Church & Dwight Co. Inc. reported an insider ownership change by Carlos G. Linares in a Form 4 filed July 16, 2026, covering a report date of July 15, 2026. The filing concerns derivative securities tied to Church & Dwight common stock, specifically phantom stock credited under the company’s Deferred Compensation Plan. The reported security is described as phantom stock that converts to common stock on a 1-for-1 basis. However, the filing note also states that the phantom stock is to be settled in cash at the time prescribed by the plan, meaning the award provides economic exposure to Church & Dwight shares without necessarily resulting in the delivery of actual common stock. The document text provided does not include the number of phantom stock shares acquired, disposed of, or beneficially owned after the transaction. It also does not show a transaction code, transaction price, or a post-transaction ownership total, even though it references a change in the “Number of derivative Securities Beneficially Owned Following Reported Transaction(s).” No open-market purchase or sale of Church & Dwight common stock is described in the available text. The filing was signed on Linares’s behalf by Cristina Paradiso, attorney-in-fact, on July 16, 2026. The key takeaway is that Linares’s reported insider position changed through Church & Dwight’s deferred compensation arrangements, involving cash-settled phantom stock linked 1-for-1 to the company’s common stock, but the excerpt does not provide enough detail to quantify the size or value of the transaction.