Church & Dwight Officer Increases Deferred Phantom Stock Holdings
Rhea-AI Filing Summary
Form 4 indicates that EVP & Chief Technology and Global New Product Officer Carlos G. Linares acquired 26.672 phantom stock units of Church & Dwight Co., Inc. (CHD) on 30 June 2025 at a reference price of $96.11. The phantom shares convert to common stock on a 1-for-1 basis but will be settled in cash according to the company’s Deferred Compensation Plan. Following the transaction, Linares’ aggregate phantom-stock position stands at 17,030.913 units. No common shares were bought or sold, and there is no indication of open-market activity. The filing represents a routine deferred-compensation allocation rather than a market transaction and is unlikely to have a material impact on CHD’s float or insider-ownership profile.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine deferred-comp plan accrual; immaterial to share supply or insider-sentiment.
The reported acquisition involves cash-settled phantom stock added to Mr. Linares’ deferred-compensation account. At roughly $2,600 in notional value, the increment is negligible relative to CHD’s $24 billion market cap. Because the units do not convert into tradable equity and do not reflect open-market buying, the signal value for external investors is limited. The officer’s cumulative phantom balance (≈17k units) represents less than 0.01% of shares outstanding, leaving governance and dilution considerations unchanged. Overall, I view the filing as administrative and non-impactful.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 26.672 | $96.11 | $3K |
Footnotes (1)
- The phantom stock shares convert to common stock on a 1-for-1 basis. The phantom stock shares were acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan and are to be settled in cash at such time as prescribed by the Plan.