Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 300

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 300
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2023 and 2022, respectively, for non-cash compensation expense.  Restricted Stock Units The Company granted employees 121,050 RSUs with a total fair value of $12.4 at a weighted average grant date fair value of $102.40 per RSU during the year ended December 31, 2024.  The Company granted employees 120,080 RSUs with a total fair value of $10.4 at a weighted average grant date fair value of $86.20 per RSU during the year ended December 31, 2023. The annual RSU grants vest one-third on each of the first, second and third anniversaries of the grant date, subject to the recipient’s continued employment with the Company from the grant date through the applicable vesting date, and are settled with shares of the Company’s Common Stock within 60 days following the applicable vesting date. Additionally, in connection with the Hero Acquisition (see Note 6), 854,882 shares of restricted stock were issued to certain individuals in October 2022 with a total fair value of $61.5. This restricted stock is recognized as compensation expense ratably over the vesting period if those individuals continue to be employed by the Company. The vesting requirements are satisfied at various dates over a three-year period 

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

from the date of the acquisition.  427,438 shares have vested as of December 31, 2024.  The restricted stock expense associated with the Hero Acquisition for the twelve months ended December 31, 2024, 2023 and 2022 was $20.3, $29.2 and $6.0, respectively, and is included in the Non-cash compensation expense caption in the consolidated statement of cash flows. In January 2021, the Company issued cash-settled stock units under the Omnibus Equity Plan to all employees at the level of vice president and below.  These restricted stock units are scheduled to vest and be settled on the third anniversary of the date of grant, subject to continued employment through such date. As a result of the issued cash-settled stock units, the Company recorded stock compensation expense of $0.9, $1.3 and $0.3 in 2024,