Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 137

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1B
Chunk 137
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 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, 2023 and 2022, respectively.  The liability was approximately $4.4 and $3.5 as of December 31, 2024 and 2023, respectively.     Performance Stock Units    In the first quarter of 2024 and 2023, the Company granted PSUs to members of the Executive Leadership Team, including the CEO, with an aggregate award of 19,960 and 19,650 PSUs, respectively.  The PSUs were valued at a weighted average grant date fair value per PSU equal to $122.24 in 2024 and $110.95 in 2023 using a Monte Carlo model. The performance target is based on the Company's total shareholder return ("TSR") relative to a Company selected peer group.  The PSUs vest on the later of (i) the third anniversary of the grant date, and (ii) the date that the Board's Compensation & Human Capital Committee certifies the achievement of the applicable performance goals, in each case, subject to the recipient’s continued employment with the Company from the grant date through the vesting date. The number of shares that may be issued ranges from 0% to 200% based on relative TSR during the three-year performance period.   Discounted Employee Stock Purchase Plan   The Company’s discounted Employee Stock Purchase Plan (“ESPP”) was adopted in February 2023 by the Company’s Board of Directors and became effective in April 2023 upon approval by the Company’s stockholders. There are 750,000 shares of