[Form 4] Church & Dwight Co., Inc. Insider Trading Activity
Mark J. Magazine, Executive Vice President and Chief Commercial Officer of Church & Dwight Co., Inc. (CHD), reported equity awards and an option grant on Form 4. On 09/01/2025 he was granted 750 restricted stock units (RSUs) priced at $93.16 that vest in three annual installments beginning 09/01/2026 and convert 1-for-1 to common shares upon vesting contingent on continued employment. The filing also reports previously granted RSUs with scheduled vesting dates in 2024–2026 and a stock option granted 09/01/2025 for 7,890 shares with an exercise price of $93.16, exercisable 09/01/2028 and expiring 09/01/2035. The Form is signed by an attorney-in-fact on 09/02/2025.
- Time-based RSU awards and a long-dated option align the reporting person’s incentives with long-term shareholder value
- Vesting schedules are multi-year and contingent on continued employment, supporting retention objectives
- Grants are employment-based rather than performance-based, offering less direct linkage to measurable company performance
- Potential dilution from 7,890-option shares and multiple RSU grants could increase share count if fully vested/exercised
Insights
TL;DR: Typical executive equity grants align long-term incentives via RSUs and stock options tied to multi-year vesting.
The filing details customary compensation actions: time-based RSUs with staggered vesting and a long-dated stock option with a $93.16 strike. These instruments are standard for retaining senior executives and aligning interests with shareholders over multi-year horizons. The vesting contingencies are employment-based rather than performance-based, which matters for incentive alignment. No dispositions, sales, or unusual hedging arrangements are reported.
TL;DR: The disclosure shows an executive received equity and options; impact on share count and dilution appears modest relative to company scale.
The option covering 7,890 shares and the new 750 RSUs increase potential share-based dilution if fully exercised/vested. Reported prior RSUs with upcoming conversion dates indicate additional potential short-term share issuance as those units vest. The document does not disclose total outstanding shares, so quantitative dilution cannot be calculated from this filing alone.