Price Penry W 4
Research Summary
AI-generated summary
Church & Dwight Director Penry Exercises Options, Sells 7,000 Shares
What Happened
- Penry W. Price, a director of Church & Dwight (CHD), exercised options to acquire 7,000 shares on March 12, 2026 at $49.62 per share (cost $347,340) and sold those 7,000 shares the same day in an open-market sale at a weighted-average price of $100.58 per share for proceeds of $704,074. The exercise and immediate sale effectively resulted in gross proceeds exceeding the exercise cost by roughly $356,734 (before taxes/fees).
- The filing also lists a derivative conversion line for 7,000 shares at $0.00, which corresponds to the option-to-share conversion associated with the exercise.
Key Details
- Transaction date: 2026-03-12; filing date: 2026-03-13 (timely).
- Exercise (code M): 7,000 shares at $49.62 each — total exercised cost $347,340.
- Sale (code S): 7,000 shares at weighted-average $100.58 each — total proceeds $704,074.
- Footnote: weighted-average sale price ranged from $100.5545 to $100.605; detailed per-share price breakdown available upon request (Footnote F1).
- Shares owned after the transaction: not disclosed in the supplied filing summary.
- Transaction codes: M = option exercise/conversion; S = open-market sale.
Context
- Because the shares were exercised and sold the same day, this is effectively a cashless exercise (options exercised and shares immediately sold to cover cost/taxes or realize gains).
- Director sales can be routine (liquidity, tax obligations, planned sales) and do not by themselves indicate company performance expectations. This summary is factual and does not speculate on motives.