Confirmation of Promotion and Compensation Terms for Barry Bruno as Executive Vice President, Chief Marketing Officer

Summary

This letter confirms the promotion of Barry Bruno to Executive Vice President, Chief Marketing Officer at Church & Dwight Co., Inc., effective October 1, 2021. The agreement outlines his new base salary of $475,000, a bonus target of 50% of base salary, and a stock option grant valued at $150,000, with future grants starting June 2022. The total target compensation and remuneration are specified, along with the percentage increases from his previous role. The letter serves as formal notification of the promotion and associated compensation changes.

EX-10.21 5 chd-ex1021_224.htm EX-10.21 chd-ex1021_224.htm

EXHIBIT 10.21

 


 

September 4, 2021

 

To:

Barry Bruno

 

 

From:

Matthew Farrell

 

 

CC:

Rene Hemsey

 

 

 

Confirmation of Promotion effective dated 10/01/2021

 

Congratulations!

 

I am thrilled to offer you the position of Executive Vice President, Chief Marketing Officer as of October 1, 2021.

 

Base Salary - $475,000

Bonus Target – 50%

Bonus Target $ $237,500

Total Compensation at Target - $712,500

Stock Option Target – 115%

Stock Option Target $* $546,250

Total Remuneration at Target - $1,258,750

Salary Grade - US Grade Elected Officer

 

You will receive a stock option grant on October 1, 2021 in the amount of $150,000*. Thereafter, grants will occur beginning in June 2022.

 

 

Current

New

$ Change

% Change

Base Salary

$453,000

$475,000

$22,000

5%

Bonus Target %

Bonus Target $

50%

$226,500

50%

$237,500

 

$11,000

 

Total Compensation at Target

$679,500

$712,500

$33,000

5%

Stock Option Target % Stock Option Plan $*

93%

$421,290

115%

$546,250

 

124,960

 

Total Remuneration at Target

$1,100,790

$1,258,750

$157,960

14%

 

I look forward to seeing the continued impact you will have on our business.

 

Sincerely,

 

Matthew Farrell

 

*Stock Option grant amounts represent the grant date fair value of the award.