Church & Dwight (NYSE: CHD) CEO receives phantom stock compensation grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Church & Dwight (CHD) President and CEO Richard A. Dierker reported a compensation-related award of phantom stock units. On this Form 4, he acquired 44.5600 phantom stock shares at a reference price of $97.0600 per share under a deferred compensation plan.
The phantom stock converts on a 1-for-1 basis with Church & Dwight common stock but, according to the plan, will be settled in cash rather than actual shares. Following this award, Dierker holds a total of 17,685.8140 phantom stock shares credited to his account.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dierker Richard A
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 44.56 | $97.06 | $4K |
Holdings After Transaction:
Phantom Stock — 17,685.814 shares (Direct, null)
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.
Key Figures
Phantom stock granted: 44.5600 shares
Reference price per phantom share: $97.0600 per share
Phantom stock holdings after grant: 17,685.8140 shares
+2 more
5 metrics
Phantom stock granted
44.5600 shares
Grant of phantom stock to CEO on the reported transaction date
Reference price per phantom share
$97.0600 per share
Price per share used for the phantom stock grant
Phantom stock holdings after grant
17,685.8140 shares
Total phantom stock credited to CEO after this award
Conversion ratio
1 phantom share : 1 common share
Phantom stock converts to common stock value on a 1-for-1 basis
Conversion or exercise price
$0.0000
Conversion price reported for the phantom stock derivative security
Key Terms
Phantom Stock, Deferred Compensation Plan, Grant, award, or other acquisition
3 terms
Phantom Stock financial
"The phantom stock shares convert to common stock on a 1-for-1 basis."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Compensation Plan financial
"acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did CHURCH & DWIGHT (CHD) report for Richard A. Dierker?
Church & Dwight reported that President and CEO Richard A. Dierker received 44.5600 phantom stock shares as a grant. This award is recorded on a Form 4 and represents compensation rather than an open-market stock purchase or sale, tied to the company’s deferred compensation plan.
What are the key terms of the phantom stock grant reported by CHD for its CEO?
The grant covers 44.5600 phantom stock shares with a reference price of $97.0600 per share. Each phantom share corresponds 1-for-1 with Church & Dwight common stock and is credited under the Deferred Compensation Plan, with future settlement in cash rather than delivery of actual shares.
How does CHD’s phantom stock under the Deferred Compensation Plan settle for the CEO?
The phantom stock shares awarded to the CEO under Church & Dwight’s Deferred Compensation Plan are to be settled in cash. Although they convert on a 1-for-1 basis with common stock for value tracking, the plan specifies cash settlement at the time determined by its provisions.