Spann Rick, EVP Chief Supply Chain Officer at Church & Dwight (CHD), has demonstrated a clear selling bias in recent insider transactions, with $2.25 million in total sales outweighing $187,849 in purchases across 23 filings. The most significant transaction occurred on March 3, 2025, when Rick sold CHD shares worth $2.19 million—a substantial divestment that dwarfs all other activity. This follows smaller but consistent sales on March 7, 2025, totaling $27,858 across three transactions coded as "F" (tax liability). Prior to these disposals, Rick received periodic stock awards (coded "A") throughout 2024 and early 2025, typically valued between $4,685 and $5,471, with one notable $135,329 award on March 7, 2024.
The transaction history reveals a pattern of accumulating shares through equity compensation before executing a major liquidation in early 2025. While smaller sales for tax purposes occurred intermittently—including $18,904 worth on March 1, 2025—the March 3 sale represents a decisive reduction in position. All activity is concentrated in CHD, with no trades in other securities. The absence of open-market purchases since at least late 2023 suggests Rick has relied entirely on awarded equity rather than discretionary buying during this period. The recent $2.19 million sale marks the most significant shift in holdings, though smaller disposals continue to follow.
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