[Form 4] Church & Dwight Co., Inc. Insider Trading Activity
Brian D. Buchert, EVP of Strategy, M&A, and BP at Church & Dwight Co., Inc. (CHD), reported a transaction dated 08/29/2025 in which he acquired 5.031 phantom stock units under the company's Deferred Compensation Plan at a reported unit value of $93.16. The phantom units convert to common stock on a 1-for-1 basis but are designated to be settled in cash under the plan. Following the reported acquisition, Mr. Buchert beneficially owns 576.715 shares of common stock directly. The Form 4 was signed by an attorney-in-fact and filed on 09/02/2025.
- Alignment with shareholder interests: Phantom units convert 1-for-1 to common stock, linking executive compensation to equity value
- Clear disclosure: Transaction details including date, amount (5.031 units), and settlement terms are provided on Form 4
- None.
Insights
TL;DR: Insignificant economic impact but aligns pay with shareholder value through deferred compensation.
The reported 5.031 phantom units represent a small incremental grant relative to total holdings (resulting in 576.715 shares reported beneficially owned). The units convert one-for-one to common stock but are contractually to be paid in cash per the Deferred Compensation Plan, so there is no immediate issuance of shares or dilution. The transaction is routine compensation-related activity by a senior executive and appears procedural rather than materially market-moving.
TL;DR: Transaction reflects deferred compensation mechanics; cash settlement limits share issuance implications.
The phantom stock grant reported at a unit value of $93.16 is part of the company’s deferred compensation arrangements. Because the award is to be settled in cash, it functions as a deferred payout rather than an equity issuance, which mitigates immediate governance or dilution concerns. Disclosure is consistent with Section 16 reporting requirements for insiders receiving compensation-linked awards.