CHURCH & DWIGHT CO INC /DE/

In order to further align the interests of executive officers with the interests of our stockholders, we maintain stock ownership guidelines for our executive officers that require each executive officer to hold equity in the Company’s stock equal to a multiple of each executive’s salary.

The stock ownership guidelines applicable to each of our named executive officers at the end of 2024 are shown in the following table:

The calculation of ownership includes:

Executives are generally expected to achieve the guidelines within five years from the date on which they become subject to our stock ownership guidelines. On April 27, 2022, the Committee approved the removal of 60% of thein-the-money value of vested and unvested stock options, such that no portion of the value of options are taken into account towards the guidelines for executive officers. As a result of the amendment, effective April 27, 2022 (the “Amendment Effective Date)”, executive officers employed as of the Amendment Effective Date have five years from the Amendment Effective Date to meet the new guidelines. If an executive is ever below their ownership requirements, our guidelines require the executive to hold 50 percent of the net, after-tax value of any equity received from the Company’s ongoing compensation programs. As of December 31, 2024, all our executive officers employed as of the Amendment Effective Date are on track to meet their stock ownership guidelines within five years of the Amendment Effective Date and all our executive officers employed following the Amendment Effective Date are on track to meet their stock ownership guidelines within five years of the date on which they became subject to our stock ownership guidelines.

COMPENSATION DISCUSSION AND ANALYSIS