Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 138

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1B
Chunk 138
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 Common Stock reserved for issuance under the ESPP. The ESPP, which is intended to be an “employee stock purchase plan” under Section 423 of the Internal Revenue Code, permits eligible employees to purchase Common Stock through after-tax payroll deductions.  Currently, the purchase price equals 85% of the fair market value of our Common Stock on the last trading day of the applicable quarterly purchase period. The maximum value of Common Stock that an eligible employee may purchase each calendar year is the lesser of 10% of an eligible employee’s annual pay and $25,000. There are four purchase periods in each calendar year under the ESPP, which begin on the first business day of each calendar quarter and end on the last business day of each calendar quarter. The first purchase period commenced in January 2025.Deferred Compensation PlansThe Company maintains a non-qualified deferred compensation plan under which certain members of management are eligible to defer a maximum of 85% of their regular compensation (i.e., salary) and, in general, up to 85% of their incentive bonus.  As of January 1, 2024, the limit was decreased from 85% to a maximum of 70% for both regular compensation and incentive bonus.  The amounts deferred under this plan are credited with earnings or losses based upon changes in values of notional investments selected by the plan participant.  The investment options available include notional investments in various stock, bond and money market funds as well as the Company’s Common Stock.  Each plan participant is fully vested in the amounts the participant defers.  The plan permits the Company to make profit sharing contributions that cannot otherwise be contributed to the qualified savings and profit-sharing plan due to limitations established by the Internal Revenue Service.  These contributions vest under the same vesting schedule applicable to the qualified plan.The liability to plan participants for contributions designated for notional investment in Common Stock is based on the quoted fair value of the Common Stock plus any dividends credited.  The Company uses cash-settled hedging instruments to minimize the cost related to the volatility of Common Stock.  At December 31, 2024 and 2023, the amount of the Company’s liability under the deferred compensation plan is included in Current and Deferred and Other Long-term Liabilities and was $135.8 and $118.2, respectively and the funded balances recorded in Other Assets amounted to $127.2 and $112.9, respectively.  The amounts charged to earnings, including the effect of the hedges,