Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 225

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 225
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 be exercised within 10 years of the date of grant.  However, upon a participant’s termination of employment (other than termination for cause, death, disability or retirement), a participant will generally have 30 days (90 days for grants made after May 13, 2022) to exercise any vested stock options, subject to specified conditions.  If, upon termination of a participant’s employment (other than a termination for cause), a participant is at least 55 years old, has at least five years of service, and the sum of the participant’s age and years of service is at least 65, the participant may exercise any vested stock options granted between 2007 through 2017 within a period of three years from the date of termination or, if earlier, the date such stock options otherwise would have expired, subject to specified conditions.  Starting with stock options granted in 2018, a terminated employee who meets the above conditions may exercise any stock options until the date such stock options otherwise would have expired, subject to specified conditions.  Issuances of Common Stock to satisfy employee stock option exercises currently are made from treasury stock.Stock option transactions for the year ended December 31, 2024 were as follows:   

        Weighted

        Weighted

        Average

        Average

        Remaining

        Aggregate

        Exercise

        Contractual

        Intrinsic

        Options

        Price

        Term

        Value

        Outstanding as of December 31, 2023
         
        10.2

        $
        68.77

        Granted
         
        1.1

        100.47

        Exercised
         
        (2.7
        )

        53.51

        Cancelled
         
        (0.2
        )

        86.72

        Outstanding as of December 31, 2024
         
        8.4

        $
        77.10

        6.0

        $
        232.9

        Exercisable as of December 31, 2024
         
        5.0

        $
        68.95

        4.6

        $
        180.6

79

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)(In millions, except share and per share data)