets, and stronger net sales in oral care products) is critically important to long-term shareholder value creation, and warrants linkage to a one-time, performance-based equity grant (the “2030 Long Term Strategy Grant”). The 2030 Long Term Strategy Grant, designed in partnership with our independent compensation consultant was approved by the Committee to align senior leadership and employees around a focused set of long-term strategic priorities targeting the three areas outlined above. This grant is subject to rigorous performance thresholds that exceed those applicable to our existing annual and long-term compensation plans and require both sustained performance and continued employment over a four-year performance period. Broad-based Long Term Strategy grants were awarded in January 2026, and Mr. Dierker’s grant was awarded in March 2026.
Because these goals are meant to incentivize and align a long-term transformation of the Company, all employees of the Company, including the NEOs, were eligible to receive the 2030 Long Term Strategy Grant. The Committee determined that such broad employee participation was appropriate to promote shared accountability for the 2030 objectives, reinforce how critical these goals are to our future, and underscore the significance of the upcoming
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COMPENSATION DISCUSSION AND ANALYSIS |
four-year period of transformation. The exact award design for each employee pool is differentiated based on job level and each role’s potential impact on the Company’s future growth.
For Company employees at the director level and above, including the NEOs, awards were granted in the form of PSUs that cliff‑vest following a four‑year performance period. This performance period is intentionally separate from the Company’s standard incentive plan cycles, underscoring the uniquely critical and transformational nature of the grant. In addition, grant recipients, including the NEOs must remain continuously employed by the Company for the full four‑year performance period; otherwise, the entire award is forfeited.
The PSU awards are tied to three equally weighted core long term-growth drivers that the Committee determined are central to the Company’s 2030 strategic plan. Performance is measured over the performance period of January 1, 2026, through December 31, 2029, and are individually achievable if significant growth occurs in the applicable areas described below:
The Committee selected these measures because they represent the Company's critical long-term value drivers and require sustained performance across the entire four-year performance period to be achieved. Achievement at these targets requires sustained revenue acceleration in a mixed macroeconomic environment with growth rates meaningfully exceeding recent baselines across key brands and international markets over an extended four-year period. The table below summarizes the baseline, target, and maximum performance levels necessary for achievement:
2030 Long Term Strategy Performance Goals
Performance Goal |
Baseline CAGR Growth |
Target |
Maximum CAGR Growth |
Arm & Hammer Power Brand Expansion |
1.1% |
2.6% |
3.0% |
International Growth |
7.0% |
9.5% |
10.0% |
Oral Care Expansion Behind TheraBreath |
4.2% |
6.6% |
8.0% |
The Committee believes that these performance goals are rigorous and their achievement is uncertain, and the payout thresholds have been set accordingly, with payouts only provided based on overperformance against the regular compensation plan. Consistent with this approach, the threshold, which pays out at 0%, is set at the corporate financial plan’s existing baseline level, and the maximum level is set far above the maximum levels of the existing incentive plan to incentivize truly above and beyond performance in these key areas. Overall, payout opportunities under the PSUs range from 0% for achieving baseline growth, 100% for achieving the target, and 150% for achieving the maximum. Payouts will be determined on a straight-line interpolated basis if the percentages achieved fall between the percentages specified in the table above.
In determining the design of the 2030 Long Term Strategy Grant, the Committee considered that they, along with our independent compensation consultant, routinely conduct risk and compensation audits. As such, the Committee, as advised by its consultant, believes that there are sufficient safeguards against excessive risk taking and any one-time stock price anomalies considering the design of the Long Term Strategy Grant program includes: the four-year performance period; the four-year service requirement; the significant growth based performance objectives that require maintaining above baseline levels of growth over the entire four-year performance period in order to obtain a payout under the program, along with the continuance of awards under the normal incentive programs that focus on operational excellence, and awards being covered by the existing clawback provisions under the 2022 Omnibus Plan.
The Committee determined the grant date values (for NEOs other than Mr. Dierker) of the 2030 Long Term Strategy Grant in consultation with Mr. Dierker. The Committee determined the value of the grants to the NEOs (other than Mr. Dierker) based on a tiered structure, with grant amounts varied based on their specific roles and direct impact
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on achieving the growth drivers. The table below summarizes payout opportunities under the 2030 Long Term Strategy Grant to the NEOs:
Named Executive Officer 2030 Long Term Strategy Grant Opportunities
Named Executive Officer |
Payout at Baseline Achievement |
|
Payout at Target Achievement |
|
Payout at Maximum Achievement |
|
|||
Richard A. Dierker |
$ |
— |
|
$ |
5,000,000 |
|
$ |
7,500,000 |
|
Lee B. McChesney |
$ |
— |
|
$ |
1,000,000 |
|
$ |
1,500,000 |
|
Charles R. Raup |
$ |
— |
|
$ |
2,500,000 |
|
$ |
3,750,000 |
|
Patrick D. de Maynadier |
$ |
— |
|
$ |
1,000,000 |
|
$ |
1,500,000 |
|
Michael G. Read |
$ |
— |
|
$ |
2,000,000 |
|
$ |
3,000,000 |
|
In determining the size of the 2030 Long Term Strategy Grant for the NEOs, the Committee also reviewed benchmarking data from peer companies that have implemented similar one-time strategic awards. The Committee believes that the design of the 2030 Long Term Strategy Grant—including its broad-based structure, alignment with the Company's transformational strategic goals, rigorous performance requirements for payout, and emphasis on multi-year performance-based vesting for senior leaders and key employees—reflects a disciplined, meaningful and stockholder-aligned approach to this pivotal period of transformation for the Company.
2026 Compensation Changes
The Committee approved the following changes to the 2026 target total direct compensation of our named executive officers, taking into account median levels of our Compensation Peer Group and industry survey data for such year.
Base Salaries. As shown in the table below, the Committee approved the following salary increases in 2026 for each named executive officer.
2026 Base Salary
Named Executive Officer |
|
2025 Base |
2026 Base |
Base Salary % |
||||||||||
Richard A. Dierker |
|
|
$ |
1,075,000 |
|
|
|
$ |
1,200,000 |
|
|
|
11.6% |
|
Lee B. McChesney |
|
|
$ |
700,000 |
|
|
|
$ |
740,000 |
|
|
|
5.7% |
|
Charles R. Raup |
|
|
$ |
700,000 |
|
|
|
$ |
720,000 |
|
|
|
2.9% |
|
Patrick D. De Maynadier |
|
|
$ |
558,000 |
|
|
|
$ |
600,000 |
|
|
|
7.5% |
|
Michael G. Read(1) |
|
|
$ |
575,000 |
|
|
|
$ |
590,000 |
|
|
|
2.6% |
|
Annual Incentive Plan Targets. As shown in the table below, the Committee approved the following Annual Incentive Plan targets in 2026 for each named executive officer.
2026 Annual Incentive Plan Target
Named Executive Officer |
|
2025 Annual Incentive Plan Target (%) |
2026 Annual Incentive Plan Target (%) |
||||
Richard A. Dierker |
|
|
125% |
|
|
150% |
|
Lee B. McChesney |
|
|
85% |
|
|
85% |
|
Charles R. Raup |
|
|
85% |
|
|
85% |
|
Patrick D. De Maynadier |
|
|
65% |
|
|
80% |
|
Michael G. Read |
|
|
65% |
|
|
75% |
|
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Long-Term Incentive Targets. As shown in the table below, the Committee approved the following LTI increases in 2026 for each named executive officer.
Named Executive Officer |
|
2025 Long Term Incentive Target ($) |
2026 Long Term Incentive Target ($) |
Long Term Incentive Target |
||||||||||
Richard A. Dierker |
|
|
$ |
7,084,250 |
|
|
|
$ |
7,500,000 |
|
|
|
5.9% |
|
Lee B. McChesney |
|
|
$ |
1,715,000 |
|
|
|
$ |
1,887,000 |
|
|
|
10.0% |
|
Charles R. Raup |
|
|
$ |
1,715,000 |
|
|
|
$ |
1,764,000 |
|
|
|
2.9% |
|
Patrick D. De Maynadier |
|
|
$ |
948,600 |
|
|
|
$ |
1,170,000 |
|
|
|
23.3% |
|
Michael G. Read(1) |
|
|
$ |
805,000 |
|
|
|
$ |
944,000 |
|
|
|
17.3% |
|
Annual Incentive Plan Changes
The Committee reviewed the effectiveness of the Annual Incentive Plan and approved changes for 2026 to remove the Strategic Initiatives metric and return the plan design to the four core financial metrics - Net Sales, Gross Margin, Adjusted Diluted EPS, and Cash from Operations - with each metric equally weighted. The Committee also approved implementing a 25% overall plan payout minimum and a 200% overall plan payout maximum.
Long Term Incentive Plan Changes
The Committee reviewed the effectiveness of the Annual Long Term Incentive Plan and for 2026 approved the following changes:
Mix of Long Term Incentive Vehicles: Beginning in 2023, the Committee expanded the LTI program by introducing RSUs for all employees and PSUs for executive officers. Beginning with the 2026 grant cycle, the Committee approved changes to the equity mix, reducing the allocation of stock options from 75% to 50% for all employees and increasing the PSU allocation for executive officers from 15% to 40%. These changes are intended to better balance the inherent risk profile of stock options while further reinforcing the program’s emphasis on pay‑for‑performance. RSUs will remain at 10% of the executive officer equity mix and will increase for non‑executive levels of the organization. The Committee believes that expanding the use of PSUs strengthens alignment between pay and performance.
Design of Annual PSU Plan: The Committee approved the addition of a second performance metric to the annual PSU program, supplementing relative TSR with a three year cumulative Cash from Operations metric, with each metric equally weighted. Consistent with prior years, the 2026 PSU program will continue to provide an earning opportunity ranging from 0% to 200% of target.
GOVERNANCE FEATURES OF OUR EXECUTIVE COMPENSATION PROGRAM
Executive Stock Ownership Guidelines
In order to further align the interests of executive officers with the interests of our stockholders, we maintain stock ownership guidelines for our executive officers that require each executive officer to hold equity in the Company’s stock equal to a multiple of each executive’s salary.
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The stock ownership guidelines applicable to each of our named executive officers at the end of 2025 are shown in the following table:
Title |
|
Multiple of |
||
Chief Executive Officer |
|
|
6.0x |
|
Chief Financial Officer |
|
|
3.0x |
|
Executive Vice President |
|
|
2.5x |
|
The calculation of ownership includes:
Executives are generally expected to achieve the guidelines within five years from the date on which they become subject to our stock ownership guidelines. On April 27, 2022, the Committee approved the removal of 60% of the in-the-money value of vested and unvested stock options, such that no portion of the value of options are taken into account towards the guidelines for executive officers. As a result of the amendment, effective April 27, 2022 (the “Amendment Effective Date)”, executive officers employed as of the Amendment Effective Date have five years from the Amendment Effective Date to meet the new guidelines. If an executive is ever below their ownership requirements, our guidelines require the executive to hold 50 percent of the net, after-tax value of any equity received from the Company’s ongoing compensation programs. As of December 31, 2025, all our executive officers employed as of the Amendment Effective Date are on track to meet their stock ownership guidelines within five years of the Amendment Effective Date and all our executive officers employed following the Amendment Effective Date are on track to meet their stock ownership guidelines within five years of the date on which they became subject to our stock ownership guidelines.
Short Sale, Hedging and Pledging
In accordance with our Insider Trading Policy, and as set forth in “Corporate Governance--Insider Trading Policies and Procedures” above, our directors, executive officers, and other employees are prohibited from (i) engaging in short sales of our securities, (ii) buying or selling puts or calls or other derivative securities on our securities, (iii) participating in equity swap transactions involving Company stock, (iv) purchasing Company stock on margin, (v) short-term trading, (vi) pledging Company stock, (vii) standing orders, and (viii) entering into hedging or monetizing transactions or similar arrangements with respect to our securities (including, without limitation, prepaid variable forward contracts, equity swaps, collars, and exchange funds).
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CLAWBACK POLICIES
In accordance with the listing standards and rules of the NYSE, the Board has adopted a mandatory clawback policy that requires the Board to recoup excess incentive-based compensation paid to our executive officers as a result of a material financial misstatement. The Board also adopted a supplemental clawback policy with broad discretion, allowing the Board to seek recoupment from a broader group of senior leaders across the Company when a mandatory recoupment is not required. The supplemental policy covers material financial misstatements as well as cause conduct and violations of restrictive covenants. In addition, clawback provisions are incorporated into the Company’s Annual Incentive Plan and Omnibus Equity Compensation Plan (and underlying award agreements) that are tied to the clawback policies.
ONGOING AND POST-EMPLOYMENT COMPENSATION
We have plans and agreements addressing compensation for our named executive officers that accrue value as the executive officers continue to work for us, provide special benefits upon certain types of termination events, or provide retirement benefits. These plans and agreements were designed to be part of a competitive compensation package, in some cases not only for executive officers, but for other employees as well.
SAVINGS AND PROFIT SHARING PLAN FOR SALARIED EMPLOYEES
This plan, which we sometimes refer to below as the “Savings and Profit Sharing Plan,” is a tax-qualified defined contribution plan available to all of our salaried employees in the United States. All of our named executive officers participate in the plan. Under the plan, an employee may contribute, subject to the limitations of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), up to a maximum of 70 percent of his or her eligible compensation (approximately 15 percent for highly compensated employees in 2025), which includes salary and payments under the Annual Incentive Plan, on a pre-tax basis or as Roth contributions. We provide a matching contribution equal to 100 percent of the first five percent of eligible compensation that an employee contributes in any year. In addition, the plan provides a profit sharing feature under which we make an annual contribution to the account of each employee based on our performance in the preceding year and can make additional contributions for all employees excluding at or above the executive vice president level, including our named executive officers. The performance measures and results used to calculate the annual contribution level are identical to the Company-wide measures described applicable to payouts under the Annual Incentive Plan described above under “2025 Compensation—Annual Incentive Plan.” Achievement of a performance rating of 1.0 would have resulted in a contribution of five percent of a participant’s base salary and Annual Incentive Plan payments made in 2025. Based on 2025 performance results, the Compensation & Human Capital Committee approved a contribution equal to 6.25 percent of each of the U.S. named executive officer’s eligible compensation in 2025. Amounts credited to an employee’s account in the plan may be invested among a number of funds, including a Company stock fund. A participant’s account is adjusted to reflect the rate of return, positive or negative, on the investments. Employee contributions and compensation on which our profit sharing contributions may be based cannot exceed limits under the Internal Revenue Code (the eligible compensation limit was $350,000 in 2025).
Mr. Read is employed by Church & Dwight Canada and receives benefits consistent with other Church & Dwight Canada employees. Church & Dwight Canada employees receive retirement benefits through the Deferred Profit Sharing Plan (DPSP), where Church & Dwight Canada provides a base contribution of 2% of eligible earnings and matches employee contributions to the Registered Retirement Savings Plan (RRSP) up to 3%, depositing the match into the DPSP. Additionally, Church & Dwight Canada may contribute up to 4% more in profit sharing to the DPSP. Any profit sharing amounts above 6% are made to a Non-Registered Savings Plan (NRSP), with total company profit sharing contributions typically reaching 7% of eligible earnings. Based on 2025 performance results, the Compensation & Human Capital Committee approved a contribution equal to 5.25% of eligible earnings for Mr. Read.
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EXECUTIVE DEFERRED COMPENSATION PLAN
The Executive Deferred Compensation Plan (“EDCP”) and its predecessors collectively have been in effect for over 20 years. The EDCP is a nonqualified deferred compensation plan that provides potential tax benefits for certain employees in the United States, including our named executive officers. Under the EDCP in effect during 2025, an executive officer could defer up to 70 percent of their salary and, in general, up to 70 percent of amounts paid to the executive officer under the Annual Incentive Plan. In addition, an executive can make a separate deferral, which we refer to below as the “Excess Compensation Deferral,” of up to five percent of compensation that exceeds Internal Revenue Code limits on eligible contributions under the Savings and Profit Sharing Plan. We provide a contribution equal to (i) 100 percent of the Excess Contribution Deferral; (ii) five percent of other salary and Annual Incentive Plan deferrals; and (iii) the profit sharing contributions we would have made to the participant’s account under the Savings and Profit Sharing Plan were it not for the Internal Revenue Code limit on the amount of eligible compensation under that plan and the participant’s deferrals into the EDCP. Amendments were made to the EDCP, effective January 1, 2024, to permit “in-service” account elections, adjust base salary and bonus deferral(s) to 1% minimum and 70% maximum (versus the previous minimum of 10% and the previous maximum of 85%), limit the Company match to active participants and retirees for periods of active service, provide additional flexibility on vesting, and make certain operational investment changes.
Amounts deferred under the EDCP generally are not subject to federal, and in many cases state, income taxes until they are distributed. An executive officer can choose to have his or her contributions allocated to one or more of several notional investments, including a notional investment in our common stock. A participant may not initially allocate more than 50 percent of his or her contributions to our common stock, although the participant can increase the notional common stock amount through intra-plan transfers of notional investments previously made. A participant’s account is adjusted to reflect the deemed rate of return, positive or negative, on the notional investments. An executive officer may choose to receive a payout following retirement, either in a lump sum or in annual installments, in accordance with the terms of the EDCP. The EDCP also includes provisions for payment upon termination (pre-retirement) death or disability. See the “2025 Nonqualified Deferred Compensation” table and accompanying narrative for additional information.
CHANGE IN CONTROL AND SEVERANCE AGREEMENTS
We have adopted change in control and severance agreements for our executive officers because we believe that these agreements can create management stability during a period of potential uncertainty. Absent such agreements, there is an increased risk that executive officers may be encouraged to seek other employment opportunities if they became concerned about their employment security following a change in control. We also believe that the agreements provide financial security to an executive officer in the event of an involuntary termination of the executive officer without cause or for good reason following a change in control by providing a meaningful payment to the executive officer. The agreements also provide clear statements of the rights of the executive officers and protect against a change in employment and other terms by an acquirer that would be unfavorable to the executive officer. We also provide severance benefits to our executive officers, although at a lower level, for certain types of employment terminations that do not follow a change in control. We believe these arrangements provide a competitive benefit that enhances our ability to hire and retain capable executive officers.
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The change in control and severance agreements provide for payments and other benefits if an executive officer’s employment is terminated without cause, or if an executive officer terminates employment for “good reason,” within two years following a change in control. These provisions require what is sometimes called a “double trigger,” namely both a change in control and a specified termination event, before payment is made. The agreements also provide for lesser payments if these types of terminations occur outside of the context of a change in control. The agreements do not contain an excise tax gross-up provision and, instead provide that, in the event that payments to be made to an executive under the agreements in connection with a change in control would result in the imposition of the excise tax under Section 4999 of the Internal Revenue Code, the payments will be reduced to the highest amount that could be paid without triggering the excise tax if, following the reduction, the executive would retain a greater amount of net after-tax payments than if no reduction were made. If no reduction is made, the executive officer will pay any applicable excise tax.
See “Potential Payments Upon Termination or Change in Control” for further information regarding benefits under the change in control and severance agreements.
HOW COMPENSATION DECISIONS ARE MADE
In connection with 2025 compensation for executive officers, Mr. Farrell, aided by our Human Resources department, provided statistical data and recommendations to the Committee. Mr. Farrell did not make recommendations and does not participate in discussions or decisions regarding his own compensation. While the Committee utilized this information, and valued Mr. Farrell’s observations with regard to compensation for our other executive officers, the ultimate decisions regarding executive compensation and goal setting were made by the Committee. For 2026 compensation decisions, the same process was utilized with respect to Mr. Dierker’s recommendations to the Committee.
ROLE OF THE COMPENSATION & HUMAN CAPITAL COMMITTEE IN EXECUTIVE COMPENSATION
As set forth in its written Charter, one of the Committee’s purposes is to administer our executive compensation program. It is the Committee’s responsibility to oversee the design of executive compensation programs, policies, and practices; to determine the types and amounts of compensation for executive officers; and to review and approve the adoption, termination, and amendment of, and to administer, our incentive compensation and stock option plans. All compensation for our executive officers ultimately must be approved by the Committee. Our Human Resources department supports the Committee’s work, and in some cases, acts under delegated authority to administer compensation programs. In addition, as described above, the Committee directly engages Semler Brossy, an outside independent compensation consulting firm, to assist in its review of compensation for executive officers.
ROLE OF THE INDEPENDENT COMPENSATION CONSULTANT
Representatives from Semler Brossy attend Committee meetings, participate in executive sessions, and communicate directly with the Committee. Semler Brossy also provides independent consulting services to the Nominating, Governance & Corporate Responsibility Committee regarding non-employee director compensation. In its role as independent compensation consultant, Semler Brossy provides recommendations on compensation for our named executive officers, regularly reviews the Company’s executive compensation programs, in cooperation with management, and regularly reviews the Company’s compensation philosophy, peer group (as described further below) and target competitive positioning for reasonableness and appropriateness.
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ROLE OF PEER GROUPS
The Committee utilizes two distinct peer groups for purposes of benchmarking compensation as well as measuring financial and plan performance – the “Compensation Peer Group” and the “Performance Peer Group” (with an additional non-food companies subset of this peer group, the “Corporate Incentive Plan Rating Peer Group”), each of which is described further below.
Compensation Peer Group. The Compensation Peer Group consists of a group of 17 consumer-packaged goods companies that have revenues in the range of approximately 1/3x to 3x our revenues. Within this classification, the Committee referenced companies with similar distribution channels and a significant focus on brand recognition, with an emphasis on identifying our closest business competitors as well as companies with relatively high market valuations. We believe there is a strong likelihood that the skills of our named executive officers are transferable among the companies in the Compensation Peer Group and, accordingly, we would expect to compete with these companies for executive officer talent. Below are the criteria used to determine the 2025 Compensation Peer Group:
Criteria for Determining Compensation Peer Group
✓ |
Industry: consumer packaged goods (other than tobacco and spirits) |
✓ |
Revenue: within 1/3x to 3x of Church & Dwight |
✓ |
Business Fit: similar distribution channels and brand recognition focus |
In 2025 the Committee reviewed the Compensation Peer Group to determine potential changes to use when evaluating 2026 compensation and determined that no changes were necessary.
Compensation Peer Group and Survey Data. The Committee primarily utilizes data from proxy materials with respect to the Compensation Peer Group for our CEO and CFO. With respect to our other named executive officers, the Committee primarily uses survey data in determining compensation due to the limited amount of comparable data available in the proxy materials from companies within the Compensation Peer Group, although the Committee does reference Compensation Peer Group data in determining our other named executive officers’ compensation when there is a meaningful level of relevant data for those positions.
In determining a 2025 competitive market guideline with respect to target total direct compensation, namely base salary, short-term incentive targets and long-term incentives, the Committee referenced a level that approximates the 50th percentile of the Compensation Peer Group, or the survey companies, as applicable. However, the Committee considers overall performance during the year, including TSR and other key financial performance metrics, when evaluating pay levels for our named executive officers. In addition, because a majority of our named executive officers’ compensation is performance-based, actual cash compensation paid to our named executive officers could further vary from that paid to executive officers in the Compensation Peer Group or the survey companies, based on achievement of performance targets.
In making executive compensation decisions for 2025, the Committee reviewed data provided by Semler Brossy to compare the compensation of our named executive officers to the compensation of executives in the competitive market. The Committee relies on various sources of compensation information to ascertain the competitive market for our named executive officers such as data obtained from proxy materials of the Compensation Peer Group and survey data provided by national compensation consulting firms such as Willis Towers Watson, FW Cook, and Equilar relating to companies in the consumer staples and consumer discretionary sectors within the Company’s revenue scope. The Committee utilizes these materials to assist in decisions regarding base pay, short-term incentive targets under our Annual Incentive Plan and long-term incentives.
Performance Peer Group. In addition to the Compensation Peer Group, the Company utilizes a performance peer group. Beginning in 2023, in connection with the introduction of PSUs that vest based on achievement of a relative TSR metric, the Committee established a Performance Peer Group and selected a group of twenty-five consumer-packaged goods companies which are (1) direct competitors within our industry or strong comparators within related
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industries, primarily non-durable consumer packaged goods with a strong brand identity, (2) have revenues and market capitalizations of greater than $2 billion to ensure companies are comparable in scale and economic dynamics and (3) are included in the S&P 500 Consumer Staples index. The Performance Peer Group is used for determining the relative TSR performance for the 2025 PSU grants. Separately, a non-food companies subset of the Performance Peer Group, the Corporate Incentive Plan Rating Peer Group, was used to compare the Company’s projected 2025 results with respect to Adjusted Diluted EPS in determining the Annual Incentive Plan rating.
The Performance Peer Group did not change in 2025 from the prior year.
|
|
|
|
Company Name |
Compensation Peer |
Performance Peer |
Corporate Incentive |
|
|
|
|
Conagra Brands, Inc. |
|
✓ |
|
Colgate-Palmolive Company |
|
✓ |
✓ |
The Clorox Company |
✓ |
✓ |
✓ |
Coty Inc. |
✓ |
✓ |
✓ |
Campbell Soup Company |
✓ |
✓ |
|
The Estée Lauder Companies Inc. |
|
✓ |
✓ |
Energizer Holdings, Inc. |
✓ |
✓ |
✓ |
Edgewell Personal Care Company |
✓ |
✓ |
✓ |
Flowers Foods, Inc. |
✓ |
✓ |
|
General Mills, Inc. |
|
✓ |
|
Hasbro, Inc. |
✓ |
|
|
The Hershey Company |
✓ |
✓ |
|
Kellogg Company |
|
✓ |
|
Kenvue, Inc. |
✓ |
✓ |
✓ |
Keurig Dr Pepper Inc. |
✓ |
✓ |
|
The Kraft Heinz Company |
|
✓ |
|
Kimberly-Clark Corporation |
|
✓ |
✓ |
Mondelez International, Inc. |
|
✓ |
|
McCormick & Company, Incorporated |
✓ |
✓ |
|
Monster Beverage Corporation |
✓ |
✓ |
|
Newell Brands Inc. |
✓ |
✓ |
✓ |
PepsiCo, Inc. |
|
✓ |
|
Perrigo Company, plc |
✓ |
|
|
The Procter & Gamble Company |
|
✓ |
✓ |
Post Holdings, Inc. |
✓ |
✓ |
|
Reckitt Benckiser Group plc |
|
✓ |
✓ |
The Scotts Miracle-Gro Company |
✓ |
|
|
The J. M. Smucker Company |
✓ |
✓ |
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ACCOUNTING AND TAX CONSIDERATIONS
The Committee may consider various accounting and tax implications of equity-based and other forms of compensation.
When determining the amounts of equity-based awards to be granted, the Committee examines the accounting cost associated with the grants. Under ASC 718, grants of stock options, restricted stock units, and performance stock units result in an accounting charge for the Company equal to the fair value of the award issued.
Section 162(m) of the Internal Revenue Code (“Section 162(m)”) generally disallows a federal income tax deduction for compensation paid by publicly held companies to certain of their executive officers that is in excess of $1,000,000 per year. Although the Committee is mindful of Section 162(m), the Committee grants compensation consistent with its stated objectives of providing competitive compensation, conditioning the majority of executive officer compensation on the achievement of performance goals, aligning executive officer and stockholder interests, and providing retention incentives. As a result, the Committee has approved, and expects to continue to approve, compensation to current and future executive officers that is not deductible for federal income tax purposes.
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COMPENSATION & HUMAN CAPITAL COMMITTEE REPORT
The Compensation & Human Capital Committee has reviewed and discussed with management the Compensation Discussion and Analysis required by Securities and Exchange Commission regulations. Based on its review and discussions, the Compensation & Human Capital Committee recommended to the Board of Directors that the Compensation Discussion and Analysis be included in this proxy statement and, through incorporation by reference, in Church & Dwight’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
Respectfully submitted,
Penry W. Price, Chair
Bradley C. Irwin
Ravichandra K. Saligram
Janet S. Vergis
Laurie J. Yoler
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2025 SUMMARY COMPENSATION TABLE |
|
2025 SUMMARY COMPENSATION TABLE
The following table sets forth information regarding the compensation for 2025, 2024, and 2023 of our President and CEO, our Executive Vice President, CFO, and each of the persons who were the next three most highly paid executive officers in 2025, or our “named executive officers,” as defined in Item 402 of Regulation S-K.
Name and Principal Position |
|
Year |
Salary |
Bonus |
Stock |
Option |
Non-Equity |
All Other |
Total |
||||||||||||||||||||||||||||||||
Richard A. Dierker(4) |
|
|
2025 |
|
|
|
986,580 |
|
|
|
|
— |
|
|
|
|
1,770,973 |
|
|
|
|
5,313,100 |
|
|
|
|
1,472,656 |
|
|
|
|
256,368 |
|
|
|
|
|
9,799,678 |
|
|
|
President and Chief Executive Officer |
|
|
2024 |
|
|
|
721,950 |
|
|
|
|
— |
|
|
|
|
581,280 |
|
|
|
|
1,743,840 |
|
|
|
|
945,300 |
|
|
|
|
236,236 |
|
|
|
|
|
4,228,606 |
|
|
|
|
|
|
2023 |
|
|
|
695,275 |
|
|
|
|
— |
|
|
|
|
496,625 |
|
|
|
|
1,489,875 |
|
|
|
|
1,070,000 |
|
|
|
|
143,403 |
|
|
|
|
|
3,895,178 |
|
|
|
Matthew T. Farrell(5) |
|
|
2025 |
|
|
|
314,697 |
|
|
|
|
— |
|
|
|
|
503,972 |
|
|
|
|
1,511,185 |
|
|
|
|
590,057 |
|
|
|
|
374,696 |
|
|
|
|
|
3,294,606 |
|
|
|
Former Chairman, President and Chief Executive Officer |
|
|
2024 |
|
|
|
1,231,633 |
|
|
|
|
— |
|
|
|
|
2,015,000 |
|
|
|
|
6,045,000 |
|
|
|
|
2,499,000 |
|
|
|
|
493,583 |
|
|
|
|
|
12,284,216 |
|
|
|
|
|
|
2023 |
|
|
|
1,183,975 |
|
|
|
|
— |
|
|
|
|
1,808,075 |
|
|
|
|
5,424,225 |
|
|
|
|
2,530,700 |
|
|
|
|
273,791 |
|
|
|
|
|
11,220,766 |
|
|
|
Lee B. McChesney(6) |
|
|
2025 |
|
|
|
540,909 |
|
|
|
|
200,000 |
|
|
|
|
2,628,405 |
|
|
|
|
1,286,280 |
|
|
|
|
574,716 |
|
|
|
|
62,864 |
|
|
|
|
|
5,293,175 |
|
|
|
Executive Vice President, Chief Financial Officer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Charles R. Raup(7) |
|
|
2025 |
|
|
|
360,606 |
|
|
|
|
150,000 |
|
|
|
|
857,250 |
|
|
|
|
857,635 |
|
|
|
|
383,144 |
|
|
|
|
50,038 |
|
|
|
|
|
2,658,673 |
|
|
|
Executive Vice President, US Domestic President |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Patrick D. de Maynadier(8) |
|
|
2025 |
|
|
|
553,483 |
|
|
|
|
— |
|
|
|
|
237,412 |
|
|
|
|
711,540 |
|
|
|
|
444,175 |
|
|
|
|
114,572 |
|
|
|
|
|
2,061,182 |
|
|
|
Executive Vice President, General Counsel & Secretary |
|
|
2024 |
|
|
|
527,500 |
|
|
|
|
— |
|
|
|
|
225,633 |
|
|
|
|
676,898 |
|
|
|
|
439,900 |
|
|
|
|
143,882 |
|
|
|
|
|
2,013,812 |
|
|
|
|
|
|
2023 |
|
|
|
508,000 |
|
|
|
|
— |
|
|
|
|
206,456 |
|
|
|
|
619,369 |
|
|
|
|
521,200 |
|
|
|
|
102,043 |
|
|
|
|
|
1,957,068 |
|
|
|
Michael G. Read(9) |
|
|
2025 |
|
|
|
560,648 |
|
|
|
|
— |
|
|
|
|
193,258 |
|
|
|
|
578,880 |
|
|
|
|
449,303 |
|
|
|
|
93,374 |
|
|
|
|
|
1,875,463 |
|
|
|
Executive Vice President, Consumer International and Specialty Products Division |
|
|
2024 |
|
|
|
510,667 |
|
|
|
|
— |
|
|
|
|
165,393 |
|
|
|
|
496,179 |
|
|
|
|
419,700 |
|
|
|
|
86,616 |
|
|
|
|
|
1,678,555 |
|
|
|
Named Officer |
PSU Value at Target Level (Reported in |
|
PSU Value at Maximum Level ($) |
|
||
Richard A. Dierker |
$ |
1,062,754 |
|
$ |
2,125,508 |
|
Matthew T. Farrell |
$ |
302,264 |
|
$ |
604,528 |
|
Lee B. McChesney |
$ |
257,363 |
|
$ |
514,727 |
|
Charles R. Raup |
|
— |
|
|
— |
|
Patrick D. De Maynadier |
$ |
142,290 |
|
$ |
284,580 |
|
Michael G. Read |
$ |
115,800 |
|
$ |
231,601 |
|
76 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
2025 SUMMARY COMPENSATION TABLE |
Church & Dwight Co. | 2026 Proxy Statement |
77 |
Table of Contents
2025 ALL OTHER COMPENSATION TABLE |
|
2025 All Other Compensation Table
Name and Principal Position |
|
Year |
Dividend |
Profit |
Qualified |
Non-Qualified |
Company |
Executive |
Relocation |
Company |
|||||||||||||||||||||||||||||||||||
Richard A. Dierker |
|
|
2025 |
|
|
|
3,554 |
|
|
|
|
120,743 |
|
|
|
|
17,500 |
|
|
|
|
79,094 |
|
|
|
|
27,866 |
|
|
|
|
1,951 |
|
|
|
|
— |
|
|
|
|
|
5,660 |
|
|
President and Chief Executive Officer |
|
|
2024 |
|
|
|
877 |
|
|
|
|
124,541 |
|
|
|
|
17,250 |
|
|
|
|
72,348 |
|
|
|
|
21,220 |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
2023 |
|
|
|
— |
|
|
|
|
75,811 |
|
|
|
|
16,500 |
|
|
|
|
27,834 |
|
|
|
|
16,953 |
|
|
|
|
2,272 |
|
|
|
|
— |
|
|
|
|
|
4,034 |
|
|
Matthew T. Farrell |
|
|
2025 |
|
|
|
38,227 |
|
|
|
|
175,856 |
|
|
|
|
17,500 |
|
|
|
|
123,185 |
|
|
|
|
17,867 |
|
|
|
|
2,060 |
|
|
|
|
— |
|
|
|
|
|
— |
|
|
Former Chairman, President and Chief Executive Officer |
|
|
2024 |
|
|
|
3,193 |
|
|
|
|
261,482 |
|
|
|
|
17,250 |
|
|
|
|
170,867 |
|
|
|
|
40,791 |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
2023 |
|
|
|
— |
|
|
|
|
140,013 |
|
|
|
|
16,500 |
|
|
|
|
65,379 |
|
|
|
|
48,600 |
|
|
|
|
3,300 |
|
|
|
|
— |
|
|
|
|
|
— |
|
|
Lee B. McChesney |
|
|
2025 |
|
|
|
— |
|
|
|
|
33,807 |
|
|
|
|
5,696 |
|
|
|
|
1,736 |
|
|
|
|
10,000 |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
|
11,625 |
|
|
Executive Vice President, Chief Financial Officer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Charles R. Raup |
|
|
2025 |
|
|
|
— |
|
|
|
|
22,538 |
|
|
|
|
17,500 |
|
|
|
|
— |
|
|
|
|
10,000 |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
|
— |
|
|
Executive Vice President, US Domestic President |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Patrick D. de Maynadier |
|
|
2025 |
|
|
|
1,447 |
|
|
|
|
62,086 |
|
|
|
|
17,500 |
|
|
|
|
8,919 |
|
|
|
|
13,000 |
|
|
|
|
3,750 |
|
|
|
|
— |
|
|
|
|
|
7,870 |
|
|
Executive Vice President, General Counsel & Secretary |
|
|
2024 |
|
|
|
362 |
|
|
|
|
72,885 |
|
|
|
|
17,250 |
|
|
|
|
35,185 |
|
|
|
|
12,000 |
|
|
|
|
3,750 |
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
2023 |
|
|
|
— |
|
|
|
|
51,548 |
|
|
|
|
16,500 |
|
|
|
|
13,645 |
|
|
|
|
13,000 |
|
|
|
|
3,000 |
|
|
|
|
— |
|
|
|
|
|
— |
|
|
Michael G. Read(1) |
|
|
2025 |
|
|
|
977 |
|
|
|
|
51,308 |
|
|
|
|
— |
|
|
|
|
16,819 |
|
|
|
|
10,000 |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
|
14,270 |
|
|
Executive Vice President, Consumer International and Specialty Products Division |
|
|
2024 |
|
|
|
238 |
|
|
|
|
56,051 |
|
|
|
|
— |
|
|
|
|
15,327 |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
|
15,000 |
|
|
78 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
2025 GRANTS OF PLAN-BASED AWARDS |
2025 GRANTS OF PLAN-BASED AWARDS
The following table provides information regarding plan-based awards granted to our named executive officers in 2025.
|
|
|
Estimated Possible |
|
Estimated Possible |
|
|
|
|
|
|
|
|
|
||||||||||||||
Name |
Grant |
Approval |
Threshold |
Target |
|
Maximum |
|
Threshold |
Target |
|
Maximum |
|
All Other |
|
All Other |
|
Exercise |
|
Grant Date |
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Annual Incentive Plan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Stock Options |
3/3/2025 |
1/29/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
|
|
||||||||
Restricted Stock Units |
3/3/2025 |
1/29/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Performance Stock Units |
3/3/2025 |
1/29/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,062,754 |
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Annual Incentive Plan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Stock Options |
3/3/2025 |
1/29/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
|
|
||||||||
Restricted Stock Units |
3/3/2025 |
1/29/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Performance Stock Units |
3/3/2025 |
1/29/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Annual Incentive Plan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Stock Options |
3/24/2025 |
2/20/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
|
|
||||||||
Restricted Stock Units |
3/24/2025 |
2/20/2025 |
|
|
|
|
|
|
|
|
|
|
|
22,180 |
|
|
|
|
|
|
2,371,042 |
|
||||||
Performance Stock Units |
3/24/2025 |
2/20/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Annual Incentive Plan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Stock Options |
6/25/2025 |
6/5/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
|
|
||||||||
Restricted Stock Units |
6/25/2025 |
6/5/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Performance Stock Units |
6/25/2025 |
6/5/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Annual Incentive Plan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Stock Options |
3/3/2025 |
1/29/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
|
|
||||||||
Restricted Stock Units |
3/3/2025 |
1/29/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Performance Stock Units |
3/3/2025 |
1/29/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Annual Incentive Plan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Stock Options |
3/3/2025 |
1/29/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
|
|
||||||||
Restricted Stock Units |
3/3/2025 |
1/29/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Performance Stock Units |
3/3/2025 |
1/29/2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Church & Dwight Co. | 2026 Proxy Statement |
79 |
Table of Contents
2025 GRANTS OF PLAN-BASED AWARDS |
|
80 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
2025 OUTSTANDING EQUITY AWARDS |
2025 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
The following table provides information regarding outstanding equity awards held by our named executive officers on December 31, 2025.
|
Option Awards |
Stock Awards |
|
|||||||||||||||||||
Name |
Number of |
|
Number of |
|
Option |
|
Option |
Number of |
|
Market |
|
Equity Incentive |
|
Equity Incentive |
|
|||||||
Richard A. Dierker |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Stock Options |
|
83,340 |
|
|
|
$ |
84.85 |
|
6/13/2032 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
|
|
62,260 |
|
$ |
83.13 |
|
3/1/2033 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
|
|
58,500 |
|
$ |
100.28 |
|
3/1/2034 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
|
|
158,600 |
|
$ |
112.06 |
|
3/3/2035 |
|
|
|
|
|
|
|
|
|||||
Restricted Stock Units |
|
|
|
|
|
|
|
|
797 |
|
|
66,828 |
|
|
|
|
|
|||||
Restricted Stock Units |
|
|
|
|
|
|
|
|
1,547 |
|
|
129,716 |
|
|
|
|
|
|||||
Restricted Stock Units |
|
|
|
|
|
|
|
|
6,320 |
|
|
529,932 |
|
|
|
|
|
|||||
Performance Stock Units |
|
|
|
|
|
|
|
|
|
|
|
|
2,690 |
|
|
225,557 |
|
|||||
Performance Stock Units |
|
|
|
|
|
|
|
|
|
|
|
|
2,850 |
|
|
238,973 |
|
|||||
Performance Stock Units |
|
|
|
|
|
|
|
|
|
|
|
|
7,700 |
|
|
645,645 |
|
|||||
Matthew T. Farrell |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Stock Options |
|
259,450 |
|
|
|
$ |
50.28 |
|
6/18/2028 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
376,610 |
|
|
|
$ |
77.33 |
|
6/17/2029 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
485,020 |
|
|
|
$ |
73.87 |
|
6/15/2030 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
367,820 |
|
|
|
$ |
84.54 |
|
6/14/2031 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
308,410 |
|
|
|
$ |
84.85 |
|
6/13/2032 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
|
|
226,670 |
|
$ |
83.13 |
|
3/1/2033 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
|
|
202,780 |
|
$ |
100.28 |
|
3/1/2034 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
|
|
45,110 |
|
$ |
112.06 |
|
3/3/2035 |
|
|
|
|
|
|
|
|
|||||
Performance Stock Units |
|
|
|
|
|
|
|
|
|
|
|
|
9,780 |
|
|
820,053 |
|
|||||
Performance Stock Units |
|
|
|
|
|
|
|
|
|
|
|
|
9,890 |
|
|
829,277 |
|
|||||
Performance Stock Units |
|
|
|
|
|
|
|
|
|
|
|
|
2,190 |
|
183631.5 |
|
||||||
Lee B. McChesney |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Stock Options |
|
|
|
40,500 |
|
$ |
106.90 |
|
3/24/2035 |
|
|
|
|
|
|
|
|
|||||
Restricted Stock Units |
|
|
|
|
|
|
|
|
22,180 |
|
|
1,859,793 |
|
|
|
|
|
|||||
Performance Stock Units |
|
|
|
|
|
|
|
|
|
|
|
|
2,030 |
|
|
170,216 |
|
|||||
Charles R. Raup |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Stock Options |
|
|
|
31,040 |
|
$ |
95.25 |
|
6/25/2035 |
|
|
|
|
|
|
|
|
|||||
Restricted Stock Units |
|
|
|
|
|
|
|
|
9,000 |
|
|
754,650 |
|
|
|
|
|
|||||
Patrick D. de Maynadier |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Stock Options |
|
41,340 |
|
|
|
$ |
84.54 |
|
6/14/2031 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
35,130 |
|
|
|
$ |
84.85 |
|
6/13/2032 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
|
|
25,880 |
|
$ |
83.13 |
|
3/1/2033 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
|
|
22,710 |
|
$ |
100.28 |
|
3/1/2034 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
|
|
21,240 |
|
$ |
112.06 |
|
3/3/2035 |
|
|
|
|
|
|
|
|
|||||
Restricted Stock Units |
|
|
|
|
|
|
|
|
331 |
|
|
27,754 |
|
|
|
|
|
|||||
Restricted Stock Units |
|
|
|
|
|
|
|
|
601 |
|
|
50,394 |
|
|
|
|
|
|||||
Restricted Stock Units |
|
|
|
|
|
|
|
|
850 |
|
|
71,273 |
|
|
|
|
|
|||||
Performance Stock Units |
|
|
|
|
|
|
|
|
|
|
|
|
1,120 |
|
|
93,912 |
|
|||||
Performance Stock Units |
|
|
|
|
|
|
|
|
|
|
|
|
1,110 |
|
|
93,074 |
|
|||||
Performance Stock Units |
|
|
|
|
|
|
|
|
|
|
|
|
1,030 |
|
|
86,366 |
|
|||||
Michael G. Read |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Stock Options |
|
8,700 |
|
|
|
$ |
53.75 |
|
6/19/2027 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
9,090 |
|
|
|
$ |
50.28 |
|
6/18/2028 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
6,040 |
|
|
|
$ |
77.33 |
|
6/17/2029 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
7,290 |
|
|
|
$ |
73.87 |
|
6/15/2030 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
5,440 |
|
|
|
$ |
84.54 |
|
6/14/2031 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
19,700 |
|
|
|
$ |
82.24 |
|
10/1/2031 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
23,650 |
|
|
|
$ |
84.85 |
|
6/13/2032 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
|
|
16,820 |
|
$ |
83.13 |
|
3/1/2033 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
|
|
16,640 |
|
$ |
100.28 |
|
3/1/2034 |
|
|
|
|
|
|
|
|
|||||
Stock Options |
|
|
|
17,280 |
|
$ |
112.06 |
|
3/3/2035 |
|
|
|
|
|
|
|
|
|||||
Restricted Stock Units |
|
|
|
|
|
|
|
|
217 |
|
|
18,195 |
|
|
|
|
|
|||||
Restricted Stock Units |
|
|
|
|
|
|
|
|
441 |
|
|
36,978 |
|
|
|
|
|
|||||
Restricted Stock Units |
|
|
|
|
|
|
|
|
690 |
|
|
57,857 |
|
|
|
|
|
|||||
Performance Stock Units |
|
|
|
|
|
|
|
|
|
|
|
730 |
|
|
61,211 |
|
||||||
Performance Stock Units |
|
|
|
|
|
|
|
|
|
|
|
810 |
|
|
67,919 |
|
||||||
Performance Stock Units |
|
|
|
|
|
|
|
|
|
|
|
840 |
|
|
70,434 |
|
||||||
Church & Dwight Co. | 2026 Proxy Statement |
81 |
Table of Contents
2025 OUTSTANDING EQUITY AWARDS |
|
Option Exercise Price ($) |
|
|
Expiration Date |
|
Vesting Date |
|
|
83.13 |
|
|
3/1/2033 |
|
3/1/2026 |
|
100.28 |
|
|
3/1/2034 |
|
3/1/2027 |
|
112.06 |
|
|
3/3/2035 |
|
3/3/2028 |
|
106.90 |
|
|
3/24/2035 |
|
3/24/2028 |
|
95.25 |
|
|
6/25/2025 |
|
6/25/2028 |
In the event of a “change in control,” as defined in the Omnibus Equity Compensation Plan, all stock options granted prior to July 30, 2019, immediately vest upon a change in control unless our Board of Directors determines otherwise. All stock options granted on or after July 20, 2019, require a “double trigger” before payment can be made or equity can vest (requiring a qualifying termination following a change in control).
82 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
2025 OPTION EXERCISES AND STOCK VESTED |
2025 OPTION EXERCISES AND STOCK VESTED
The following table provides information regarding option exercises and stock vested by our named executive officers during 2025.
|
Option Awards |
|
Stock Awards |
|
||||||||
Name |
# Shares Acquired |
|
Value Realized |
|
# Shares Acquired |
|
Value Realized |
|
||||
Richard A. Dierker |
|
— |
|
|
— |
|
|
1,570 |
|
$ |
174,584 |
|
Matthew T. Farrell |
|
— |
|
|
— |
|
|
15,641 |
|
$ |
1,721,872 |
|
Lee B. McChesney |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Charles R. Raup |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Patrick D. De Maynadier |
|
54,510 |
|
$ |
2,295,209 |
|
|
629 |
|
$ |
69,945 |
|
Michael G. Read |
|
— |
|
|
— |
|
|
436 |
|
$ |
48,483 |
|
Church & Dwight Co. | 2026 Proxy Statement |
83 |
Table of Contents
2025 NONQUALIFIED DEFERRED COMPENSATION |
|
2025 NONQUALIFIED DEFERRED COMPENSATION
Our US-based named executive officers are among the employees eligible to participate in the Executive Deferred Compensation Plan (“EDCP”). Mr. Read, as a Canada-based employee, is eligible to participate in the Canadian non-qualified deferred compensation arrangement, the Non-Registered Savings Plan (“NRSP”). Participants may invest amounts deferred into the EDCP in one or more notional investments, including a notional investment in our common stock. The other notional investments are based on a group of mutual funds. We also made contributions to a participant’s EDCP account equal to the matching contributions and profit sharing contributions that would have been made to the participant’s account under the Savings and Profit Sharing Plan for Salaried Employees but for (i) limitations imposed by the Internal Revenue Code on plan contributions, and (ii) the participant’s deferrals under the EDCP. Upon retirement, EDCP participants may elect to receive either a lump sum payment or installment payments for up to 20 years. A participant’s interest in the portion of his or her account derived from our contributions, vests, depending on the nature of the contribution, between two to five years from commencement of employment.
The following table provides details regarding nonqualified deferred compensation for our named executive officers in 2025.
Name |
|
Executive |
|
|
Registrant |
|
|
Aggregate |
|
|
Aggregate |
|
|
Aggregate |
|
|||||
Richard A. Dierker |
|
|
924,658 |
|
|
|
205,830 |
|
|
|
486,412 |
|
|
|
— |
|
|
|
8,090,797 |
|
Matthew T. Farrell |
|
|
16,907 |
|
|
|
170,888 |
|
|
|
(1,455,880 |
) |
|
|
(10,648,838 |
) |
|
|
3,371,259 |
|
Lee B. McChesney |
|
|
74,939 |
|
|
|
15,679 |
|
|
|
1,760 |
|
|
|
— |
|
|
|
80,446 |
|
Charles R. Raup |
|
|
— |
|
|
|
663 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Patrick D. De Maynadier |
|
|
— |
|
|
|
40,211 |
|
|
|
(141,540 |
) |
|
|
— |
|
|
|
4,365,567 |
|
Michael G. Read(3) |
|
|
16,819 |
|
|
|
55,872 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
84 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
POTENTIAL PAYMENTS UPON TERMINATION |
POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL
In this section, we describe payments that may have been made to our named executive officers upon several events of termination, including termination in connection with a change in control, assuming the termination event occurred on December 31, 2025 (except as otherwise noted).
The information in this section does not include information relating to the following:
CHANGE IN CONTROL AND SEVERANCE AGREEMENTS
We have entered into Change in Control and Severance Agreements with each named executive officer with the exception of Mr. Farrell, who retired from his employment with the company in April 2025. The agreements provide for benefits upon specified termination of employment events within two years following a change in control and upon specified termination of employment events at any time for reasons unrelated to a change in control. A “change in control” occurs under the agreements if:
Upon the termination of an executive officer’s employment without cause or by the executive officer for good reason, generally within two years following a change in control and following the executive officer’s execution of a release, the executive officer will receive:
Each lump sum payment will be made six months following the date of termination of employment.
Church & Dwight Co. | 2026 Proxy Statement |
85 |
Table of Contents
POTENTIAL PAYMENTS UPON TERMINATION |
|
Upon the termination of an executive officer’s employment without cause or by the executive officer for good reason other than as a result of a change in control and following the executive officer’s execution of a release, the executive officer will receive:
“Good reason” means the occurrence of any of the following events, without the consent of the executive officer: (i) the executive officer suffers a material demotion in title, position, or duties; (ii) the executive officer’s base salary and target award percentage or benefits are materially decreased; (iii) we fail to obtain the assumption of the agreement by an acquirer; or (iv) the executive officer’s office location is moved by more than 50 miles.
In the event that an executive officer becomes liable for payment of any excise tax under Section 4999 of the Internal Revenue Code with respect to any “excess parachute payments” under Section 280G of the Internal Revenue Code to be received under the agreement in connection with a change in control, we will reduce the payments below the threshold amount for “excess parachute payments” set forth in Section 280G, if the reduction would provide the executive with greater net after-tax payments than would be the case if no reduction were made and the payments were subject to excise tax under Section 4999 of the Internal Revenue Code.
In addition, under any event of termination covered by the agreement, the executive officer may elect to continue group medical and dental coverage at the then prevailing employee rate for a period of 24 months (12 months if termination occurs other than as a result of a change in control)—or, in the case of Mr. Dierker, 36 months (24 months if termination occurs other than as a result of a change in control) from the date of termination. The executive officer will also be entitled to receive (i) group life insurance coverage for a period of 24 months (12 months if termination occurs other than as a result of a change in control)—or, in the case of Mr. Dierker, 36 months (24 months if termination occurs other than as a result of a change in control) from the date of termination; (ii) outplacement assistance; and (iii) payment for unused vacation time. The agreement also contains non-competition, non-solicitation, and non-disparagement provisions.
The Change in Control and Severance Agreement replaced related provisions, if any, in the executive officer’s employment agreement.
VESTING PROVISIONS PERTAINING TO LONG-TERM INCENTIVE AWARDS UPON A CHANGE IN CONTROL
Under the Church & Dwight Co., Inc. 2022 Omnibus Equity Compensation Plan a “double trigger” is required for the vesting of grants made under the Omnibus Equity Compensation Plan on or after July 30, 2019, to participants with the title of Executive Vice President or Chief Executive Officer. Pursuant to the Omnibus Equity Compensation Plan, if, in connection with a “change of control,” which definition of “change of control” is similar to the definition of “change in control” under the Change in Control and Severance Agreements, an acquirer of the Company assumes, substitutes or converts such grants to similar grants of the surviving corporation on an economically-equivalent basis and otherwise in accordance with the Plan, and the applicable participant’s employment terminates without “cause” or for “good reason” as defined in the Change in Control and Severance Agreements upon or within 24 months following the change of control, then upon such termination, grants of stock options, restricted stock units and performance stock units will automatically accelerate and become fully vested (at target values, if such grants are subject to performance conditions). However, pursuant to our 2025 performance stock unit grant agreement, performance stock units will vest at the target level of performance on a pro-rated basis, calculated by multiplying the number of shares subject to the
86 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
POTENTIAL PAYMENTS UPON TERMINATION |
grant of performance stock units by a fraction, the numerator of which is the number of days that have elapsed from the start of the applicable performance period until the date of the grantee’s termination of employment, and the denominator of which is 1,095 for performance stock units granted in 2023, 1,036 for performance stock units granted in 2024 and 1,034 for performance stock units granted in 2025. Stock options granted prior to July 30, 2019, vest immediately upon a change of control, unless the Board of Directors determines otherwise.
TABLE OF BENEFITS UPON TERMINATION EVENTS
The following tables show potential payments to our named executive officers, other than Mr. Farrell, including those made in connection with a change in control, assuming a December 31, 2025, termination date. In connection with the amounts shown in the table:
Church & Dwight Co. | 2026 Proxy Statement |
87 |
Table of Contents
POTENTIAL PAYMENTS UPON TERMINATION |
|
Name and Principal Position |
Change in Control |
|
Non-Change in |
|
Retirement ($) |
|
Death and |
|
||||
Richard A. Dierker |
|
|
|
|
|
|
|
|
||||
President and Chief Executive Officer |
|
|
|
|
|
|
|
|
||||
Severance Payments(1) |
|
7,256,250 |
|
|
2,150,000 |
|
|
- |
|
|
- |
|
Stock Options |
|
44,827 |
|
|
- |
|
|
- |
|
|
44,827 |
|
Restricted Stock Units |
|
726,476 |
|
|
- |
|
|
- |
|
|
726,476 |
|
Performance Stock Units |
|
569,269 |
|
|
- |
|
|
- |
|
|
569,269 |
|
Excise Tax and Gross-Ups |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Health and Welfare Benefits |
|
74,924 |
|
|
49,949 |
|
|
- |
|
|
- |
|
Total |
|
8,671,746 |
|
|
2,199,949 |
|
|
- |
|
|
1,340,572 |
|
Lee B. McChesney |
|
|
|
|
|
|
|
|
||||
Executive Vice President, Chief Financial Officer |
|
|
|
|
|
|
|
|
||||
Severance Payments(1) |
|
2,590,000 |
|
|
700,000 |
|
|
- |
|
|
- |
|
Stock Options |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Restricted Stock Units |
|
1,859,793 |
|
|
- |
|
|
- |
|
|
1,859,793 |
|
Performance Stock Units |
|
49,831 |
|
|
- |
|
|
- |
|
|
49,831 |
|
Excise Tax and Gross-Ups |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Health and Welfare Benefits |
|
43,061 |
|
|
21,531 |
|
|
- |
|
|
- |
|
Total |
|
4,542,685 |
|
|
721,531 |
|
|
- |
|
|
1,909,624 |
|
Charles R. Raup |
|
|
|
|
|
|
|
|
||||
Executive Vice President, US Domestic President |
|
|
|
|
|
|
|
|
||||
Severance Payments(1) |
|
2,590,000 |
|
|
700,000 |
|
|
- |
|
|
- |
|
Stock Options |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Restricted Stock Units |
|
754,650 |
|
|
- |
|
|
- |
|
|
754,650 |
|
Performance Stock Units |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Excise Tax and Gross-Ups |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Health and Welfare Benefits |
|
29,463 |
|
|
14,732 |
|
|
- |
|
|
- |
|
Total |
|
3,374,113 |
|
|
714,732 |
|
|
- |
|
|
754,650 |
|
Patrick D. de Maynadier |
|
|
|
|
|
|
|
|
||||
Executive Vice President, General Counsel & Secretary |
|
|
|
|
|
|
|
|
||||
Severance Payments(1) |
|
1,841,400 |
|
|
558,000 |
|
|
- |
|
|
- |
|
Stock Options |
|
18,634 |
|
|
18,634 |
|
|
18,634 |
|
|
18,634 |
|
Restricted Stock Units |
|
149,421 |
|
|
149,421 |
|
|
149,421 |
|
|
149,421 |
|
Performance Stock Units |
|
179,446 |
|
|
217,798 |
|
|
217,798 |
|
|
179,446 |
|
Excise Tax and Gross-Ups |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Health and Welfare Benefits |
|
35,914 |
|
|
17,957 |
|
|
- |
|
|
- |
|
Total |
|
2,224,815 |
|
|
961,810 |
|
|
385,853 |
|
|
347,501 |
|
Michael G. Read(2) |
|
|
|
|
|
|
|
|
||||
Executive Vice President, International and Specialty Products Division |
|
|
|
|
|
|
|
|
||||
Severance Payments(1) |
|
1,897,500 |
|
|
575,000 |
|
|
- |
|
|
- |
|
Stock Options |
|
12,110 |
|
|
- |
|
|
- |
|
|
12,110 |
|
Restricted Stock Units |
|
113,030 |
|
|
- |
|
|
- |
|
|
113,030 |
|
Performance Stock Units |
|
125,797 |
|
|
- |
|
|
- |
|
|
125,797 |
|
Excise Tax and Gross-Ups |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Health and Welfare Benefits |
|
14,622 |
|
|
7,311 |
|
|
- |
|
|
- |
|
Total |
|
2,163,059 |
|
|
582,311 |
|
|
- |
|
|
250,937 |
|
88 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
CEO PAY RATIO |
CEO PAY RATIO
We believe executive pay must be internally consistent and equitable to motivate our employees to create shareholder value. We are committed to internal pay equity, and the Compensation & Human Capital Committee monitors the relationship between the pay our officers receive and the pay our non-officer employees receive. The compensation for our CEO in 2025 was approximately 120.7:1 times the 2025 pay for our median employee.
As a result of the rules adopted by the SEC under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”), we are required to disclose the ratio of the annual total compensation of our CEO to the annual total compensation of our median employee, using the required calculations. We identified our median employee utilizing data as of December 31, 2025 by examining the 2025 target total cash compensation (base salary plus target bonus) for all individuals excluding our CEO, who were employed by us on December 31, 2025. We included all employees, whether employed on a full-time or part-time basis. We did not make any assumptions, adjustments, or estimates with respect to target total cash compensation. We excluded four employees from Brazil, which represented less than one percent of the Company’s total employee population as of December 31, 2025. We believe the use of target total cash compensation for all employees is a consistently applied compensation measure because we do not widely distribute annual equity awards to employees.
We calculated annual total compensation for that employee using the same methodology we use for our named executive officers as set forth in the 2025 Summary Compensation Table in this Proxy Statement.
As illustrated in the table below, our 2025 CEO to median employee pay ratio is 120.7:1.
|
|
CEO to Median Employee |
|
|||||
|
|
President |
|
|
Median |
|
||
Base Salary |
|
$ |
986,580 |
|
|
$ |
69,467 |
|
Annual Incentive Plan Compensation |
|
$ |
1,472,656 |
|
|
$ |
3,473 |
|
Long-Term Incentive Awards |
|
$ |
7,084,073 |
|
|
|
— |
|
All Other Compensation |
|
$ |
256,368 |
|
|
$ |
8,263 |
|
TOTAL |
|
$ |
9,799,678 |
|
|
$ |
81,203 |
|
CEO Pay to Median Employee Pay Ratio |
|
|
120.7 |
|
|
1 |
|
|
Church & Dwight Co. | 2026 Proxy Statement |
89 |
Table of Contents
DELINQUENT REPORTS |
|
DELINQUENT SECTION 16(A) REPORTS
Each Director, executive officer and Chief Accounting Officer of the Company and any greater than 10% beneficial owner of Common Stock is required to report to the SEC, by a specified date, his or her transactions involving our Common Stock. Based solely on a review of the copies of reports furnished to us and related written representations from the reporting persons, we believe that for transactions during 2025 all reports required by Section 16(a) were timely filed, except as follows: (i) Kevin Gokey, Executive Vice President, filed one late Form 4 reporting one transaction; (ii) Surabhi Pokhriyal, Executive Vice President, Chief Digital Growth Officer, filed one late Form 4 reporting one transaction; (iii) Carlos Ruiz Rabago, Executive Vice President and Chief Supply Chain Officer, filed one late Form 4 reporting one transaction; (iv) Matthew Farrell, Former Chairman of the Board, filed one late Form 4 reporting three transactions; (v) Bradlen Cashaw, director, filed one late Form 4 reporting one transaction; (vi) Michael Smith, director, filed one late Form 4 reporting one transaction; (vii) Penry Price, director, filed one late Form 4 reporting one transaction; (viii) Robert Shearer, director, filed one late Form 4 reporting one transaction; (ix) Janet Vergis, director, filed one late Form 4 reporting one transaction; and (x) Laurie Yoler, director, filed one late Form 4 reporting one transaction. Each of the foregoing late filings was due to administrative oversight.
90 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
EQUITY COMPENSATION PLAN INFORMATION |
EQUITY COMPENSATION PLAN INFORMATION
AS OF DECEMBER 31, 2025
The following table provides information as of December 31, 2025, regarding securities issuable under our equity compensation plans, all of which were approved by our stockholders.
Plan Category |
|
(a) |
|
|
(b) |
|
|
(c) |
|
|||
Equity Compensation Plans Approved by |
|
|
8,831,798 |
|
|
$ |
81.83 |
|
|
|
14,136,952 |
|
Church & Dwight Co. | 2026 Proxy Statement |
91 |
Table of Contents
PAY VERSUS PERFORMANCE |
|
PAY VERSUS PERFORMANCE
As required under the SEC pay versus performance rules adopted under the Dodd-Frank Act (“PvP Rules”), we are providing the following information about the relationship between “compensation actually paid” to our CEO (referred to below as our principal executive officer or PEO) and average “compensation actually paid” to our named executive officers (“NEOs”) and certain financial performance of the Company for the last five years, in each case, calculated in a manner consistent with PvP Rules. For further information concerning the Company’s variable pay-for-performance philosophy and how the Company’s aligns executive compensation with the Company’s performance, refer to “Compensation Discussion and Analysis.”
|
PAY VERSUS PERFORMANCE |
|
||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Value of Initial Fixed $100 |
|
|
|
|
|
||||||||||||||
Year(1)(2) |
Summary |
|
Compensation |
|
|
Summary |
|
Compensation |
|
Average |
|
Average |
Total |
|
Peer Group |
|
Net |
|
Company- |
|
||||||||||||
2025 |
$ |
|
$ |
( |
) |
|
$ |
|
$ |
|
$ |
|
$ |
|
|
$ |
|
$ |
|
$ |
|
$ |
|
|||||||||
2024 |
$ |
|
$ |
|
|
|
|
|
|
$ |
|
$ |
|
|
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
2023 |
$ |
|
$ |
|
|
|
|
|
|
$ |
|
$ |
|
|
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
2022 |
$ |
|
$ |
( |
) |
(7) |
|
|
|
|
$ |
|
$ |
( |
) |
(8) |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||
2021 |
$ |
|
$ |
|
|
|
|
|
|
$ |
|
$ |
|
|
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
2025: Lee McChesney, Charles Raup, Patrick de Maynadier, Michael Read
2024: Richard Dierker, Patrick de Maynadier, Carlos Ruiz Rabago, Michael Read
2023: Richard Dierker, Patrick de Maynadier, Barry Bruno, Carlos Linares
2022: Richard Dierker, Patrick de Maynadier, Barry Bruno, Carlos Linares
2021: Richard Dierker, Patrick de Maynadier, Britta Bomhard, Barry Bruno
PEO SCT Total to CAP Reconciliation |
|||||||||||||||||||||||
Year |
Salary |
|
Bonus and |
|
All Other |
|
SCT Total |
|
Deductions |
|
Additions |
|
|
CAP |
|
|
|||||||
2025(i) |
$ |
|
$ |
|
$ |
|
$ |
|
$ |
( |
) |
$ |
( |
) |
|
$ |
( |
) |
|
||||
2025(ii) |
$ |
|
$ |
|
$ |
|
$ |
|
$ |
( |
) |
$ |
|
|
$ |
|
|
||||||
2024 |
$ |
|
$ |
|
$ |
|
$ |
|
$ |
( |
) |
$ |
|
|
$ |
|
|
||||||
2023 |
$ |
|
$ |
|
$ |
|
$ |
|
$ |
( |
) |
$ |
|
|
$ |
|
|
||||||
2022 |
$ |
|
$ |
|
$ |
|
$ |
|
$ |
( |
) |
$ |
( |
) |
(7) |
$ |
( |
) |
(7) |
||||
2021 |
$ |
|
$ |
|
$ |
|
$ |
|
$ |
( |
) |
$ |
|
|
$ |
|
|
||||||
92 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
PAY VERSUS PERFORMANCE |
Average Non-PEO NEOs(2) SCT Total to CAP Reconciliation |
|||||||||||||||||||||||
Year |
Salary |
|
Bonus and |
|
All Other |
|
SCT Total |
|
Deductions |
|
Additions |
|
|
CAP |
|
|
|||||||
2025 |
$ |
|
$ |
|
$ |
|
$ |
|
$ |
( |
) |
$ |
|
|
$ |
|
|
||||||
2024 |
$ |
|
$ |
|
$ |
|
$ |
|
$ |
( |
) |
$ |
|
|
$ |
|
|
||||||
2023 |
$ |
|
$ |
|
$ |
|
$ |
|
$ |
( |
) |
$ |
|
|
$ |
|
|
||||||
2022 |
$ |
|
$ |
|
$ |
|
$ |
|
$ |
( |
) |
$ |
( |
) |
(8) |
$ |
( |
) |
(8) |
||||
2021 |
$ |
|
$ |
|
$ |
|
$ |
|
$ |
( |
) |
$ |
|
|
$ |
|
|
||||||
PEO Equity Component of CAP for Each Fiscal Year (FY) |
||||||||||||||||
Year |
Equity |
Fair Value of |
|
|
Change in Value |
|
Change in Value |
|
|
Equity Value |
|
|
||||
2025(i) |
Options/RSUs/PSUs |
$ |
|
|
$ |
( |
) |
$ |
( |
) |
|
$ |
( |
) |
|
|
2025(ii) |
Options/RSUs/PSUs |
$ |
|
|
$ |
( |
) |
$ |
( |
) |
|
$ |
|
|
||
2024 |
Options/RSUs/PSUs |
$ |
|
|
$ |
|
$ |
|
|
$ |
|
|
||||
2023 |
Options/RSUs/PSUs |
$ |
|
|
$ |
|
$ |
|
|
$ |
|
|
||||
2022 |
Options |
$ |
|
(6) |
$ |
( |
) |
$ |
( |
) |
(7) |
$ |
( |
) |
(7) |
|
2021 |
Options |
$ |
|
|
$ |
( |
) |
$ |
|
|
$ |
|
|
|||
Average Non-PEO NEOs(2) Equity Component of CAP for each Fiscal Year (FY) |
||||||||||||||||
Year |
Equity |
Fair Value of |
|
|
Change in Value |
|
Change in Value |
|
|
Equity Value |
|
|
||||
2025 |
Options/RSUs/PSUs |
$ |
|
|
$ |
( |
) |
$ |
( |
) |
|
$ |
|
|
||
2024 |
Options/RSUs/PSUs |
$ |
|
|
$ |
|
$ |
|
|
$ |
|
|
||||
2023 |
Options/RSUs/PSUs |
$ |
|
|
$ |
|
$ |
|
|
$ |
|
|
||||
2022 |
Options |
$ |
|
(7) |
$ |
( |
) |
$ |
( |
) |
(8) |
$ |
( |
) |
(8) |
|
2021 |
Options |
$ |
|
|
$ |
( |
) |
$ |
|
|
$ |
|
|
|||
Restricted stock unit fair values are calculated using the stock price as of the measurement date.
Performance stock unit fair values, reported for CAP purposes, are estimated using a Monte Carlo pricing model. The methodology used for determining the model inputs is consistent with the valuation performed on the grant date. This model requires several assumptions: (i.e., volatility, financial metric multiplier, realized performance, and risk-free interest rate) as of the measurement date.
Church & Dwight Co. | 2026 Proxy Statement |
93 |
Table of Contents
PAY VERSUS PERFORMANCE |
|
2025: The loss on sale of our Vitamin, Mineral and Supplement business ($0.19), operational results and transaction costs of the acquisition of Touchland ("Touchland Acquisition") ($0.11), operational results and one-time costs to exit the Flawless, Spinbrush and Waterpik Showerheads businesses ($0.12), impact of unmitigated tariff costs ($0.09), ERP implementation costs ($0.02), cost of restricted stock issued for the Hero acquisition ($
2024: The impairment of intangible and other assets related to our Vitamin, Mineral and Supplement business ($1.10), the cost of restricted stock issued for the Hero acquisition ($
2023: The cost of restricted stock issued for the Hero acquisition ($
2022: The cost of restricted stock issued for the Hero acquisition ($
2021: The favorable adjustment to Flawless earnout ($
Required Tabular Disclosure of Most Important Measures to Determine FY2025 CAP
As described in greater detail in our Compensation Discussion and Analysis (“CD&A”) within the sections titled “2025 Key Business Highlights and Strong Pay for Performance Alignment” and “Annual Incentive Plan”, the Company’s executive compensation program reflects a variable pay-for-performance philosophy. The metrics that the Company uses for both our long-term and short-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our stockholders. The four items listed below represent the most important metrics we used to determine CAP for FY2025.
Most Important Performance Measures |
> > > > |
94 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
PAY VERSUS PERFORMANCE |
Discussion Regarding Pay versus Performance Relationship
The graphs that follow provide descriptions of the relationship between compensation actually paid and TSR, net income and our company-selected metric (Adjusted Diluted EPS) for both the PEO and the average non-PEO NEO cohort. The graphs also describe the relationship between our own TSR and a peer group TSR based upon an initial $100 investment made at the beginning of the applicable performance period (January 1, 2020). Compensation actually paid is influenced by numerous factors, including but not limited to the timing of new grant issuances and outstanding grant vesting, share price volatility during the fiscal year, our mix of short-term and long-term metrics, and many other factors.

Fiscal Years |
▲ CAP to |
|
▲ CAP to |
▲ Avg CAP to |
|
▲ Company |
|
▲ Peer |
|
||||
2025 vs. 2024 |
|
(118.3 |
)% |
n/a(1) |
|
(21.4 |
)% |
|
(35.4 |
)% |
|
(25.6 |
)% |
2024 vs. 2023 |
|
(17.5 |
)% |
|
|
(21.1 |
)% |
|
12.0 |
% |
|
16.2 |
% |
2023 vs. 2022 |
|
503.8 |
% |
|
|
973.8 |
% |
|
18.7 |
% |
|
0.4 |
% |
2022 vs. 2021 |
|
(122.5 |
)% |
|
|
(100.3 |
)% |
|
(20.4 |
)% |
|
(5.9 |
)% |
Church & Dwight Co. | 2026 Proxy Statement |
95 |
Table of Contents
PAY VERSUS PERFORMANCE |
|


96 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
PROPOSAL 2 |
PROPOSAL 2: ADVISORY VOTE TO APPROVE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS
In accordance with the provisions of Section 14A of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), enacted as part of the Dodd-Frank Act, we are providing our stockholders the opportunity to vote to approve, on an advisory (non-binding) basis, the compensation of our named executive officers as disclosed in this proxy statement in accordance with the SEC’s rules, commonly referred to as a say-on-pay vote. Specifically, these rules address the information we must provide in the compensation discussion and analysis, compensation tables, and related disclosures included in this proxy statement. In accordance with the advisory vote of our stockholders at our 2023 Annual Meeting of Stockholders, we provide to our stockholders the opportunity to vote annually to approve, on an advisory basis, the compensation of our named executive officers. Accordingly, the next vote to approve, on an advisory basis, the compensation of our named executive officers is at this Annual Meeting of Stockholders.
As described under “Compensation Discussion and Analysis,” our compensation objectives have focused on providing compensation that is competitive, includes meaningful performance incentives, aligns the interests of our executive officers and stockholders and provides an incentive for long-term continued employment with us.
We believe that our compensation program, which includes meaningful, performance-based components, has met these objectives and has enabled us to attract, motivate, and retain talented executives who have helped us achieve strong financial results. Please refer to the “Compensation Discussion and Analysis” for a detailed discussion of the performance goals addressed by our incentive programs and our compensation programs generally. Moreover, we believe that our compensation program is aligned with the long-term interests of our stockholders and contributed to our achievement of an average annual total stockholder return over the past three, five, and ten years of 2.5 percent, 0.4 percent, and 8.5 percent, respectively.
At the 2025 Annual Meeting of Stockholders, we asked our stockholders to vote to approve, on an advisory basis, the compensation paid to our named executive officers. Our stockholders approved compensation to our named executive officers, with approximately 89 percent of votes cast in favor of our say-on-pay resolution. We value this positive endorsement by our stockholders of our executive compensation program. After soliciting input from and engaging with various major stockholders regarding our executive compensation program, the Compensation & Human Capital Committee assessed our compensation programs and found our current mix of performance metrics to be balanced and supportive of our pay-for-performance philosophy, consistent with the solid support expressed by our stockholders. Accordingly, we continued our general approach to executive compensation for 2025. We believe our programs are effectively designed, are working well, and are aligned with the interests of our stockholders. The Compensation & Human Capital Committee will continue to seek and consider stockholder feedback in the future. Based on stockholder feedback, the Committee approved the addition of performance stock units and restricted stock units as long-term incentive vehicles beginning in 2023.
Accordingly, our Board of Directors recommends that our stockholders vote in favor of the following resolution:
RESOLVED, that the stockholders of Church & Dwight Co., Inc. approve, on an advisory basis, the compensation paid to our named executive officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the compensation discussion and analysis, the compensation tables and any related material disclosed in the proxy statement for the 2026 Annual Meeting of Stockholders.
This is an advisory vote, which means that the stockholder vote is not binding on us. Nevertheless, the Compensation & Human Capital Committee values the opinions expressed by our stockholders, will continue to seek and consider stockholder feedback in the future, and will carefully consider the outcome of the vote when making future compensation decisions for our named executive officers.
Your Board of Directors unanimously recommends a vote FOR approval, on an advisory basis, of the compensation of our named executive officers.
Church & Dwight Co. | 2026 Proxy Statement |
97 |
Table of Contents
PROPOSAL 3 |
|
PROPOSAL 3: RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Audit Committee selected Deloitte & Touche LLP to serve as our independent registered public accountant for 2026. In accordance with past practice, this selection will be presented to our stockholders for ratification at the Annual Meeting; however, consistent with the requirements of the Sarbanes-Oxley Act of 2002, the Audit Committee has ultimate authority in respect of the selection of our auditors. The Audit Committee may reconsider its selection if the appointment is not ratified by our stockholders. Deloitte & Touche LLP has served as our independent registered accountant since 1968.
A representative of Deloitte & Touche LLP will be in attendance at the Annual Meeting to respond to appropriate questions and will be afforded the opportunity to make a statement at the Annual Meeting, if he or she desires to do so.
Your Board of Directors unanimously recommends a vote FOR the ratification of the appointment of Deloitte & Touche LLP.
98 |
Church & Dwight Co. | 2026 Proxy Statement |
Table of Contents
|
PROPOSAL 4 |
PROPOSAL 4: STOCKHOLDER PROPOSAL
In accordance with SEC rules, we have set forth below a stockholder proposal, along with the supporting statement of the stockholder proponent. The Company is not responsible for any inaccuracies it may contain. As explained below, our Board unanimously recommends that you vote “AGAINST” the stockholder proposal.
The Accountability Board, Inc. 401 Edgewater Place STE 600, Wakefield, MA 01880-6200, beneficial owner of at least $2,000 in market value of shares of Common Stock, is the proponent of the following stockholder proposal. The proponent has advised us that the proponent or a representative will present the proposal and related supporting statement at the Annual Meeting.

RESOLVED: Shareholders ask the Board to take the necessary steps to permit action by written consent of the holders of outstanding stock having at least the number of votes that would be necessary to authorize or take the action at a meeting at which all shares entitled to vote thereon were present and voted.
DEAR FELLOW SHAREHOLDERS:
Written consents allow shareholders to approve corporate action without having to wait for an annual or special meeting to be scheduled, thereby saving time and resources while ensuring a critical year-round accountability tool for shareholders. Authorization by written consent has the same effect as actions approved at a meeting, but instead of a proxy vote on an action, shareholders sign and deliver to management written consents to the action.
In Delaware—where Church & Dwight is incorporated—the law by default authorizes shareholder action by written consent in lieu of a meeting. Companies can, however, include language in their charters that eliminates this critical shareholder right, which Church & Dwight has done. As the company explicitly says, “stockholder action may not be effected by a consent in writing.”
Giving shareholders the right to act by written consent is widely recognized as good governance.
For example, Institutional Shareholder Services (ISS) has reported that an “inability to act via written consent can block potential benefits to shareholders.” It’s also said the ability to act by written consent can “enhance the rights of the company’s shareholders by affording them [a] means of acting in between annual meetings” and that adopting this right “is generally in shareholders’ best interests.”
Similarly, Glass Lewis says it “strongly supports the right of shareholders to effect change at their portfolio companies including by acting by written consent.”
BlackRock says that since “[s]hareholders should have the opportunity to raise issues of substantial importance without having to wait for management to schedule a meeting” they “should have the right to solicit votes by written consent.”
Vanguard Group says it “will generally support shareholder proposals to adopt this right,” if the company does not already provide shareholders the right to call special meetings (which Wyndham doesn’t).
State Street says providing shareholders the right to act by written consent is appropriate, and Fidelity says it “generally will support proposals regarding shareholders’ right to act by written consent.”
Further, just a small sample of major companies whose proxy statements have touted the fact that their shareholders can act by written consent includes JP Morgan Chase, Home Depot, MGM Resorts, Labcorp, Northrop Grumman, Mattel, Wendy’s, JetBlue, KraftHeinz, Motorola Solutions, Capital One, Ecolab, BNY Mellon, Walgreens Boots Alliance, Intuit, Cisco, Campbell Soup, Sysco, Oracle, AIG, and Apple.
Looking ahead, we believe the company should allow shareholders to act by written consent and that adoption of this proposal is clearly warranted. Thank you.

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PROPOSAL 4 |
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The Board’s Statement in Opposition to Stockholder Proposal
After careful consideration, and for the following reasons, the Board believes that the proposal is not in the best interests of the Company or its stockholders, and the Board recommends voting “AGAINST” this proposal.
The Board of Directors has given careful consideration to this shareholder proposal and recommends that stockholders vote AGAINST this proposal for the following reasons: (i) we have a proactive, year-round stockholder engagement process; (ii) we believe that matters requiring stockholder approval should be presented to, and voted on, by stockholders at a meeting where all stockholders can participate; (iii) our stockholders already have meaningful rights that allow them to voice their views; and (iv) our strong governance policies further empower stockholders and promote Board accountability and responsiveness to stockholders.
We have a longstanding commitment to stockholder engagement and corporate governance
We believe the ability to act by written consent is unnecessary because of our longstanding commitment to corporate governance and proactive stockholder outreach. Our Board and management team greatly value the opinions and feedback of our stockholders, and throughout the year we engage with our stockholders to discuss a range of topics focused on corporate governance, corporate responsibility and sustainability, and executive compensation. Refer to the “Corporate Governance – Stockholder Engagement” section in this proxy statement for additional details on our corporate governance and stockholder engagement policies and practices.
We believe stockholder action is better undertaken at stockholder meetings rather than by written consent
In order to allow all stockholders equal time and opportunity to consider and act upon any matter requiring stockholder approval, the Board believes that all matters requiring stockholder approval should be presented and considered at an annual or special meeting of stockholders. In contrast, action by written consent can disenfranchise stockholders who do not have the opportunity to vote. Adoption of the written consent right requested by this proposal would permit a small group of stockholders, including those who accumulate a short-term voting position, to initiate action in a manner that would prevent all stockholders from having an opportunity to deliberate on matters in an open and transparent manner, and to consider arguments for and against any action, including the Company’s position. In addition, a stockholder seeking action by written consent may attempt to solicit the fewest possible stockholders needed to take action, rather than seeking input from all stockholders, and may rely on consents obtained from some stockholders without allowing stockholders to evaluate a proposal, express their views, and vote. Unlike action by written consent, when stockholders act at a special or annual meeting of stockholders, all stockholders receive advance notice of the meeting and have clearly established times during which they can evaluate the issues, engage with us and other stockholders, communicate their views, and vote. Permitting stockholder action by written consent could also lead to substantial confusion and disruption for stockholders, with potentially multiple, even conflicting, written consents being solicited by multiple stockholder groups. According to data from FactSet as of March, 2026, less than one third of companies in the S&P 500 permit stockholder action by written consent.
Our stockholders have strong rights
Our governing documents provide the ability for one or more stockholders owning shares representing at least 25% of the voting power of our outstanding shares of common stock to request that the Company call a special meeting of stockholders. A special meeting permits stockholders, the Board, and Company management to share information and hold a discussion on matters in between annual meetings and empowers all stockholders to participate collectively in a single meeting. This informed and collective process does not occur in an action taken by written consent, which only requires the holders of a majority of outstanding shares to participate in the process. In addition, the Board has adopted a market-standard proxy access Bylaw right. This provision permits stockholders to nominate Board candidates and include these nominees in our proxy materials, subject to certain provisions included in our Bylaws. This proxy access right complements the ability of stockholders to request a special meeting of stockholders, as both mechanisms provide stockholders owning a minority of shares with the ability to voice their views.
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PROPOSAL 4 |
The Company has strong corporate governance practices
The Board is committed to good corporate governance and has adopted policies and practices that provide our stockholders with additional opportunities to have their voices heard and that encourage effective, independent Board oversight of our management: (i) all directors are elected annually, and stockholders can remove directors with or without cause; (ii) we have adopted a majority voting standard for the election of directors in uncontested elections, and directors who do not receive a majority of the votes cast are subject to the Company’s resignation policy; (iii) ten out of eleven of our Board nominees are independent, and our only nominee who is not independent is Mr. Dierker, our Chief Executive Officer; (iv) we have an independent Board Chair with robust duties, and all members of our Audit Committee, Compensation & Human Capital Committee, and Governance, Nominating & Corporate Responsibility Committee are independent directors.
In light of our proactive and year-round stockholder engagement program, the special meeting and proxy access rights provided to our stockholders, which allow stockholders to voice their views in a way that is less onerous than taking action by written consent, and the fact that we already have in place strong corporate governance practices that promote Board responsiveness and accountability to stockholders, the Board believes that this proposal is unnecessary.
Required Vote; Recommendation Only
The affirmative vote of the holders of a majority of shares of the Company’s common stock present in person or represented by proxy at the Annual Meeting and entitled to vote on the subject matter is required to approve this Proposal 4 to recommend that the Board take the requested action. Stockholders should be aware that this stockholder proposal is simply a request that the Board take the action stated in the proposal. Approval of this proposal may not result in the requested action being taken by the Board, and therefore, its approval would not effectuate the actions requested by the proposal.
FOR THE REASONS STATED ABOVE, THE BOARD UNANIMOUSLY RECOMMENDS A VOTE “AGAINST” THIS STOCKHOLDER PROPOSAL
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HOUSEHOLDING OF PROXY MATERIALS |
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HOUSEHOLDING OF PROXY MATERIALS
The SEC has adopted rules that permit companies and intermediaries to satisfy delivery requirements for notices of Internet availability of proxy materials and, if applicable, proxy statements and annual reports to stockholders, with respect to two or more stockholders sharing the same address by delivering a single copy of the material addressed to those stockholders. This process, commonly referred to as “householding,” is designed to reduce duplicate printing and postage costs. We and some brokers may household notices of Internet availability of proxy materials and, if applicable, annual reports to stockholders and proxy materials, by delivering a single copy of the material to multiple stockholders sharing the same address unless contrary instructions have been received from the affected stockholders.
If a stockholder wishes in the future to receive a separate notice of Internet availability of proxy materials or, if applicable, the annual report to stockholders and proxy statement, or if a stockholder received multiple copies of some or all of these materials and would prefer to receive a single copy in the future, the stockholder should submit a request by telephone or in writing to the stockholder’s broker if the shares are held in a brokerage account or, if the shares are registered in the name of the stockholder, to our transfer agent, Computershare Investor Services LLC, 250 Royall Street, Canton, MA 02021, telephone: (866) 299-4219. We promptly will send additional copies of the relevant material following receipt of a request for additional copies.
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OTHER BUSINESS |
OTHER BUSINESS
We are not aware of any matters, other than as indicated above, that will be presented for action at the Annual Meeting. However, if any other matters properly come before the Annual Meeting, the persons named in the enclosed form of proxy intend to vote such proxy in their discretion on such matters.
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STOCKHOLDER PROPOSALS |
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STOCKHOLDER PROPOSALS AND NOMINATION OF DIRECTOR CANDIDATES
Any proposals submitted by stockholders for inclusion in our proxy statement and proxy for the 2027 Annual Meeting of Stockholders pursuant to SEC Rule 14a-8 must be received at our principal executive offices (to the attention of the Secretary) no later than November 19, 2026 and must comply in all other respects with applicable rules and regulations of the SEC relating to such inclusion.
Any stockholder who wishes to propose any business to be considered by the stockholders at the 2027 Annual Meeting of Stockholders, other than a proposal for inclusion in the proxy statement pursuant to SEC regulations, or who wants to nominate a person for election to our Board of Directors at that meeting, must provide a written notice that sets forth the specified information described in our Certificate of Incorporation concerning the proposed business or nominee. The notice must be delivered to the Secretary at our principal executive offices, at the address set forth on the first page of this proxy statement, no more than 120 days and no less than 90 days prior to the first anniversary of the previous year’s annual meeting, or not later than January 31, 2027 and no earlier than January 1, 2027 for proposed business or nominees to be brought at the 2027 Annual Meeting of Stockholders. A copy of our Certificate of Incorporation can be obtained upon request directed to the Office of the Secretary at the address set forth on the first page of this proxy statement.
In addition, stockholders must provide notice that provides the information required by Rule 14a-19 under the Exchange Act, which notice must be postmarked or transmitted electronically to the Company at the Company’s principal executive offices no later than 60 calendar days prior to the one-year anniversary date of the Annual Meeting (for the 2027 Annual Meeting, no later than March 2, 2027). If the date of the 2027 Annual Meeting is changed by more than 30 calendar days from such anniversary date, however, then the stockholder must provide notice by the later of 60 calendar days prior to the date of the 2027 Annual Meeting and the 10th calendar day following the date on which public announcement of the date of the 2027 Annual Meeting is first made.
The Board has adopted proxy access, which allows a stockholder or group of up to 20 stockholders who have owned at least 3% of the Company’s Common Stock for at least three years to submit director nominees (up to the greater of two individuals or 20% of the Board) for inclusion in the Company’s proxy materials if the stockholder or group provides timely written notice of such nomination and the stockholder or group, and the nominee(s) satisfy the requirements specified in the Company’s Bylaws. To be timely for inclusion in the Company’s proxy materials, notice must be received by the Corporate Secretary at the principal executive offices of the Company no earlier than the close of business on October 21, 2026, and no later than the close of business on November 20, 2026. The notice must contain the information required by the Company’s Bylaws, and the stockholder or group and its nominee(s) must comply with the information and other requirements in our Bylaws relating to the inclusion of stockholder nominees in the Company’s proxy materials.
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ANNUAL REPORT AND FORM 10-K |
ANNUAL REPORT AND FORM 10-K
Our Annual Report to Stockholders for 2025, including financial statements, is being furnished, simultaneously with this proxy statement, to all stockholders of record as of the close of business on March 4, 2026, the record date for voting at the Annual Meeting. A copy of our Annual Report and Form 10-K for the year ended December 31, 2025, including the financial statements, but excluding the financial statement schedules and most exhibits, will be provided without charge to stockholders upon written request to Church & Dwight Co., Inc., Princeton South Corporate Park, 500 Charles Ewing Boulevard, Ewing, New Jersey 08628 Attention: Secretary. The Form 10-K provided to stockholders will include a list of exhibits to the Form 10-K. Copies of exhibits will be furnished to stockholders upon written request and upon payment of reproduction and mailing expenses.
By Order of the Board of Directors,
PATRICK D. DE MAYNADIER
Corporate Secretary
Ewing, New Jersey
March 19, 2026
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Church & Dwight Co., Inc. Princeton South Corporate Park 500 Charles Ewing Boulevard Ewing, New Jersey 08628 |
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CHURCH & DWIGHT CO., INC. PRINCETON SOUTH CORPORATE PARK 500 CHARLES EWING BOULEVARD EWING, NJ 08628 SCAN TO VIEW MATERIALS & VOTE VOTE BY INTERNET Before The Meeting - Go to www.proxyvote.com or scan the QR Barcode above Use the Internet to transmit your voting instructions and for electronic delivery of information up until 11:59 p.m. Eastern Time on April 30, 2026 for shares held directly and by 10:00 a.m. Eastern Time on April 29, 2026 for shares held in a Plan. Have your proxy card in hand when you access the web site and follow the instructions to obtain your records and to create an electronic voting instruction form. During The Meeting - Go to www.virtualshareholdermeeting.com/CHD2026 You may attend the meeting via the Internet and vote during the meeting. Have the information that is printed in the box marked by the arrow available and follow the instructions. VOTE BY PHONE - 1-800-690-6903 Use any touch-tone telephone to transmit your voting instructions up until 11:59 p.m. Eastern Time on April 30, 2026 for shares held directly and by 10:00 a.m. Eastern Time on April 29, 2026 for shares held in a Plan. Have your proxy card in hand when you call and then follow the instructions. VOTE BY MAIL Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717. TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: V85369-P46752 KEEP THIS PORTION FOR YOUR RECORDS THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. DETACH AND RETURN THIS PORTION ONLY CHURCH & DWIGHT CO., INC. The Board of Directors recommends that you vote FOR the following nominees: 1. Election of 11 nominees to serve as directors for a term of one year; Nominees: 1a. Bradlen S. Cashaw 1b. Richard A. Dierker 1c. Bradley C. Irwin 1d. Penry W. Price 1e. Susan G. Saideman 1f. Ravichandra K. Saligram 1g. Robert K. Shearer 1h. Michael R. Smith 1i. Janet S. Vergis 1j. Arthur B. Winkleblack 1k. Laurie J. Yoler For Against Abstain The Board of Directors recommends that you vote FOR the following proposal: 2. An advisory vote to approve compensation of our named executive officers; The Board of Directors recommends that you vote FOR the following proposal: 3. Ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for 2026; The Board of Directors recommends that you vote AGAINST the following proposal: 4. Stockholder Proposal - Permit Stockholder Action by Written Consent. To act on such other business as may properly be brought before the meeting and any adjournments or postponements thereof. IF NO INSTRUCTIONS ARE GIVEN, THE SHARES WILL BE VOTED FOR THE ELECTION OF THE NOMINEES NAMED IN PROPOSAL 1 AND FOR PROPOSALS 2 AND 3 AND AGAINST PROPOSAL 4. THIS PROXY ALSO DELEGATES DISCRETIONARY AUTHORITY TO VOTE WITH RESPECT TO ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF. For Against Abstain For Against Abstain For Against Abstain Please sign exactly as your name(s) appear(s) hereon. All holders, including joint owners, must sign below. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. If the holder is a corporation or partnership, please sign in full corporate or partnership name by authorized officer. Signature [PLEASE SIGN WITHIN BOX] Date Signature (Joint Owners) Date
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Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to be held on May 1, 2026: The Notice of Annual Meeting, Proxy Statement and 2025 Annual Report to Stockholders are available at www.proxyvote.com. V85370-P46752 CHURCH & DWIGHT CO., INC. Annual Meeting of Stockholders - May 1, 2026 This proxy is solicited by the Board of Directors The undersigned hereby appoints RICHARD A. DIERKER, PATRICK D. DE MAYNADIER and RAVICHANDRA K. SALIGRAM, and each of them, proxies, each with full power of substitution, to vote all shares of stock which the undersigned would be entitled to vote if personally present at the Annual Meeting of Stockholders of Church & Dwight Co., Inc. to be held virtually via a live audio webcast at www.virtualshareholdermeeting.com/CHD2026 on Friday, May 1, 2026 at 12:00 p.m., Eastern Time, and at all adjournments or postponements thereof, subject to the directions indicated on the reverse side of this proxy card. If you are a participant in the Church & Dwight Co., Inc. Retirement Investment Fund Plans (the "401(k) Plans"), this proxy covers all shares for which the undersigned has the right to give voting instructions to Vanguard Fiduciary Trust Company, the trustee of the 401(k) Plans. This proxy, when properly executed, will be voted as directed by the undersigned on the reverse side. Shares in the 401(k) Plans for which voting instructions are not received by 10:00 a.m. Eastern Time on April 29, 2026, or for which no voting instructions are specified, will be voted by the trustee in the same proportion as the shares for which voting instructions are received from other participants in the applicable 401(k) Plan. Continued and to be signed on reverse side
FAQ
What is Church & Dwight (CHD) asking stockholders to vote on in the 2026 proxy?
When and how is Church & Dwight’s 2026 annual stockholder meeting being held?
What voting standards apply to Church & Dwight (CHD) director elections and proposals?
How independent is Church & Dwight’s (CHD) Board and its key committees?
What governance and compensation safeguards does Church & Dwight (CHD) highlight?
How does Church & Dwight (CHD) oversee risk, cybersecurity, and sustainability?
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