Tax withholdings reduce Church & Dwight (NYSE: CHD) EVP equity stake
Rhea-AI Filing Summary
Church & Dwight (CHD) executive Rene Hemsey reported tax-related share dispositions, not open-market sales. On March 1, Hemsey had multiple Common Stock transactions coded "F" at $104.86 per share, described as payments of tax obligations by delivering shares.
Footnotes explain that 77 shares and 70 shares were withheld to cover taxes tied to vesting of previously reported restricted stock units, and 561 shares were withheld for taxes on time-based vesting of performance stock units. After these transactions, Hemsey continued to hold several hundred shares directly, plus additional indirect holdings through a savings and profit sharing arrangement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 708 shares
Net Sell
5 txns
Insider
Hemsey Rene
Role
EVP, Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 77 | $104.86 | $8K |
| Exercise Price or Tax Liability | Common Stock | 70 | $104.86 | $7K |
| Exercise Price or Tax Liability | Common Stock | 561 | $104.86 | $59K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,976.063 shares (Direct);
Common Stock — 4,850.9311 shares (Indirect, Savings and Profit Sharing)
Footnotes (3)
- F1. Represents shares of common stock withheld to satisfy certain tax obligations in connection with the vesting of previously reported restricted stock units ("RSUs").
- F2. Includes previously granted RSUs as well as shares received upon the vesting of the RSUs.
- F3. Represents shares of common stock withheld to satisfy certain tax obligations in connection with the time-based vesting of previously reported performance stock units ("PSUs").
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did CHD executive Rene Hemsey report in this Form 4?
Rene Hemsey reported tax-withholding dispositions of Church & Dwight common stock. Shares were withheld to cover tax obligations when previously granted RSUs and PSUs vested, rather than sold in open-market transactions.
Were Rene Hemsey’s CHD transactions open-market stock sales?
No, the transactions are coded "F" and described as payment of tax liabilities by delivering securities. Footnotes specify the shares were withheld when RSUs and PSUs vested, not discretionary open-market sales of stock.
What types of equity awards are referenced in Rene Hemsey’s CHD filing?
The filing references restricted stock units (RSUs) and performance stock units (PSUs). Shares were withheld to cover taxes on the vesting of these previously reported awards, including time-based vesting for the PSUs.