[Form 4] Church & Dwight Co., Inc. Insider Trading Activity
Richard A. Dierker, who serves as a director and as President and CEO, reported a Section 16 transaction for Church & Dwight Co., Inc. (CHD). The Form 4 shows a derivative acquisition on 08/15/2025 of 41.895 phantom stock units under the companys Deferred Compensation Plan. The phantom units convert to common stock on a 1-for-1 basis but are documented to be settled in cash under the Plan. The filing lists a per-share reference price of $92.48 and reports beneficial ownership figures consistent with the reporting persons holdings following the transaction.
- 41.895 phantom stock units acquired under the company's Deferred Compensation Plan on 08/15/2025
- Phantom units convert 1-for-1 to common stock, clearly documented in the filing
- Reporting person disclosed roles as Director and President and CEO, enhancing transparency
- Phantom units are to be settled in cash under the Plan, so they do not increase outstanding common shares
- Settlement in cash changes economic exposure compared with direct stock awards (explicit in the filing)
Insights
TL;DR: Insider acquired 41.895 phantom units convertible 1-for-1 to CHD shares but designated for cash settlement, limited direct equity dilution.
This Form 4 documents a non-derivative/derivative reporting event where the CEO/director added 41.895 phantom stock units under the Deferred Compensation Plan on 08/15/2025. The units convert to common stock on a 1-for-1 basis, with a reference price shown at $92.48. Because the units are to be settled in cash per the Plan, the economic exposure to stock price moves differs from a direct share grant. The transaction is routine compensation-related activity rather than an open-market purchase or sale.
TL;DR: Compensation-related phantom units were granted to an executive who is also a director; settlement terms are cash-based per the Plan.
The filing explicitly states the award was made under the Church & Dwight Deferred Compensation Plan and that phantom shares convert 1-for-1 to common stock but will be settled in cash. This is a standard deferred compensation mechanism that provides executive compensation deferral while avoiding immediate share issuance. The dual role of the reporting person (director and President/CEO) is clearly disclosed on the form.