[Form 4] Church & Dwight Co., Inc. Insider Trading Activity
Rhea-AI Filing Summary
Carlos G. Linares, EVP Chief Tech & Global New Prod at Church & Dwight (CHD), acquired phantom stock under the company's Deferred Compensation Plan. The Form 4 shows a transaction dated 08/15/2025 in which phantom stock shares were acquired that convert 1-for-1 into common stock and are to be settled in cash per the Plan. Following the reported transaction the filing lists 17,112.812 shares of common-stock equivalent beneficially owned, with a reported price reference of $92.48. The Form was signed by an attorney-in-fact on 08/18/2025.
Positive
- Transaction is a compensation-related award under the Deferred Compensation Plan rather than an opportunistic sale, indicating standard executive compensation practice
- Phantom shares are settled in cash, so there is no immediate increase in outstanding common shares or dilution
Negative
- None.
Insights
TL;DR: Officer received deferred-compensation phantom stock settled in cash; transaction is routine and not market-moving.
The filing documents a non-derivative economic interest (phantom stock) granted/acquired under the Church & Dwight Deferred Compensation Plan on 08/15/2025. These phantom shares convert 1-for-1 to common stock but are contractually settled in cash, so they do not immediately increase outstanding shares. The reported post-transaction economic exposure is 17,112.812 share equivalents and a reference price of $92.48 is included. This is a compensation-related transaction rather than an open-market purchase or sale.
TL;DR: Compensation award disclosed under Section 16; settlement-in-cash limits governance impact on share count.
The Form 4 indicates the reporting person is an executive-level officer and received phantom stock under the company deferred-compensation arrangement. The conversion is on a 1-for-1 basis to common-stock equivalents, but the Plan specifies cash settlement, which means there is no immediate dilution or transfer of voting rights. Disclosure is timely and executed via attorney-in-fact signature on 08/18/2025. This is a routine executive compensation disclosure with limited corporate-governance implications.