Church & Dwight CEO Exercises Options and Sells $9.1M in Stock

Executive Summary

On November 3, 2026, Richard A. Dierker, President, CEO, and Director of Church & Dwight Co., Inc. ($CHD), executed an option exercise and subsequent sale of 83,340 shares of common stock. The transactions resulted in gross disposition proceeds of approximately $9.13 million at a weighted-average price of $109.5878 per share.

Transaction Breakdown

• Derivative Exercise (Code M): Exercised stock options for 83,340 shares of common stock at an exercise price of $84.85 per share (total cost: $7,071,399.00).
• Open Market Sale (Code S): Disposed of all 83,340 newly acquired shares at a volume-weighted average price of $109.5878 (range: $109.03 to $110.162), generating gross proceeds of $9,133,047.25 and net pre-tax proceeds of approximately $2.06 million.
• Post-Transaction Holdings: Following the transaction, Dierker directly holds 38,658.846 shares of common stock in his primary account (along with additional smaller direct lots of 1,401, 1,674, and 5,282 shares, and 1,003.7289 shares held indirectly through a Savings & Profit Sharing plan).

Market & Governance Context

• Nature of Trade: This represents a classic "exercise-and-sell" transaction, where options nearing expiration or in-the-money (granted with an expiration date of June 13, 2032) are exercised and sold concurrently.
• Significance: Rated Medium. While the gross dollar value exceeds $9.1 million, the transaction was fully funded by option exercises rather than a divestment of base long-term direct holdings, which is standard executive compensation monetization behavior.