Form 4: Campbell's Co Director Hilado Reports Acquisition of Phantom Stock
SEC Filing
Director Maria Teresa Hilado reports acquisition of phantom stock in Campbell's Co, along with dividend reinvestments.
Summary
- Maria Teresa Hilado, a director of Campbell's Co, filed a Form 4 indicating changes in beneficial ownership.
- The report details the acquisition of 1,030.6 shares of phantom stock on December 30, 2024.
- These phantom shares are fully vested and payable in cash upon retirement, resignation, or termination from the company's Supplemental Retirement Plan.
- The report also includes 220.47 shares acquired through dividend reinvestment since the last report, bringing the total shares beneficially owned to 29,632.41.
- The reporting person directly owns the shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of phantom stock and dividend reinvestment indicates a continued investment in the company by a director.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a company director.
Key Dates
| Date | Description |
|---|---|
| 12/30/2024 | Date of phantom stock acquisition |
| 12/31/2024 | Date of signature on the report |
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