[Form 4] Church & Dwight Co., Inc. Insider Trading Activity
Carlos G. Linares, EVP Chief Tech & Global New Prod at Church & Dwight (CHD), reported an acquisition of phantom stock under the company Deferred Compensation Plan. On 08/29/2025 he was granted 27.517 phantom stock units that convert 1-for-1 into common shares and are to be settled in cash under the Plan. The filing records an imputed price of $93.16 per share and shows 17,140.329 shares beneficially owned by Mr. Linares after the transaction. The Form 4 was signed by an attorney-in-fact on 09/02/2025.
- Grant of 27.517 phantom stock units under the Deferred Compensation Plan aligns executive compensation with shareholder value.
- Beneficial ownership reported at 17,140.329 shares, providing transparency on insider holdings.
- None.
Insights
TL;DR: Insider received 27.517 phantom units settled in cash, modestly increasing reported beneficial ownership to 17,140.329 shares.
The grant is a routine deferred-compensation award rather than an open-market purchase or option exercise. Phantom units convert 1-for-1 to common shares but will be settled in cash per the Deferred Compensation Plan, so there is no immediate issuance of equity or dilution. The reported imputed price of $93.16 provides a valuation reference for the award. This disclosure is standard for senior officers and does not indicate a change in control, sale, or other material corporate event.
TL;DR: Compensation grant aligns with deferred-pay practices; cash settlement limits direct share accumulation and dilution.
The phantom stock award ties executive pay to company share performance without issuing shares now, which preserves share count but exposes the company to cash-settlement obligations. The grant size (27.517 units) is small relative to total beneficial holdings (17,140.329 shares), suggesting limited impact on governance or voting power. Material risk would be the cumulative cash liability of such plans if broadly used, but this single grant is routine and immaterial.