[Form 4] Church & Dwight Co., Inc. Insider Trading Activity
Brian D. Buchert, Executive Vice President of Strategy, M&A, and BP at Church & Dwight Co., Inc. (CHD), reported a non-derivative acquisition on 08/15/2025. He acquired 5.069 phantom stock units under the company's Deferred Compensation Plan at an attributable price of $92.48 per share. The phantom units convert to common stock on a 1-for-1 basis but are to be settled in cash per the Plan. After the transaction Mr. Buchert beneficially owns 571.684 shares on a direct basis. The Form 4 was signed by an attorney-in-fact on 08/18/2025.
- Executive alignment: Award under the Deferred Compensation Plan ties payouts to stock performance, aligning management incentives with shareholders
- No dilution: Phantom shares are to be settled in cash, so the grant does not increase share count
- None.
Insights
TL;DR: Small deferred-compensation acquisition; aligns executive pay with equity value but appears immaterial to valuation.
The reported acquisition of 5.069 phantom shares, convertible 1-for-1 and settled in cash, reflects routine participation in the companys Deferred Compensation Plan rather than an open-market purchase. The cash settlement feature avoids dilution but ties payout to the companys stock performance, supporting executive alignment with shareholder returns. The size (5.069 units) is minor relative to total outstanding shares and the reporting persons total beneficial ownership of 571.684 shares, so the transaction is unlikely to materially affect the capital structure or near-term market perception.
TL;DR: Compensation-based grant under existing plan; governance-normal, with cash settlement limiting share issuance impact.
This Form 4 documents a grant under the Deferred Compensation Plan, not an opportunistic market purchase or a change in control transaction. The 1-for-1 conversion coupled with cash settlement means the company will not issue new shares for this award, reducing shareholder dilution concerns. Reporting and signature by attorney-in-fact comply with filing norms. No departures from standard governance practices are indicated in the filing.