[Form 4] CHURCH & DWIGHT CO INC /DE/ Insider Trading Activity
Richard A. Dierker, President and CEO and a director of Church & Dwight Co., Inc. (CHD), reported a Section 16 transaction dated 09/30/2025. He acquired 44.214 phantom stock units under the company’s Deferred Compensation Plan; those units convert 1-for-1 into common stock and are settled in cash under the Plan. The reported transaction price is $87.63 per share equivalent. After the transaction, Dierker beneficially owns 15,604.219 shares directly. The Form 4 was signed by an attorney-in-fact on 10/01/2025.
- Executive alignment with stock performance: Awarded 44.214 phantom stock units that tie compensation to CHD common stock value.
- Non-dilutive structure: The phantom units are settled in cash under the Deferred Compensation Plan, not by issuing new shares.
- None.
Insights
TL;DR: CEO acquired deferred compensation tied to common stock value; units settle in cash, aligning pay with shareholder value without issuing new shares.
The filing shows a modest grant of 44.214 phantom stock units that convert on a 1:1 basis to common stock equivalents and are payable in cash under the Deferred Compensation Plan. This structure links executive compensation to equity performance while avoiding immediate share dilution. The disclosed post-transaction direct ownership of 15,604.219 shares provides context on the executive's existing stake. There are no indications of open-market purchases or sales in this filing.
TL;DR: Small, routine deferred-compensation grant reported; unlikely to be material to CHD’s share count or valuation.
The transaction is an award of phantom stock units under the company’s Deferred Compensation Plan, recorded at a price equivalent of $87.63 per share and totaling 44.214 units. Because the units are payable in cash per the Plan, this does not represent an issuance of new shares. The size of the award relative to the reporting person’s total beneficial ownership (15,604.219 shares) is small, suggesting a routine compensation event rather than a change in ownership intent.