The following table sets forth information regarding the compensation for 2024, 2023, and 2022 of our Chairman, President and CEO, our Executive Vice President, CFO and Head of Business Operations, and each of the persons who were the next three most highly paid executive officers in 2024, or our “named executive officers,” as defined in Item 402 of Regulation S-K.
| Name and Principal Position | Year | Salary ($)(1) | Bonus ($) | Stock Awards(2) | Option Awards ($)(2) | Non-Equity Incentive Plan Compensation ($)(1)(3) | All Other Compensation ($)(9) | Total ($) |
|---|
| Matthew T. Farrell(4) | 2024 | 1,231,633 | — | 2,015,000 | 6,045,000 | 2,499,000 | 462,792 | 12,253,425 |
|---|
| Chairman, President and | 2023 | 1,183,975 | — | 1,808,075 | 5,424,225 | 2,530,700 | 235,191 | 11,182,166 |
|---|
| Chief Executive Officer | 2022 | 1,156,275 | — | — | 6,590,772 | 453,600 | 174,764 | 8,375,361 |
|---|
| Richard A. Dierker(5) | 2024 | 721,950 | — | 581,280 | 1,743,840 | 945,300 | 225,016 | 4,217,386 |
|---|
| Executive Vice President, | 2023 | 695,275 | — | 496,625 | 1,489,875 | 1,070,000 | 136,450 | 3,888,225 |
|---|
| Chief Financial Officer and Head of Business Operations | 2022 | 673,300 | — | — | 1,780,976 | 191,400 | 100,087 | 2,745,763 |
|---|
| Patrick D. de Maynadier(6) | 2024 | 527,500 | — | 225,633 | 676,898 | 439,900 | 141,882 | 2,011,813 |
|---|
| Executive Vice President, | 2023 | 508,000 | — | 206,456 | 619,369 | 521,200 | 98,043 | 1,953,068 |
|---|
| General Counsel & Secretary | 2022 | 494,500 | — | — | 750,728 | 94,900 | 85,460 | 1,425,588 |
|---|
| Carlos Ruiz Rabago(7)Executive Vice President, ChiefSupply Chain Officer | 2024 | 32,188 | 500,000 | 1,350,000 | — | — | 2,237 | 1,884,425 |
|---|
| Michael G. Read(8)Executive Vice President,International | 2024 | 510,667 | — | 165,393 | 496,179 | 419,700 | 86,616 | 1,678,555 |
|---|
| (1) | Some of our named executive officers deferred a portion of their salary and non-equity incentive plan compensation in 2024 under the EDCP as follows: Mr. Farrell, $169,450; Mr. Dierker, $620,374; and Mr. de Maynadier, $77,204. |
| (2) | The amounts shown for option and stock awards are based on the grant date fair value of awards calculated in accordance with ASC Topic 718. The assumptions used in determining the amounts in this column are set forth in note 12 to our consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on February 13, 2025. The below table provides the aggregate value of the performance stock units at the grant date at the target and maximum performance levels. The actual value of the performance stock units at the time of payout will depend upon the achievement of the relative TSR performance measure, as well as the price of our Common Stock at the time of the vesting. For information regarding the number of shares subject to 2024 stock option grants and other features of those grants, see the “2024 Grants of Plan-Based Awards” table. |
| Named Officer | PSU Value atTarget Level(Reported inStock Awardscolumn above)($) | PSU Value atMaximumLevel ($) |
|---|
| Matthew T. Farrell | 1,209,000 | 2,418,000 |
|---|
| Richard A. Dierker | 348,768 | 697,536 |
|---|
| Patrick D. de Maynadier | 135,380 | 270,759 |
|---|
| Carlos Ruiz Rabago | — | — |
|---|
| Michael G. Read | 99,236 | 198,472 |
|---|
| (3) | Includes payments under the Annual Incentive Plan based on achievement of corporate performance measures. See “Compensation Discussion and Analysis—2024 Compensation—Annual Incentive Plan” for further information regarding payments for 2024. |
| 72 | Church & Dwight Co. | 2025 Proxy Statement |
2024 SUMMARY COMPENSATION TABLE
| (4) | Mr. Farrell’s annual base salary increased to $1,240,000 effective March 1, 2024. Mr. Farrell will retire as President and Chief Executive Officer as of April 1, 2025. |
| (5) | Mr. Dierker’s annual base salary increased to $726,600 effective March 1, 2024. His annual base salary will increase to $1,075,000 effective April 2, 2025, concurrently with assuming his role as President and Chief Executive Officer of the Company. |
| (6) | Mr. de Maynadier’s annual base salary increased to $530,900 effective March 1, 2024. |
| (7) | Mr. Ruiz Rabago began employment with Church & Dwight on December 9, 2024. Mr. Ruiz Rabago’s annualized base salary is $515,000. As part of his offer, the Mr. Ruiz Rabago received a cash sign-on bonus of $500,000 and a grant of restricted stock units with a grant date fair value of $1,350,000. |
| (8) | Mr. Read’s annual base salary increased to $528,800 effective March 1, 2024. All dollar figures in the table have been converted to USD using the CAD Conversion Rate. |
| (9) | The following table sets forth the component amounts presented in the “All Other Compensation” column above for the year ended December 31, 2024: |
| Church & Dwight Co. | 2025 Proxy Statement | 73 |
|---|
2024 ALL OTHER COMPENSATION TABLE
2024 All Other Compensation Table
| Name and Principal Position | Year | DividendEquivalentson VestedRestrictedStock Units | Profit Sharing(2) | QualifiedSavingsPlan Company Match(3) | Non-QualifiedSavingsPlan CompanyMatch(4) | Company Donations to Charitable Organizations | Executive Health Program | Relocation | Perquisites |
|---|
| Matthew T. Farrell | 2024 | 3,193 | 261,482 | 17,250 | 170,867 | 10,000 | — | — | — |
|---|
| Chairman, President and | 2023 | — | 140,013 | 16,500 | 65,379 | 10,000 | 3,300 | — | — |
|---|
| Chief Executive Officer | 2022 | — | 83,250 | 15,250 | 64,335 | 10,000 | 1,930 | — | — |
|---|
| Richard A. Dierker | 2024 | 877 | 124,541 | 17,250 | 72,348 | 10,000 | — | — | — |
|---|
| Executive Vice President, | 2023 | — | 75,811 | 16,500 | 27,834 | 10,000 | 2,272 | — | 4,034 |
|---|
| Chief Financial Officer and Head of Business Operations | 2022 | — | 41,758 | 15,250 | 33,079 | 10,000 | — | — | — |
|---|
| Patrick D. de Maynadier | 2024 | 362 | 72,885 | 17,250 | 35,185 | 10,000 | 3,750 | — | 2,450 |
|---|
| Executive Vice President, | 2023 | — | 51,548 | 16,500 | 13,645 | 9,000 | 3,000 | — | 4,350 |
|---|
| General Counsel & Secretary | 2022 | — | 27,093 | 15,250 | 18,867 | 10,000 | 3,000 | — | 11,250 |
|---|
| Carlos Ruiz Rabago | 2024 | — | 2,237 | — | — | — | — | — | — |
|---|
| Executive Vice President, Chief Supply Chain Officer |
|---|
| Michael G. Read | 2024 | 238 | 56,051 | — | 15,327 | — | — | — | 15,000 |
|---|
| Executive Vice President, International(1) |
|---|
| (1) | The dollar figures have been converted to USD using the CAD Conversion Rate, as applicable. |
| (2) | Represents profit sharing contributions for U.S. executive officers into the Savings and Profit Sharing Plan and the EDCP, and for Canadian executive officers into the RRSP, DPSP and NRSP. |
| (3) | Represents employer matching contributions paid in the applicable year for U.S. executive officers into the Savings and Profit Sharing Plan, and for Canadian executive officers into the RRSP and DPSP. |
| (4) | Represents employer matching contributions paid in the applicable year for U.S. executive officers into the EDCP and for Canadian executive officers into the NRSP. |
| 74 | Church & Dwight Co. | 2025 Proxy Statement |
2024 GRANTS OF PLAN-BASED AWARDS
