Church & Dwight EVP forfeits $200K in stock options for failing to preserve evidence

CHURCH & DWIGHT CO INC /DE/

Barry Bruno, EVP & CMO, forfeited vested in-the-money stock options worth $200,000 as a penalty.
He failed to comply with document preservation instructions for a legal matter, deleting text messages.
Company investigation retrieved a significant number of the deleted communications.
Board approved the forfeiture on May 23, 2023; entered into a waiver agreement.

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